Brembo half-year revenue exceeds €2 billion for first time

High-performance braking products manufacturer Brembo for the first half was €2,004.8 million, up 2.8 per cent, the first time the company has exceeded €2 billion in revenues in the six month period. EBITDA was €351.4 million (a margin of 17.5 per cent), and EBIT at €218.8 million (10.9 per cent margin).

Brembo executive chairman Matteo Tiraboschi said: “Brembo closed the half year exceeding €2 billion revenue for the first time. EBITDA also continued to grow, demonstrating the Group’s ability to ensure profitability despite the pressures of the harsh geopolitical and market situation. Although the context remains complex, we continue to pursue with confidence our ambitious investment plan, in line with the strategies we are implementing to support the expansion of our global manufacturing and project-related capacity, particularly in Asia and in the Aftermarket. Moreover, we are forging ahead with our digital evolution, as witnessed by the recent acquisition of a stake in the US startup Spoke Safety, specialising in connected mobility solutions.”

The Italian brake manufacturer has net investments and increases in leased assets at €186.5 million. Its net financial debt is €613.6 million (€435.0 million prior to the application of IFRS 16), up €51.3 million compared to 30 June 2023.