Leading brake manufacturer Brembo has reported a 17.2 per cent increase in first-quarter 2021 revenues to 675.1 million euros. According to the company, the figure is even higher (+20.9%) where foreign exchange effects are considered on a basis. During the same period pre-tax profits (EBITDA) amounted to 135.6 million euros, which equates to a margin of 20.1 per cent (EBITDA). Net profits for the first quarter stood at 61.4 million euros.
At the end of April, Brembo agreed to buy 100 per cent of J.Juan Group, a Spanish company specialising in the development and production of motorbike braking systems, for 70 million euros. The acquisition is expected to close in the second half of 2021 following regulatory approvals.
Italian brake manufacturer Brembo has reported increased fourth quarter sales and pre-tax profits despite the corona-related loss in annual turnover the firm also reported. Fourth quarter 2020 revenues amounted to 649.7 million euros, up 4.5 per cent compared to the same period of the previous year. Pre-tax profits were (EBITDA) were 121.6 million euros (EBITDA margin: 18.7%). As result, the company’s net debt position improved by 121.0 million euros compared to 30 September 2020.
Following the news that three tyre manufacturers are listed on the 2020 CDP A list, three brake makers can also be found on the ranking – Brembo, Bosch and Continental. Brembo achieved the best result with As in both climate change and water security. Bosch scored an A in the climate change category.
Brembo has signed an agreement for the acquisition of a 100 per cent stake in SBS Friction A/S, a Danish company which develops and manufactures sintered and organic material brake pads for motorcycles. The transaction entails a consideration of 224 million Danish Krone, equal to approximately £27 million. The company will pay this using available cash. Enterprise value is 300 million Danish Krone (£36 million). Brembo expects the agreement’s finalisation in the first quarter of 2021.
Brake manufacturer Brembo has reported third quarter revenues of 1,559.9 million euros (-20.9 per cent compared to the previous year). Pre-tax profits (EBITDA) amounted to 267.1 million euros. Meanwhile EBITDA and EBIT margins of 17.1 per cent and 7.1 per cent respectively were described as “in line with the previous year.”
Brembo is to supply brake calipers and discs for the new Polestar 2. Specifically, Brembo is to produce the two-piece four-piston aluminium front calipers and Brembo’s exclusive dual-cast floating brake disc for the Polestar 2.
With lockdown meaning many people are working from home, car usage has decreased. And this means many cars have been left unused and exposed. This, in turn, can cause brakes to develop issues that stop them working correctly during driving.
Effective Tuesday 28 April 2020, Brembo has reopened its Curno, Mapello and Sellero (Italy) Italian brake manufacturing operations, product at which was temporarily suspended on 16 March 2020 due to the emergency Covid-19 situation.
Braking systems company Brembo S.p.A. has announced that it holds an interest in consumer tyre manufacturer and fellow Formula 1 supplier Pirelli. As of 31 March 2020, Brembo holds a 2.43 per cent stake in Pirelli, both directly and through its parent company Nuova FourB.
Brake manufacturer Brembo has decided to donate 1 million euros to three centres of excellence in Bergamo, namely the Papa Giovanni XXIII Hospital, the Fondazione per la Ricerca Ospedale di Bergamo (FROM) foundation and the Mario Negri Institute, which are working in the region hardest hit by the Covid-19 pandemic, combining clinical and pharmacological research.
The fourth annual WhoCanFixMyCar.com awards took place on 13 February 2020, following a year in which more than two million jobs were completed by registered garages. The awards comprised 24 categories, with 118 nominees shortlisted and acknowledged for their excellence out of a network of more than 14,400 garages and mechanics registered on the site. Headline sponsor, battery manufacture Varta attended alongside other members of the WhoCanFixMyCar.com partnership including Shell, Brembo and Hella.
Mention Brembo and the Italian manufacturer’s brightly coloured brake callipers immediately spring to mind. At the same time, the brand carries with it messages of premium quality, OE fitments on the best-known cars and top-flight motorsport credentials. During Autopromotec Tyres & Accessories Alfredo Albarella, Area Manager BU Aftermarket Brembo SpA and heard about how Brembo’s latest “Xtra” UHP brake range and “Expert” dealer both aim to offer customers something extra.