The General Shareholders’ Meeting of Brembo was held today in Stezzano (Bergamo) and approved:
Approval of the Financial Statements and Allocation of Profit
The General Shareholders' Meeting of Brembo, held today at the Headquarters in Stezzano, Bergamo, under the chairmanship of Alberto Bombassei, approved the Financial Statements for the year ended 31 December 2018 and the distribution of a gross dividend of €0.22 per share outstanding at ex-coupon date, with the exclusion of the Company’s own shares. Payment date for the dividend will be 22 May 2019, ex-coupon No. 2 on 20 May 2019 (record date: 21 May 2019).
Brembo Group’s revenues for 2018 amounted to €2,640.0 million, up 7.2% compared to the previous year (+9.6% on a like-for-like exchange rate basis). As already disclosed, 2018 showed a good growth in revenues and EBITDA, which stood at €500.9 million (19.0% of sales), up 4.4% compared to the previous year.
The Parent Brembo S.p.A.’s consolidated net revenues for 2018 amounted to €961.7 million, up 6.9% compared to the previous year.
The General Shareholders’ Meeting approved the following allocation of profit, which amounted to €114.1 million:
Account Manager DACH / UK