Results on 31 December 2022:
Revenues at €3,629 million, +30.7% compared to the previous year (+25.1% on a like-for-like exchange rate basis; +22.0% on a like-for-like consolidation and exchange rate basis)
EBITDA at €625.2 million (EBITDA margin: 17.2%); EBIT at €382.8 million (EBIT margin: 10.5%)
Net investments and increases in leased assets at € 319.6 million
Net financial debt decreased by €128.6 million compared to 30 September 2022Hervé Poncharal.
Executive Deputy Chairman Matteo Tiraboschi stated: “Brembo closed 2022 satisfactorily. Regarding revenues, margins and net profit, we reported the highest figures ever in the Company’s history. All the leading segments in which we operate contributed to this result.
This milestone was reached despite the complexities of a year especially marked by the consequences of the war in Ukraine and persistent inflation pressures on the raw material markets.
The strategy outlined in the past few years has proven capable of effectively maintaining Brembo’s competitiveness at the highest levels in a challenging context. Our solutions’ innovation focuses on digitalisation and sustainability — two critical elements for the Brembo of tomorrow.
The development of our innovative, intelligent braking system Sensify and the frontier research of the California-based Brembo Inspiration Lab is heading in this direction.
New venture capital
To further support this path, in October 2022, we announced the incorporation of Brembo Ventures, our new venture capital unit tasked with investing in the best technological start-ups. We have entered the new year aware that the results achieved in 2022 will be the foundation for continuing to invest in our future.”
The first months of 2023 saw a positive performance in terms of volumes and production capacity utilisation. Barring significant changes in the current macroeconomic and geopolitical context, Brembo expects an increase in revenues in the mid-single digit range for the current year compared to the previous year.
Under paragraph 2 of Article 154-bis of Italy’s Consolidated Law on Finance. The manager in charge of the Company’s financial reports, Andrea Pazzi, declares that the accounting information in this press release corresponds to the documented results, books and accounting records.
Press Release : Brembo