The General Shareholders’ Meeting of Brembo

The General Shareholders’ Meeting of Brembo held today approved:

• the 2022 Financial Statements and the distribution of a gross dividend of €0.28 per share;
• the appointment of the Board of Directors and the Board of Statutory Auditors;
• the plan for the buy-back and sale of own shares;
• the Remuneration Policy for 2023.

Approval of the Financial Statements and Allocation of Profit

The General Shareholders’ Meeting of Brembo, held today under the chairmanship of Matteo Tiraboschi, approved the Financial Statements for the year ended 31 December 2022 and the distribution of a gross dividend of €0.28 per share outstanding at ex-coupon date, with the exclusion of own shares. The dividend will be paid as of 24 May 2023, ex-coupon No. 6 on 22 May 2023 (record date: 23 May 2023).

In light of the extension of the emergency measures on the holding of general meetings provided for by Law No. 14 of 24 February 2023, the Shareholders were only able to participate in the General Shareholders’ Meeting by granting proxy authorisation and voting instructions on the items on the Agenda to the Designated Representative Computershare S.p.A.

As already announced, the Brembo Group’s revenues for 2022 amounted to €3,629 million, up 30.7% compared to the previous year. In 2022, EBITDA amounted to €625.2 million (EBITDA margin: 17.2%), EBIT to €382.8 million (EBIT margin: 10.5%) and net profit to €292.8 million.

The Parent Brembo S.p.A.’s net revenues for 2022 were €1,179.3 million, up 15.5% compared to the previous year.

The General Shareholders’ Meeting approved the following allocation of the €164.9 million net profit:

• to the Shareholders a gross dividend of €0.28 per each ordinary share outstanding at ex-coupon date, with the exclusion of own shares;
• the remaining amount carried forward.