05 November 2026
Results of the third quarter and of the first 9 months 2026
(€ million) | Q3 2026 | Q3 2025 | Change | 9M 2026 | 9M 2025 | Change |
|---|---|---|---|---|---|---|
Revenues | 961.6 | 909.0 | +5.8% | 2,882.0 | 2,790.0 | +3.3% |
EBITDA | 158.4 16.5% | 161.9 17.8% | -2.2% | 475.0 16.5% | 462.8 16.6% | +2.6% |
EBIT | 86.9 9.0% | 93.5 10.3% | -7.0% | 262.6 9.1% | 255.9 9.2% | +2.6% |
Net profit | 57.7 6.0% | 65.0 7.1% | -11.1% | 175.3 6.1% | 162.8 5.8% | +7.7% |
Net Financial Debt | 727.8 | 847.2 | -119.4 | |||
Brembo Executive Chairman Matteo Tiraboschi stated: “In the first nine months of the year, Brembo grew despite a still declining global automotive market. The confirmation of the 2026 guidance reflects the Group’s solidity and its ability to achieve its strategic priorities. We are forging ahead with our significant investment plan for this year, aimed at supporting innovation, the development of our technology and the upgrade of our production plants worldwide.”
Results at 30 September 2026
Brembo N.V.’s Board of Directors, chaired by Matteo Tiraboschi, examined and approved the Group’s results at 30 September 2026.
Consolidated net revenues amounted to €2,882.0 million in the first nine months of 2026, up 3.3% compared to 9M 2025 (+4.5% at constant exchange rates).
In the reporting period, the Brembo Group's car segment rose by 1.6% compared to the same period of the previous year, while motorcycles grew by 12.3% and commercial vehicles by 10.1%. The racing segment, which includes Öhlins’ revenues, declined by 0.8%.
In the period, sales remained essentially stable in Italy (-0.6%), whereas they grew by 1.3% in Germany, by 19.6% in France, and by 6.7% in the United Kingdom (+6.2% at constant exchange rates). Sales rose by 7.5% in India (+21.0% at constant exchange rates), and declined by 9.0% in China (-10.4% at constant exchange rates).
North America (USA, Mexico and Canada) grew by 7.0% (+10.8% at constant exchange rates) and South America (Brazil and Argentina) by 11.1% (+5.4% at constant exchange rates).
At 30 September 2026, the cost of sales and other net operating costs amounted to €1,802.9 million, with a 62.6% ratio to sales, slightly down compared to the first nine months of the previous year (63.1% of sales, equal to €1,759.9 million).
Personnel expenses amounted to €615.2 million, with a 21.3% ratio to sales, increasing compared to the same period of the previous year (20.6% of sales, equal to €573.6 million).
At 30 September 2026, Brembo people numbered 16,798, compared to 16,606 at 30 June 2026 and 15,875 at 31 December 2025.
EBITDA amounted to €475.0 million (EBITDA margin: 16.5%) at 30 September 2026 compared to €462.8 million (EBITDA margin: 16.6%) for the same period of the previous year.
EBIT amounted to €262.6 million (EBIT margin: 9.1%) compared to €255.9 million (EBIT margin: 9.2%) for the same period of the previous year.
Net interest expense for the period totalled €24.3 million (€27.0 million at 30 September 2025) and included interest expense amounting to €27.7 million (€26.0 million at 30 September 2025) and net exchange gains of €3.3 million (net exchange losses of €1.0 million at 30 September 2025).
Pre-tax profit was €242.6 million compared to €229.0 million at 30 September 2025.
Based on the tax rates applicable under current tax regulations in force in each country, estimated taxes amounted to €65.6 million (€62.5 million at 30 September 2025), with a tax rate of 27.0%.
The period ended with net profit of €175.3 million compared to €162.8 million at 30 September 2025 (+7.7%).
In the reporting period, net investments amounted to €202.7 million, of which €9.8 million due to increases in leased assets.
Net financial debt at 30 September 2026 amounted to €727.8 million, down €119.4 million compared to 30 September 2025.
Outlook for 2026
The 2026 guidance, which had already been revised upwards as announced on 29 July, is confirmed, despite the ongoing macroeconomic and industry difficulties:
- Revenues up by about 5% at constant exchange rates;
- EBITDA margin at around 16.5%;
- Investments at about €350 million;
- Net financial debt below €700 million.
The Brembo Group will continue to closely monitor developments in the geopolitical and macroeconomic scenario, whose volatility continues to limit market visibility, and will update 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
Latest Press Releases