Brembo Sales Surge in 2023

Brembo, the global leader in automotive brake systems, has reported a robust performance for the first nine months of 2023. The company’s revenues escalated to €2,919 million, a 7% increase compared to the same period last year, even amid a turbulent economic and geopolitical climate.

Why It Matters

The growth trajectory Brembo is experiencing is crucial as it demonstrates the company’s resilience and adaptability in a challenging market. This is especially significant considering the varied performance across different markets, with substantial growth in some areas and a slight decline in others.

Key Points

  • Revenue Growth: Brembo’s consolidated net revenues jumped by 7.0%, reaching nearly €3 billion, with even higher growth at constant exchange rates.
  • Sector Performance: The automotive sector saw a 7.9% increase, commercial vehicles rose by 6.9%, and racing applications leaped by 15.3%. However, motorcycle applications slightly declined.
  • Geographical Expansion: Sales advanced across multiple regions, with notable increases in Germany (13.8%) and South America (30.6%), while China experienced a decrease.
  • Financial Health: EBITDA reached €500.2 million, and the company reported a net profit of €231.1 million, though slightly lower than the previous year.
  • Investment and Innovation: Brembo continues to invest in innovation and maintain positive cash flows, reducing net debt while funding ambitious investment programs.
  • Employment Growth: The number of Brembo employees has increased, supporting its expansion.

Bottom Line

Brembo’s financial results are a testament to the company’s enduring strength and strategic approach in a fluctuating global landscape. With increased revenues and sustained investment in innovation and workforce, Brembo is positioned for continued success, despite market adversities and a slight downturn in net profits. Looking ahead, Brembo anticipates revenue growth in the mid to high single digits for the current year, maintaining a stable margin percentage in line with the previous year’s performance.


The Brake Report
The Brake Report

The BRAKE Report is an online media platform dedicated to the automotive and commercial vehicle brake segments. Our mission is to provide the global brake community with the latest news & headlines from around the industry.