29 July 2026
Q2 and H1 2026 results
| (€ million) | Q2 2026 | Q2 2025 | Change % | H1 2026 | H1 2025 | Change |
|---|---|---|---|---|---|---|
| Revenues | 983.0 | 924.0 | +6.4% | 1,920.4 | 1,881.0 | +2.1% |
| EBITDA % of sales | 162.0 16.5% | 147.6 16.0% | +9.8% | 316.7 16.5% | 300.9 16.0% | +5.2% |
| EBIT % of sales | 89.8 9.1% | 79.0 8.5% | +13.7% | 175.7 9.1% | 162.4 8.6% | +8.2% |
| Net profit % of sales | 60.7 6.2% | 46.7 5.1% | +30.0% | 117.6 6.1% | 97.9 5.2% | +20.1% |
| Net Financial Debt | 798.6 | 935.5 | -136.9 |
“The second quarter closed with better-than-expected results, leading to an upward revision of our guidance. Sensify made significant progress in the first half of the year: from the start of production for a global car manufacturer to the new contracts, and to our partnership aimed at a large-scale adoption in China, confirming the growth potential of this innovative platform in the long term,” stated Brembo Executive Chairman Matteo Tiraboschi. “This trajectory is consistent with the findings of a new research carried out by the Economist Group: as mobility evolves, safety and trust in technology are becoming increasingly critical. The vehicle corner will be one of the main areas of innovation in software-defined vehicles. Brembo is well positioned to lead this evolution, extending its leadership in braking systems to include intelligent vehicle control.”
Results at 30 June 2026
Brembo N.V.’s Board of Directors, chaired by Matteo Tiraboschi, examined and approved the Group’s results at 30 June 2026.
Consolidated net revenues amounted to €1,920.4 million in the first six months of 2026, up 2.1% compared to H1 2025 (+4.4% at constant exchange rates).
In the reporting period, the Brembo Group's car segment remained substantially stable at +0.5% compared to H1 2025, whereas motorcycles grew by 10.0% and commercial vehicles by 8.1%. The racing segment, which included Öhlins’ revenues, declined by 1.3%.
At geographical level, H1 2026 sales rose in Italy (+1.5%), France (+20.3%) and the United Kingdom (+2.0%; +1.4% at constant exchange rates), whereas they declined in Germany (-2.5%). North America (USA, Mexico and Canada) also grew by +3.6% (+9.9% at constant exchange rates), as did South America (Brazil and Argentina), up +12.1% (+7.5% at constant exchange rates), and India, up +7.6% (+23.9% at constant exchange rates). China’s sales fell by 11.2% (-10.2% at constant exchange rates).
At 30 June 2026, the cost of sales and other net operating costs amounted to €1,194.0 million, with a 62.2% ratio to sales, slightly down compared to the first half of the previous year (63.4% of sales, equal to €1,192.3 million).
Personnel expenses amounted to €417.2 million, with a 21.7% ratio to sales, increasing compared to the same period of the previous year (20.9% of sales, equal to €393.1 million).
At 30 June 2026, Brembo people numbered 16,606, compared to 16,452 at 31 March 2026 and 15,875 at 31 December 2025.
EBITDA amounted to €316.7 million (EBITDA margin: 16.5%) at 30 June 2026 compared to €300.9 million for H1 2025 (EBITDA margin: 16.0%).
EBIT amounted to €175.7 million (EBIT margin: 9.1%) compared to €162.4 million for H1 2025 (EBIT margin: 8.6%).
Net interest expense for the first half of the year totalled €14.0 million (€21.5 million at 30 June 2025) and included interest expense amounting to €18.0 million (€16.9 million at 30 June 2025) and net exchange gains of €4.0 million (net exchange losses of €4.6 million at 30 June 2025).
Pre-tax profit was €162.1 million compared to €141.1 million at 30 June 2025.
Based on the tax rates applicable under current tax regulations in force in each country, estimated taxes amounted to €43.4 million (€40.5 million at 30 June 2025), with a tax rate of 26.8%.
The period ended with net profit of €117.6 million compared to €97.9 million at 30 June 2025 (+20.1%).
In the reporting period, net investments amounted to €132.5 million, of which €5.0 million due to increases in leased assets.
Net financial debt at 30 June 2026 amounted to €798.6 million, down €136.9 million compared to 30 June 2025.
Outlook for 2026
Brembo has revised its guidance for 2026 upwards compared to the previous one issued on 7 May:
- Revenues up by about 5% at constant exchange rates (improved compared to the 3% announced on 7 May);
- EBITDA margin at around 16.5%;
- Investments at about €350 million;
- Net financial debt below €700 million.
In light of the volatile geopolitical and macro-economic environment, which limits visibility on market performance, the Brembo Group will constantly monitor developments in the relevant context, updating its guidance accordingly.
For information:
Luca Di Leo - Chief Communications Officer
E-mail: luca.dileo@brembo.com
Daniele Zibetti - Corporate Communications Manager
E-mail: daniele.zibetti@brembo.com
Roberto Grazioli - Chief Investor Relations Officer
E-mail: roberto.grazioli@brembo.com
Laura Panseri - Investor Relations Senior Manager
E-mail: laura.panseri@brembo.com
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