General Shareholders Meeting of Brembo

The General Shareholders’ Meeting of Brembo held today approved, inter alia:

• the 2023 Financial Statements and the distribution of a gross dividend of €0.30 per share;
• the plan for the buy-back of own shares;
• the Remuneration Policy for 2024;
• the amendments to the Articles of Association following the Cross-Border Conversion.

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 2023 and the distribution of a gross dividend of €0.30 per share outstanding at ex-coupon date, with the exclusion of own shares. The dividend will be paid as of 22 May 2024, ex-coupon No. 1 on 20 May 2024 (record date: 21 May 2024).

As already announced, the Brembo Group’s revenues for 2023 amounted to €3,849.2 million, up 6.1% compared to the previous year. In 2023, EBITDA amounted to €665.8 million (EBITDA margin: 17.3%), EBIT to €414.1 million (EBIT margin: 10.8%) and net income to €305.0 million.

The Parent Brembo S.p.A.’s net revenues for 2023 were €1,265.2 million, up 7.3% compared to the previous year.

The General Shareholders’ Meeting approved the following allocation of the €139.3 million net income:

• to the Shareholders a gross dividend of €0.30 per each ordinary share outstanding at ex-coupon date, with the exclusion of own shares;
• the remaining amount carried forward.