Bound2021 was very positive for the Italian company Brembo. The price increases of raw materials and the Covid pandemic have not caused too many problems, and in fact Brembo’s growth has been confirmed with a net profit of 215.5 million euros (+ 57.9%), while revenues were recorded in the balance sheet at 2.78 billion (+ 25.8%). Thanks to the results obtained, the board of directors will propose to the shareholders’ meeting the distribution of a dividend of 0.27 euros per share.
Brembo’s executive chairman, Matteo Tiraboschi, commented: “The company generated higher revenues even in 2019 and maintained its profitability, although the market environment was affected by the strong negative impact of commodity inflation and the shortage of semiconductors. The contribution comes from all geographies and from all business segments in which Brembo operates. In particular, the completion of two acquisitions during 2021, SBS Friction in Denmark and J.Juan in Spain, has allowed us to complete our offer of high-tech braking systems in the strategic two-wheeler market. These operations, combined with the opening of the first Brembo Inspiration Lab in California’s Silicon Valley and the presentation of the new Sensify intelligent braking system, reflect Brembo’s attention to customer needs. Despite the complexity of the market scenario and the geopolitical tensions, we look to the new year on the strength of a solid strategic pathtraced in the direction of the continuous innovation of our solutions, in the wake of digitalization and sustainable development“.
At a geographical level, in the period under review all the markets in which the Group operates increased compared to the previous year. Sales in Italy grow by 31.1%, in Germany by 24.6%, in France by 15.1%, in the United Kingdom by 17.7%. As regards non-European countries, India grew by 28.2% (+ 32.4% at constant exchange rates), China by 28.8% (+ 25.2% at constant exchange rates), while Japan closed at + 12.1% (+ 11.1% at constant exchange rates). South America grew by 22.0% (+ 31.2% at constant exchange rates), while North America (USA, Canada and Mexico) increased by 25.2% (+ 29.1% at constant exchange rates). As regards the market segments, applications for cars increased by 22.1%, those for motorcycles by 55.2% (+ 42.6% on a like-for-like consolidation basis), commercial vehicles by 26.3%, while the competition sector grows by 22.7%.
Today Brembo carefully observes the evolution of the Russia-Ukraine crisiseven considering that the direct impact on the group is limited, as it does not have a production presence in that area and the exposure to customers in the region is limited, while the control over the procurement of raw materials and production costs remains strong.
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