Brembo:

solid

results

in

Q3

06 November 2025

Results of the third quarter and of the first 9 months 2025

Brembo Executive Chairman Matteo Tiraboschi stated: “The performance in the third quarter reflects the still complex global market scenario. However, our results show the Group’s solidity in facing the current challenging phase of the automotive industry. The EBITDA margin, at 17.8%, is above the guidance provided to the market at the beginning of 2025. Although we have implemented a buy-back plan and are forging ahead with our strategic investment plan, we have reduced our debt. We also completed the expansion of the production capacity of high-tech carbon-ceramic discs of our German-Italian joint venture (BSCCB), in addition to launching the first caliper made with recycled aluminium. These developments confirm once again our relentless commitment to innovation.”

Results at 30 September 2025

Brembo’s Board of Directors, chaired by Matteo Tiraboschi, examined and approved the Group’s results at 30 September 2025.

Consolidated net revenues amounted to €2,790.0 million, down 4.7% (-3.3% on a like-for-like exchange rate basis) compared to the first nine months of the previous year. 
In the reporting period, Brembo's car segment declined by 6.0%, partly offset by the good performance of the aftermarket segment.
Motorbike applications decreased by 12.3% and applications for commercial vehicles by 12.0% compared to the first nine months of 2024. The racing segment, which included the revenues from the newly acquired Öhlins, grew by 47.7%.

At geographical level, Brembo's sales rose by 2.0% in Italy, by 9.6% in France and by 2.4% in the United Kingdom (+1.8% on a like-for-like exchange rate basis), whereas they declined by 4.7% in Germany. 
India dropped by 1.8% (+4.7% on a like-for-like exchange basis) and China by 9.4% (-6.8% on a like-for-like exchange basis).
The North American market (USA, Mexico and Canada) declined by 9.1% (-6.8% on a like-for-like exchange rate basis), whereas the South American market (Brazil and Argentina) grew by 9.7% (+21.2% on a like-for-like exchange rate basis).

At 30 September 2025, the cost of sales and other net operating costs amounted to €1,759.9 million, with a 63.1% ratio to sales, declining in percentage terms compared to the same period of the previous year (64.6% of sales, equal to €1,892.6 million).

Personnel expenses amounted to €573.6 million, with a 20.6% ratio to sales, increasing compared to the same period of the previous year (18.7% of sales, equal to €546.1 million). 
At 30 September 2025, Brembo People numbered 15,973, compared to 15,849 at 30 September 2024 and 15,461 at 31 December 2024.

EBITDA amounted to €462.8 million (EBITDA margin: 16.6%) at 30 September 2025 compared to €501.1 million (EBITDA margin: 17.1%) for the same period of 2024. 
EBIT amounted to €255.9 million (EBIT margin: 9.2%) compared to €302.0 million (EBIT margin: 10.3%) for the same period of 2024.

Net interest expense for the period totalled €27.0 million (€37.1 million at 30 September 2024) and included interest expense amounting to €26.0 million (€21.6 million at 30 September 2024) and net exchange losses of €1.0 million (€15.5 million at 30 September 2024).

Pre-tax profit was €229.0 million compared to €276.0 million at 30 September 2024. 
Based on the tax rates applicable under current tax regulations in force in each country, estimated taxes amounted to €62.5 million (€76.1 million at 30 September 2024), with a tax rate of 27.3% in line with 27.6% for the same period of the previous year.

The period ended with a net profit of €162.8 million compared to €197.2 million for the same period of the previous year.

In the reporting period, net investments amounted to €291.4 million, of which €14.2 million due to increases in leased assets.

Net financial debt at 30 September 2025 amounted to €847.2 million, down €88.3 million compared to 30 June 2025. 
 

Outlook 

In a still complex and unstable geopolitical and macroeconomic scenario, for 2025 Brembo expects, assuming constant exchange rates and with the same perimeter, revenues slightly below those of 2024 (-2%). Despite an extremely challenging scenario, Brembo confirms an EBITDA margin above 16%. Additionally, Brembo confirms investments at €400 million for the full year and a net debt of approximately €780 million.

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