FY

2024

Results

18 March 2025

Results at 31 December 2024:

Revenues at €3,840.6 million (-0.2%; +0.1% on a like-for-like exchange rate basis)

EBITDA at €661.1 million (EBITDA margin: 17.2%); EBIT at €393.3 million (EBIT margin: 10.2%)

Net investments at €497.5¹ million

Net financial debt at €360.4 million (€121.9 million prior to the application of IFRS 16), down €94.4 million compared to 31 December 2023

Brembo Executive Chairman Matteo Tiraboschi stated: “In a year of great difficulties for the automotive sector, especially in Europe, Brembo has shown great solidity and adaptability and this makes us confident for the future. The results achieved in 2024 are in line with the objectives announced to the market. Despite the complex scenario, Brembo continued to invest. The acquisition of Öhlins — the leading manufacturer of suspension technology — has been the most important transaction in Brembo’s history and strengthens our market position. With the technological agreement with Michelin, we are committed to revolutionising vehicle performance and offering even higher safety and comfort standards. With the new production plant in Thailand, already operational as of this year, we have expanded the Group’s global industrial footprint. Thanks to our ability to innovate, we face every challenge with courage and long-term vision.”

Outlook

In a context of great uncertainty and in light of the performance of the first months of 2025, on a like-for-like basis, Brembo expects a revenue decline of approximately 5% compared with the previous year. However, with the consolidation of Öhlins and if the geopolitical scenario and trade tensions stabilise in the second half of the year, the Group anticipates revenue in line with 2024.

Calling of General Shareholders' Meeting – 29 April 2025

Today, the Board of Directors called the General Shareholders’ Meeting on 29 April at 
11:00 a.m. (CET), at the Sheraton Hotel Schiphol Airport, in Schiphol Boulevard 101, 1118 BG Amsterdam, The Netherlands. 
 

The General Shareholders’ Meeting will be held in person. Shareholders who will not attend in physical presence may provide in advance Computershare S.p.A. with their voting instructions through the proxy form or via the online procedure made available on the company’s website: Shareholders' Meeting | Brembo Corporate website EN

Among the items on the Agenda, the Board of Directors resolved to submit the following matters to the General Shareholders’ Meeting:

• Examination and approval of the Financial Statements for the year ended 31 December 2024.
• The following proposal for the distribution of profit of the Parent, amounting to €163.8 million:
  • a gross ordinary dividend of €0.30 per ordinary share outstanding at ex-coupon date;

  • the remaining amount carried forward.

    It will also be proposed that dividends be paid as of 21 May 2025, ex-coupon No. 2 on 19 May 2025 (record date: 20 May 2025).

• Remuneration policy for 2025, 2026 and 2027.
• Plan for the buy-back of own shares. The proposal envisages that the Board of Directors may purchase, in one or more tranches, up to a maximum of 10,000,000 ordinary shares, for a minimum price not lower than the closing price of the shares during the trading session on the day before each transaction is undertaken, reduced by 10%, and for a maximum price not higher than the closing price of the shares during the trading session on the day before each transaction is undertaken, increased by 10%. 
  The authorisation is requested for a period of 18 months from the date of the resolution by the General Shareholders' Meeting and for a maximum amount of €180,000,000, which is adequately covered by the available net reserves recognised in the balance sheet. 
  At present, the Company holds 15,051,860 own ordinary shares and 6,363,972 special voting shares A. For further details, see: Stock information | Brembo Corporate website EN

The notice of calling and the documentation relating to the General Shareholders' Meeting will be available as of today on 1info and on the company’s website at the following link: Shareholders’ Meeting | Brembo.

Brembo Group’s Annual Report for the year ended 31 December 2024, approved by the Board of Directors, will be available as of today on the company’s website www.brembogroup.com, as well as in the authorised central storage mechanism at www.1info.it.
 

For information:

Luca Di Leo - Chief Communications Officer

E-mail: luca.dileo@brembo.com 

Daniele Zibetti - Corporate Media Relations

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