Brembo

Q1

2026

Results

07 May 2026

Q1 2026 results:

Brembo Executive Chairman Matteo Tiraboschi stated: “The first quarter of the year closed with solid results, despite a geopolitical and market context that remains complex. Margins are on the rise and cash generation further strengthens the Group’s financial structure. Looking ahead, we have announced important developments about Sensify, our intelligent braking platform: the start of series production for a leading global manufacturer and the signing of new contracts are paving the way for large-scale adoption in the coming years.”

Results at 31 March 2026

Brembo N.V.’s Board of Directors, chaired by Matteo Tiraboschi, examined and approved the Group’s results at 31 March 2026.

Consolidated net revenues amounted to €937.4 million, down 2.1% compared to the first quarter of 2025, and up 1.9% on a like-for-like exchange rate basis.
 

In the reporting period, the Brembo Group's car segment declined by 3.4% and that of commercial vehicles by 1.1%, whereas motorcycles grew by 6.7% compared to the same period of the previous year. The racing segment decreased by 4.0%.

In the same period, at geographical level, sales dropped by 3.3% in Italy and by 2.0% in Germany, whereas they rose by 12.8% in France and by 2.3% in the United Kingdom (+1.9% on a like-for-like exchange rate basis). The North American market (USA, Mexico and Canada) declined by 3.2% (+6.6% on a like-for-like exchange rate basis), whereas the South American market (Brazil and Argentina) grew by 8.5% (+8.6% on a like-for-like exchange rate basis). Sales grew by 7.1% in India (+25.5% on a like-for-like exchange basis), whereas they decreased by 14.7% in China (-9.8% on a like-for-like exchange rate basis). 
 

At 31 March 2026, the cost of sales and other net operating costs amounted to €581.0 million, with a 62.0% ratio to sales, a lower percentage compared to the first quarter of the previous year (63.5% of sales, equal to €608.0 million).

Personnel expenses amounted to €205.4 million, with a 21.9% ratio to sales, increasing compared to the same period of the previous year (20.6% of sales, equal to €197.3 million). 
At 31 March 2026, Brembo people numbered 16,452, compared to 15,875 at 31 December 2025 and 16,196 at 31 March 2025.
 

EBITDA amounted to €154.7 million (EBITDA margin: 16.5%) at 31 March 2026, up 0.9% compared to €153.3 million for Q1 2025 (EBITDA margin: 16.0%).

EBIT amounted to €85.9 million (EBIT margin: 9.2%) compared to €83.5 million for Q1 2025 (EBIT margin: 8.7%).

Net interest expense for the quarter totalled €7.0 million (€9.3 million at 31 March 2025) and included interest expense amounting to €9.4 million (€8.0 million at 31 March 2025) and net exchange gains of €2.4 million (net exchange losses of €1.3 million at 31 March 2025).

Pre-tax profit was €79.1 million compared to €74.2 million at 31 March 2025.
Based on the tax rates applicable under current tax regulations in force in each country, estimated taxes amounted to €21.4 million (€21.3 million at 31 March 2025), with a tax rate of 27.1% compared to 28.7% for the previous year. 
The period ended with net profit at €56.9 million compared to €51.1 million at 31 March 2025.

In the reporting period, net investments amounted to €72.1 million, of which €6.6 million due to increases in leased assets.

Net financial debt at 31 March 2026 was €692.9 million, down by €26.3 million compared to 31 December 2025 and by €85.7 million on 31 March 2025. 
 

Brembo announces the start of series production of Sensify™ for a leading global manufacturer and the signing of new contracts

On 4 May, Brembo announced that Sensify™, the new standard in intelligent braking, entered production for a leading global vehicle manufacturer. Sensify™ is fitted as standard on 100% of the vehicles in the program, confirming the platform’s readiness for full industrial deployment.
This announcement marks a significant milestone in the Group’s journey of technological innovation and in the evolution of braking systems toward a truly software-defined future.
Sensify™ was born as a fluid-free architecture that distributes intelligence at wheel level, removing hydraulic circuits and centralized actuation. This innovative approach enables accurate and continuous modulation of braking forces, supporting stable and controlled vehicle behavior in complex and highly variable driving conditions, enhancing peace of mind.
In addition to launching Sensify™ production for a major global manufacturer, Brembo has recently signed further contracts with new customers. As a result, the Group expects to equip hundreds of thousands of vehicles per year, paving the way for large-scale deployment of Sensify™ and reinforcing the company’s ambition to help shape a Zero Accident future.
 

Significant Events After 31 March 2026

The Annual General Meeting of Brembo N.V., held on 29 April, approved the Financial Statements for the year ended 31 December 2025 and a gross dividend of €0.30 per each ordinary share outstanding, with payment as of 20 May 2026, ex-coupon No. 3 on 18 May 2026, and record date on 19 May 2026.

The AGM also appointed the following Directors:

• Executive Directors:
  • Matteo Tiraboschi¹ (Executive Chairman), Daniele Schillaci (CEO) and Cristina Bombassei, in office until the 2029 AGM called to approve the Annual Report for the year ending 31 December 2028;
  • Roberto Vavassori², in office until the 2028 AGM called to approve the Annual Report for the year ending 31 December 2027;
• Non-Executive Directors: Manuela Soffientini (Lead Non-Executive Director), Alessandra Cozzani, Elisabetta Magistretti, Umberto Nicodano, Andrea Pirondini, Elizabeth M. Robinson and Gianfelice Rocca, in office until the 2029 AGM called to approve the Annual Report for the year ending 31 December 2028.

Outlook for 2026

Brembo has revised its guidance for 2026, improving it compared to the previous indications released on 18 March:

• Revenues +3% on a like-for-like exchange rate basis (previous: in line with FY 2025);
• EBITDA margin at around 16.5%;
• Investments at about €350 million;
• Net financial debt below €700 million. 

In a geopolitical and macroeconomic environment that makes forecasting very difficult, the Brembo Group will continue to monitor developments in the international context and the sector, and will update its guidance accordingly.

¹ To date, he holds 120,000 Brembo N.V. ordinary shares.

² To date, he holds 9,370 Brembo N.V. ordinary shares.

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