The General Shareholders’ Meeting of Brembo was held today and resolved on:
Approval of the Financial Statements and Allocation of Profit
The General Shareholders' Meeting of Brembo, held today under the chairmanship of Alberto Bombassei, approved the Financial Statements for the year ended 31 December 2019 and resolved to carry forward the 2019 profit of the Parent, Brembo S.p.A., net of the portion allocated to reserves.
Brembo Group’s revenues for 2019 amounted to €2,591.7 million, down 1.8% compared to the previous year (-1.3% on a like-for-like consolidation basis). As already announced, in 2019 EBITDA amounted to €515.2 million (EBITDA margin: 19.9%), EBIT to €318.5 million (EBIT margin: 12.3%) and net profit to €231.3 million.
The Parent Brembo S.p.A.’s net revenues for 2019 were €947.7 million, down 1.5% compared to the previous year.
The General Shareholders’ Meeting approved the following allocation of profit, which amounted to €179.2 million:
Account Manager DACH / UK