Brembo (BRE) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenues were €937.4 million, down 2.1% year-over-year, but up 1.9% at constant exchange rates; car applications declined 3.3–3.4% and motorcycle applications rose 6.7%.

• EBITDA increased 0.9% to €154.7 million (16.5% margin), and EBIT grew 3.0% to €85.9 million (9.2% margin).

• Net result rose 11.2% to €56.9 million, with EPS at €0.18.

• Sensify™, the intelligent braking platform, entered large-scale production and secured new contracts.

• Q1 2026 closed with strengthened cash generation amid complex geopolitical and market conditions.

Financial highlights

• Net financial debt stood at €692.9 million, down €26.3 million from December 2025 and €85.7 million from March 2025.

• Net financial charges improved to €6.9 million from €9.3 million in Q1 2025.

• Result before taxes rose 6.6% to €79.1 million (8.4% of sales).

• Net investments/capex for the quarter totaled €72.1 million, representing 7.0% of revenue.

• Net debt/EBITDA ratio at 1.1x.

Outlook and guidance

• 2026 revenue growth guidance revised to +3% at constant exchange rates, with EBITDA margin expected at 16.5%.

• Total capex/investments projected at €350 million and net financial debt forecasted below €700 million.

• The company will continue to monitor the volatile geopolitical and macroeconomic environment and update guidance as needed.