IN 2012 REVENUES GREW TO ?1,388.6 MILLION (+10.7%), NET PROFIT LEAPED TO ?77.8 MILLION (+81.1%).
05 Marzo 2013 - 1:15PM
Annunci Borsa (Testo)
Stezzano, 5 March 2013
IN 2012 REVENUES GREW TO 1,388.6 MILLION (+10.7%), NET PROFIT
LEAPED TO 77.8 MILLION (+81.1%).
Compared to the 31 December 2011 results: Revenues grew (+10.7% to
1,388.6 million) thanks to the positive contribution of car,
motorbike and racing applications. Go o d margin performance:
EBITDA +15.3% to 171.6 million; EBIT +21.9% to 89.4 million Net
profit grew by 81.1% to 77.8 million Proposal to distribute a
dividend of 0.40 per share (+33.3% compared to the 2011 dividend)
In the year, investments to complete new industrial plants in
Poland, the Czech Republic and China and increase the capacity of
other production plants totalled 135.6 million. Net financial Debt
amounted to 320.7 million, in line with the previous year. Results
at 31 December 2012
( million) Revenues EBITDA
% on revenues
2012 1,388.6 171.6
1 2 .4 %
2011 1,254.5 148.8
1 1 .9 %
Change 1 0 .7 % 1 5 .3 % 2 1 .9 % 5 1 .3 % 8 1 .1 % 5 .7
EBIT
% on revenues
89.4
6 .4 %
73.3
5 .8 %
Pretax profit
% on revenues
82.8
6 .0 %
54.7
4 .4 %
Net profit
% on revenues
77.8
5 .6 %
42.9
3 .4 %
Net financial debt
320.7
315.0
Fourth Quarter 2012 Results
( million) Revenues EBITDA
% on revenues
2012 344.0 43.0
1 2 .5 %
2011 309.5 34.5
1 1 .1 %
Change 1 1 .2 % 2 4 .8 % 3 7 .3 % 180.4% 134.4%
EBIT
% on revenues
20.8
6 .0 %
15.1
4 .9 %
Pretax profit
% on revenues
21.0
6 .1 %
7.5
2 .4 %
Net profit
% on revenues
28.8
8 .4 %
12.3
4 .0 %
The Chairman Alberto Bombassei: "Brembo continued to report an
increase in sales and profitability at a global level, thanks to
its ability to drive innovation and manage manufacturing plants
located throughout the world, despite the crisis which has greatly
affected the car market in Italy and Southern Europe. The balanced
international growth and the positive order book in early 2013
allow us to be confident of our results also for the first part of
the year."
1/9
Group's Consolidated Results for 2012 During the today's meeting,
the Board of Directors of Brembo, chaired by Alberto Bombassei,
examined and approved Brembo Group's results as of 31 December
2012. Net consolidated revenues amounted to 1,388.6 million, up by
10.7% compared to the previous year (1,254.5 million). Car
applications, which grew by 16.2% compared to the previous year,
race applications (+6.3%) and motorbike applications (+3.6%) most
contributed to the growth of the Group's revenues. Sales of
commercial vehicles decreased by 5.1%, reflecting Europe's ongoing
weak economic situation. At a geographical level, the areas which
most contributed to the growth were Germany, with sales up 20.5%
compared to 2011, and North America, up over 30%. Germany
reaffirmed its position as Brembo Group's main market, accounting
for 23.7% of total revenues, followed by North America (22.5% of
revenues) and Italy (15% of revenues). Italy and France were
affected by the difficult situation of the European car sector and
decreased by 7.1% and 3.4%, respectively, compared to FY 2011. In
contrast, the UK market grew by 18.8%. The Indian market dropped by
5% in 2012: on a like-for-like exchange rate basis, it rose by
0.5%. China and Japan also performed well, growing by 9% and 7.7%,
respectively. At the end of the year, Brazil declined by 0.9%;
however, figures for Q4 2012 only showed an opposing trend (+33.5%)
compared to the decrease of the first nine months. The cost of
sales and other net operating costs amounted to 939.1 million in
2012, representing 67.6% of revenues, essentially in line with the
figure of 67.9% for the previous year. Personnel costs amounted to
277.9 million or 20% of revenues, slightly decreasing compared to
the previous year (20.3%). Personnel at 31 December 2012 numbered
6,937, 202 more than 6,735 of the previous year. EBITDA amounted to
171.6 million (12.4% of revenues), up by 15.3% compared to the
previous year. EBIT amounted to 89.4 million (6.4% of revenues), up
by 21.9% compared to year-end 2011. Net interest expenses were 6.5
million (17.2 million in 2011) and consisted of exchange gains of
5.1 million (compared to exchange losses of 6.3 million in 2011)
and other net interest expenses of 11.6 million (10.8 million in
the previous year). It should be noted that the exchange
differences are mere accounting items generated by the translation
in Euro of funding denominated in foreign currencies. Pre-tax
profit was 82.8 million (54.7 million at year-end 2011). Based on
the tax rates applicable under current tax regulations, estimated
taxes amounted to 5.1 million (11.4 million in 2011), with a tax
rate of 6.1% compared to 20.8% of the previous year.
2/9
The significant tax rate decrease was mainly attributable to two
factors: on the one hand, deferred tax assets arising from the tax
benefits obtained in the Polish special economic zone, where the
new foundry producing brake discs is located (Dbrowa Górnicza). On
the other hand, income was recognised in connection with the
application for a refund of corporate income tax (IRES) due to
non-deduction of regional production tax (IRAP) pertaining to
personnel costs, in accordance with the provisions of the so-called
Save-Italy Decree (Italian Legislative Decree 201/2011). Net profit
attributable to the Group for 2012 was 77.8 million, up 81.1%
compared to 42.9 million for the previous year. Net financial debt
at 31 December 2012 was 320.7 million, compared to 315 million for
the previous year. Results for the Fourth Quarter 2012 In Q4 2012,
the Group's net consolidated revenues amounted to 344 million, up
11.2% compared to Q4 2011. EBITDA amounted to 43 million, up 24.8%
compared to Q4 2011, with a ratio of 12.5% to revenues. EBIT
amounted to 20.8 million, up 37.3% compared to the same period of
2011, with a ratio of 6% to sales. Taxes for the fourth quarter are
in credit due to recognition of deferred tax assets as illustrated
in the previous paragraph. Net profit for the quarter was 28.8
million, up 134.4% compared to 12.3 million for Q4 2011. Results of
the Parent Company Brembo S.p.A. Revenues of the Parent Company
Brembo S.p.A. amounted to 640.5 million for 2012, slightly up
compared to the previous year. Net profit was 35.3 million, up
63.4% compared to the previous year. The General Shareholders'
Meeting will be called in accordance with the terms established by
applicable laws and regulations to approve, inter alia, the
following proposal for distributing the profit: a gross dividend of
0.40 per ordinary share outstanding at ex-coupon date, consequently
excluding own shares; the remaining amount carried forward. It will
also be proposed that dividends should be paid as of 16 May 2013,
ex-coupon No. 21 on 13 May 2013. Plan for the Buy-back and Sale of
Own Shares Today, the Board of Directors also approved the proposal
for a new buy-back plan to be submitted to the forthcoming General
Shareholders' Meeting, aimed at: undertaking investments, also with
the aim of supporting the liquidity of Company's stock, so as to
foster the regular conduct of trading beyond normal fluctuations
related to market performance; giving effect to any share-based
incentive plans for the directors, employees and collaborators of
the company and/or its subsidiaries; and pursuing any swap
transactions with equity investments as part of industrial
projects.
3/9
Under the proposal, the Board of Directors would be allowed to buy
and/or dispose of, on one or more tranches, a maximum of 2,680,000
ordinary shares for a minimum price of 0.52 and a maximum price of
14.00 each. Authorisation will be requested for a period of 18
months from the date of the resolution of the Shareholders' Meeting
that grants said authorisation. At present, the Company holds
1,747,000 own shares representing 2.616% of share capital. Outlook
Order book forecasts confirm that revenues will continue to rise
also in 2013. The gradual saturation of the plants completed in the
period 2010-2012 will contribute positively to the growth of
margins, as previously announced.
The manager in charge of the Company's financial reports, Matteo
Tiraboschi, declares, pursuant to paragraph 2 of Article 154-bis of
Italy's Consolidated Law on Finance, that the accounting
information contained in this press release corresponds to the
documented results, books and accounting records. Annexed hereto
are the Income Statement, Balance Sheet and Cash Flow Statement for
which the auditing process by the independent auditors is currently
underway.
Company contacts:
Investor Relator Matteo Tiraboschi Tel. +39 035 605 2899 Email:
ir@brembo.it www.brembo.com Communications Manager Thanai
Bernardini Tel. +39 035 605 2277 +39 335 7245418 Email:
press@brembo.it
4/9
CONSOLIDATED IN COME STATEMEN T
(euro mi l l i o n) Sal e s of goods and se rvi c e s Othe r re ve
nue s a nd i ncom e Cos ts for c a pi ta l i s e d i nte rna l
works Ra w ma te ri a l s , cons uma bl e s a nd goods Othe r ope
ra ti ng cos ts P e rs o nne l e x pe ns e s GROSS OPERATING INCOM
E % of sal es of goods and servic es D e p r e c i a t i o n, a m o
r t i s a t i on a nd i m p a i r m e nt l os s e s NET OPERA TING
INCOME % of sal es of goods and servic es Ne t i nte re s t i ncom
e (e xpe ns e ) Inte re s t i ncome (e xpe ns e ) from i nve s tme
nts RESULT BEFORE TAXES % of sal es of goods and servic es Ta xe s
RESULT BEFORE M INORITY INTERESTS % of sal es of goods and servic
es Mi nori ty i nte re s ts NET RESULT FOR THE PERIOD % of sal es
of goods and servic es BA SIC/DILUTED EA RNINGS PER SHA RE (e uro)
3 1 .1 2 .2 0 1 2 1 ,3 8 8 . 6 14 .9 11 .5 (7 1 5 .4 ) (2 5 0 .1 )
(2 7 7 .9 ) 1 7 1 .6 1 2 .4 % (8 2 .2 ) 8 9 .4 6 .4 % (6 .5 ) (0 .2
) 8 2 .8 6 .0 % (5 .1 ) 7 7 .7 5 .6 % 0 .1 7 7 .8 5 .6 % 1 .1 9 3 1
.1 2 .2 0 1 1 1 ,2 5 4 .5 1 4 .8 1 1 .9 (6 4 0 .3 ) (2 3 7 .7 ) (2
5 4 .3 ) 1 4 8 .8 1 1 .9 % (7 5 .4 ) 7 3 .3 5 .8 % (1 7 .2 ) (1 .5
) 5 4 .7 4 .4 % (1 1 .4 ) 4 3 .3 3 .5 % (0 .4 ) 4 2 .9 3 .4 % 0 .6
6 Change 1 3 4 .1 0.1 (0 .4 ) (7 5 .1 ) (1 2 .4 ) (2 3 .6 ) 2 2 .8
(6 .7 ) 1 6 .1 1 0.7 1.3 2 8 .1 6.3 3 4 .3 0.5 3 4 .8 % 1 0 .7 % 0
.9% -3 .1 % 11 .7% 5 .2% 9 .3% 1 5 .3 % 8 .9% 2 1 .9 % -6 2 .4 % -8
5 .7 % 5 1 .3 % -5 5 .4 % 7 9 .2 % -1 1 9 .7 % 8 1 .1 % Q 4 '1 2 3
4 4 .0 6.0 2.6 (1 7 9 .1 ) (6 0 .6 ) (6 9 .9 ) 4 3 .0 1 2 .5 % (2 2
.2 ) 2 0 .8 6 .0 % (0 .6 ) 0.9 2 1 .0 6 .1 % 7.7 2 8 .8 8 .4 % 0.0
2 8 .8 8 .4 % 0 .4 4 Q 4' 1 1 3 0 9 .5 6 .6 3 .3 (1 6 0 .1 ) (5 5
.8 ) (6 9 .0 ) 3 4 .5 1 1 .1 % (1 9 .3 ) 1 5 .1 4 .9 % (6 .4 ) (1
.2 ) 7 .5 2 .4 % 4 .9 1 2 .4 4 .0 % (0 .1 ) 1 2 .3 4 .0 % 0 .1 9
Change 3 4 .5 (0 .6 ) (0 .7 ) (1 9 .0 ) (4 .8 ) (0 .9 ) 8 .5 (2 .9
) 5 .7 5.8 2.1 1 3 .5 2.8 1 6 .3 0.2 1 6 .5 % 1 1 .2 % -8 .7 % -2 1
.9 % 1 1.9% 8.6% 1.3% 2 4 .8 % 1 4.9% 3 7 .3 % -9 0 .4 % -1 7 1 .1
% 1 8 0 .4 % 5 6.5% 1 3 1 .3 % -1 2 5 .5 % 1 3 4 .4 %
5/9
CONSOLIDATED BALANCE SHEET
(eu ro mi l l i o n ) ASSETS NON-CURRENT ASSETS Prope rty, pl a nt,
e qui p me nt a nd othe r e qui pme nt D e ve l o p m e n t c o s t
s Goodwi l l a nd othe r i n de fi ni te us e ful l i fe a s s e ts
Othe r i nta ngi bl e a s s e ts Sha re hol di ngs va l ue d us i
ng the e qui ty me thod Othe r fi na nc i a l a s s e ts (i nc l
udi ng i nve s tme nts i n othe r c ompa ni e s a nd de ri va ti ve
s ) Re c e i va bl e s a nd othe r non-c urre nt a s s e ts De fe
rre d ta x a s s e ts TOTAL NON-CURRENT ASSETS CURRENT ASSETS I n
ve n t o r i e s Tra de re c e i va bl e s Othe r re c e i va bl e
s a nd c urre nt a s s e ts Curre nt fi na nc i a l a s s e ts a nd
de ri va ti ve s C a s h a n d c a s h e q u i va l e n t s TOTAL
CURRENT ASSETS TOTAL ASSETS EQ UITY AND L IABIL ITIES GROUP EQ UITY
Sha re c a pi ta l Othe r re s e rve s Re ta i ne d e a rni ngs /(l
o s s e s ) Ne t re s ul t for the pe ri od TOTAL GROUP EQ UITY
TOTAL M INORITY INTERESTS TOTAL EQ UITY NON-CURRENT L IABIL ITIES
Non-c urre nt pa ya bl e s to ba nks Othe r non-c urre nt fi n a nc
i a l pa ya bl e s a nd de ri va ti ve s Othe r non-c urre nt l i a
bi l i ti e s P r o vi s i o n s Provi s i ons for e mpl oye e be
ne fi ts De fe rre d ta x l i a bi l i ti e s TOTAL NON -CURRENT L
IABIL ITIES CURRENT L IABIL ITIES Curre nt pa ya bl e s to b a nks
Othe r c urre nt fi na nc i a l pa ya bl e s a nd de ri va ti ve s
Tra de pa ya bl e s Ta x pa ya bl e s Othe r c urre nt pa ya bl e s
TOTAL CURRENT L IABIL ITIES TOTAL L IABIL ITIES TOTAL EQ UITY AND L
IA BIL ITIES 3 4 .7 1 0 9 .4 1 6 6 .7 7 7 .8 3 8 8 .6 1 0 .5 3 9 9
.1 2 5 5 .3 1 5 .2 0 .6 8 .1 1 9 .6 8 .3 3 0 7 .1 1 7 0 .8 4 .9 2 4
7 .3 4 .8 8 4 .1 5 1 1 .9 8 1 9 .0 1 , 2 1 8 .1 3 4 .7 1 0 1 .8 1 4
4 .1 4 2 .9 3 2 3 .6 1 0 .3 3 3 3 .9 2 3 0 .8 2 3 .8 6 .6 5 .6 1 9
.6 8 .6 2 9 5 .0 1 5 8 .8 7 .1 2 6 6 .6 5 .7 6 5 .7 5 0 3 .8 7 9 8
.8 1 , 1 3 2 .7 0 .0 7 .6 2 2 .6 3 4 .8 6 5 .0 0 .2 6 5 .2 2 4 .5
(8 .6 ) (6 .0 ) 2 .4 0 .1 (0 .3 ) 1 2 .1 1 2 .0 (2 .2 ) (1 9 .3 )
(0 .8 ) 1 8 .4 8 .1 2 0 .2 8 5 .4 0 3 1 .1 2 .2 0 1 2 0 3 1 .1 2 .2
0 1 1 A-C Change
4 7 5 .4 4 3 .8 4 1 .8 1 7 .6 2 0 .5 0 .2 4 .0 3 5 .5 6 3 8 .8 2 0
7 .1 2 0 2 .3 4 4 .5 9 .9 1 1 5 .6 5 7 9 .3 1 , 2 1 8 .1
4 0 6 .6 4 1 .4 4 2 .3 1 9 .1 2 0 .8 0 .2 2 .8 2 3 .5 5 5 6 .6 2 2
5 .0 2 0 8 .3 3 7 .2 9 .8 9 5 .7 5 7 6 .1 1 , 1 3 2 .7
6 8 .8 2 .4 (0 .5 ) (1 .5 ) (0 .3 ) 0 .0 1 .1 1 2 .1 8 2 .1 (1 7 .9
) (6 .0 ) 7 .2 0 .1 1 9 .9 3 .2 8 5 .4
6/9
CONS OLIDATED CAS H-FLOW S TATEMEN T
(euro mi l l i on) Cash and c ash e qui vale nts at be gi nni ng of
pe ri od Re sult for the pe riod be fore taxe s D e pre c i a ti
on, a mort i s a ti on/Impa i rme nt l os s e s Ca pi t a l ga i ns
/l o s s e s Wri te -ups /Wri t e -downs o f s h a re hol di ngs Fi
na nc i a l port i o n of de fi ne d fun ds a nd pa ya bl e s for p
e rs o nne l L o ng-t e rm provi s i on s fo r e mpl o ye e be n e
fi t s Ot he r provi s i ons ne t of u ti l i s a t i ons Ne t c
ash fl ow ge ne rate d by ope rations P a i d c u r re n t t a x e
s Us e s of l ong-t e rm provi s i ons for e mpl oye e be ne fi t s
(Inc rea se) reduc t i on i n c u rrent a sset s: i n v e n t o ri
e s fi na nc i a l a s s e t s tra de re c e i va bl e s a nd re c
e i va bl e s from c o mpa ni e s va l u e d u s i ng the e qui t y
me t hod re ce i va bl e s from ot he rs a nd o the r a s s e t s
Inc rease (red uc ti on) i n c u rrent l i abi l i ti es: tra de re
c e i va bl e s a nd re c e i va bl e s from c o mpa ni e s va l u
e d u s i ng the e qui t y me t hod p a ya b l e s t o o t h e r s
a n d o t h e r l i a b i l i t i e s Tra ns l a t i o n di ffe re
nc e s on c u rre nt a s s e t s Ne t c ash fl ows from/(for) ope
rating ac ti vi ti e s Invest ment s i n: i nt a ngi bl e a s s e t
s prope rt y, p l a nt a nd e qui pme nt fi na nc i a l a s s e t s
(s ha re hol di ngs ) B u s i n e s s Co m b i n a t i o n Ch i n a
Bus i ne s s Combi na t i on Bre mbo Arge nti na S.A. D i s po s a
l of 4 0 % So ft i a S.r.l . C a p i t a l i n c r e a s e i n c o
n s o l i d a t e d c o m p a n i e s b y m i n o ri t y s h a r e
h o l d e r s P ri c e for di s pos a l , or re i mburs e me nt va
l ue of fi xe d a s s e t s Ne t c ash fl ows from/(for) inve sti
ng ac tivi tie s D i vi d e n d s p a i d i n t h e p e r i o d Ac
qui s i t i on of own s ha re s L o a n di s burs e m e nt Cha nge
i n fa i r va l ue va l ua ti on L o a ns a nd fi na n c i ng gra
nt e d by ba nks a nd ot he r fi na nc i a l i ns ti t ut i on s i
n t he pe ri od Re pa yme nt of l ong-t e rm l oa n s Ne t c ash
flows from/(for) fi nanc i ng ac tivi tie s Total c ash fl ow C ASH
AND CA SH EQ UIV AL ENTS AT END OF THE PERIOD
3 1 .1 2 .2 0 1 2 2 6 .6 8 2 .8 82.2 (2 .6 ) 0.2 1.0 1.1 3.8 1 6 8
.4 (2 3 .5 ) (2 .5 ) 16.8 0.0 5.6 (0 .4 ) (2 0 .0 ) 7.1 (6 .2 ) 1 4
5 .3 (1 9 .2 ) (1 2 1 .4 ) 0.0 (2 .5 ) 0.0 0.0 0.4 7.6 (1 3 5 .1 )
(1 9 .5 ) 0.0 (0 .3 ) 0.5 121.3 (9 7 .7 ) 4 .3 1 4 .5 4 1 .1
3 1 .1 2 .2 0 1 1 4 0 .6 5 4 .7 7 5 .4 (1 .4 ) 1 .5 0 .8 0 .9 1 .5
1 3 3 .4 (1 5 .0 ) (2 .3 ) (4 4 .4 ) 0 .0 (3 .9 ) (4 .7 ) 4 0 .1 2
0 .1 (2 .5 ) 1 2 0 .9 (1 9 .0 ) (1 4 6 .3 ) 0 .0 0 .0 (0 .8 ) 0 .3
0 .5 2 .2 (1 6 3 .2 ) (1 9 .6 ) (2 .0 ) (9 .0 ) 0 .3 1 2 2 .2 (6 3
.5 ) 2 8 .3 (1 4 .0 ) 2 6 .6
7/9
N ET SALES BREAKDOW N BY GEOGRAP HICAL AREA AN D BY APPLICATION
(euro m i l l i o n) GEOGRA PHICA L A REA Ita l y Ge r m a n y Fra
nce Uni te d K i ngdom Othe r EU c ountri e s I nd i a Ch i n a J a
pa n Othe r As i a Countri e s Bra zi l North Ame ri ca (US, Ca na
da & Me xi co) Othe r Countri e s Total (euro m i l l i o n) A
PPLICA TION Ca r s Motorbi ke s Comme rci a l a nd Indus tri a l Ve
hi cl e s Ra ci ng Mi s ce l l a ne ous Total 9 39 .5 1 41 .4 1 84
.5 1 15 .6 7 .7 1 ,3 8 8 . 6 67 .7% 10 .2% 13 .3% 8 .3% 0 .5% 1 0 0
.0 % 80 8.1 13 6.5 19 4.4 10 8.7 6.8 1 , 2 5 4 .5 64 .4% 10 .9% 15
.5% 8 .7% 0 .5% 1 0 0 .0 % 13 1.3 4.9 (9 .9 ) 6.9 0.9 1 3 4 .1 16
.2% 3 .6% -5 .1 % 6 .3% 13 .9% 1 0 .7 % 25 0.3 3 2.5 3 7.4 2 2.6
1.1 3 4 4 .0 7 2.8% 9.5% 1 0.9% 6.6% 0.2% 1 0 0 .0 % 20 6.8 3 0.5 4
8.0 2 1.4 2.8 3 0 9 .5 6 6.8% 9.8% 1 5.5% 7.0% 0.9% 1 0 0 .0 % 4 3
.5 2 .1 (1 0 .6 ) 1 .3 (1 .7 ) 3 4 .5 2 1.0% 6.8% -2 2 .1 % 5.9% -5
9 .2 % 1 1 .2 % 2 07 .7 3 29 .6 58 .2 1 00 .6 1 64 .0 34 .0 59 .9
19 .6 8 .5 67 .1 3 12 .1 27 .5 1 ,3 8 8 . 6 3 1 .1 2 .2 0 1 2 15
.0% 23 .7% 4 .2% 7 .2% 11 .8% 2 .4% 4 .3% 1 .4% 0 .6% 4 .8% 22 .5%
2 .1% 1 0 0 .0 % % 22 3.7 27 3.4 6 0.2 8 4.6 17 4.9 3 5.8 5 4.9 1
8.2 8.6 6 7.7 23 9.4 1 3.1 1 , 2 5 4 .5 3 1 .1 2 .2 0 1 1 17 .8% 21
.8% 4 .8% 6 .7% 13 .9% 2 .9% 4 .4% 1 .5% 0 .7% 5 .4% 19 .1% 1 .0% 1
0 0 .0 % % (1 6 .0 ) 5 6.2 (2 .1 ) 1 5.9 (1 1 .0 ) (1 .8 ) 5.0 1.4
(0 .2 ) (0 .6 ) 7 2.8 1 4.4 1 3 4 .1 Change -7 .1 % 20 .5% -3 .4 %
18 .8% -6 .3 % -5 .0 % 9 .0% 7 .7% -2 .1 % -0 .9 % 30 .4% 1 10 .4%
1 0 .7 % % 4 8.6 8 1.5 1 0.0 2 5.9 3 3.5 8.5 1 7.4 4.8 2.4 1 6.6 8
7.0 7.7 3 4 4 .0 Q 4 '1 2 1 4.1% 2 3.7% 2.9% 7.5% 9.7% 2.5% 5.1%
1.4% 0.7% 4.8% 2 5.3% 2.3% 1 0 0 .0 % % 5 0.9 6 9.7 1 2.7 2 2.8 3
9.3 9.0 1 2.2 4.5 3.0 1 2.5 6 6.6 6.3 3 0 9 .5 Q 4 '1 1 1 6.5% 2
2.5% 4.1% 7.4% 1 2.7% 2.9% 3.9% 1.5% 1.0% 4.0% 2 1.5% 2.0% 1 0 0 .0
% % (2 .3 ) 1 1 .8 (2 .7 ) 3 .1 (5 .7 ) (0 .5 ) 5 .2 0 .3 (0 .6 ) 4
.2 2 0 .4 1 .4 3 4 .5 Change -4 .5 % 1 6.9% -2 1 .3 % 1 3.8% -1 4
.6 % -6 .0 % 4 2.7% 5.7% -1 8 .9 % 3 3.5% 3 0.6% 2 2.1% 1 1 .2 % %
3 1 .1 2 .2 0 1 2 % 3 1 .1 2 .2 0 1 1 % Change % Q 4 '1 2 % Q 4 '1
1 % Change %
8/9
MAIN RATIOS
Ne t ope ra t i ng i ncome /Sa l e s of goods a nd s e rvi c e s Re
s ul t be fore t a xe s /Sa l e s of goods a nd s e rvi ce s Ca pi
t a l Expe ndi ture /Sa l e s of goods a nd s e rvi ce s Ne t Fi na
nc i a l i nde bt e dne s s /Sha re hol de rs ' e qui ty Ne t fi na
nc i a l cha rge s /Sa l e s of goods a nd s e rvi c e s Ne t fi na
nc i a l cha rge s /Ne t Ope ra t i ng Inc ome ROI ROE
Q 4' 1 1 4 .9 % 2 .4 % 1 4 .6 % 9 4 .3 % 2 .1 % 4 2 .4 % 9 .0 % 1 4
.8 %
Q 1' 12 6 .8 % 6 .8 % 9 .3 % 9 6 .4 % -0 .1 % -2 .1 % 1 3 .2 % 2 3
.2 %
Q2 ' 12 7 .2 % 5 .8 % 1 0 .4 % 9 8 .0 % 1 .3 % 1 8 .5 % 1 4 .0 % 1
6 .4 %
Q3 ' 12 5 .7 % 5 .1 % 7 .8 % 9 3 .2 % 0 .5 % 8 .2 % 1 0 .3 % 1 4 .1
%
Q4 '1 2 6 .0 % 6 .1 % 1 3 .0 % 8 0 .4 % 0 .2 % 2 .9 % 1 1 .2 % 2 8
.6 %
Note s : ROI: Ne t ope ra t i ng i ncome / Ne t i nve s te d c a pi
t a l mul ti pl y by ye a r da ys /pe ri od da ys . ROE: Re s ul t
be fore mi nori t y i nt e re s t s / Sha re hol de rs e qui t y
mul ti pl y by ye a r da ys /pe ri od da ys .
9/9
Grafico Azioni Brembo NV (BIT:BRE)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Brembo NV (BIT:BRE)
Storico
Da Lug 2023 a Lug 2024