CONFERENCE CALL WITH ANALYSTS
Q1 2024 RESULTS
9 May 2024
Q1 2024 RESULTS
Summary of Consolidated Statement of Income
€ Million | Q1 24 | % sales | Q1 23 | % sales | % 24/23 |
Sales | 1,004.6 | 100.0% | 961.9 | 100.0% | 4.4% |
EBITDA | 176.8 | 17.6% | 168.3 | 17.5% | 5.1% |
D&A | (64.0) | 6.4% | (64.3) | 6.7% | -0.5% |
EBIT | 112.8 | 11.2% | 104.0 | 10.8% | 8.5% |
Fin. income (expense), incl. | (7.2) | 0.7% | 1.0 | 0.1% | -834.3% |
from investments | |||||
Taxes | (29.6) | 3.0% | (27.9) | 2.9% | 6.1% |
Tax rate | 28.1% | 26.6% | |||
Net Result | 75.2 | 7.5% | 76.8 | 8.0% | -2.2% |
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection2 | 14 with I.P.R., as well as copying and passing on to third parties
Q1 2024 REVENUES
(Ȗ Mio)
+ € 42.7 mio (+4.4%)
+5.6% | -0.3% | -0.9% |
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection3 | 14 with I.P.R., as well as copying and passing on to third parties
Q1 2024 REVENUES BY APPLICATION
(Ȗ Mio)
Δ% Q1 24/23
Q1 23
Q1 24
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection4 | 14 with I.P.R., as well as copying and passing on to third parties
Q1 2024 REVENUES BY AREA
(Ȗ Mio)
Δ% Q1
24/23
Net FX:
2,4% qoq
Q1 23
Q1 24
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection5 | 14 with I.P.R., as well as copying and passing on to third parties
Q1 2024 REVENUES BY AREA
(% on tot. revenues)
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection6 | 14 with I.P.R., as well as copying and passing on to third parties
Q1 2024 EBITDA
(Ȗ Mio)
+ € 8.5 mio (+5.1%)
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection7 | 14 with I.P.R., as well as copying and passing on to third parties
FINANCIAL CHARGES
€ Million | Q1 24 | Q1 23 | Δ 24/23 |
Net financial charges - fin. debt | (4.9) | (3.1) | (1.8) |
Net financial charges - IFRS 16 | (1.2) | (2.0) | 0.8 |
Net exchange rate differences * | (1.1) | 6.1 | (7.2) |
Financial income from investments | 0.0 | 0.0 | 0.0 |
Total net financial income (expense) | (7.2) | 1.0 | (8.2) |
Cost of net fin. debt | 3.7% | 3.0% | |
of which: | |||
Cost of financial debt | 3.9% | 2.9% | |
Cost of IFRS16 | 2.7% | 3.3% | |
* Includes fair value valuation of forward currency derivatives
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection8 | 14 with I.P.R., as well as copying and passing on to third parties
TAX RATE
€ Million | Q1 24 | Q1 23 | Δ 24/23 |
Current taxes | 39.6 | 35.4 | 4.2 |
Deferred taxes | (10.0) | (7.4) | (2.5) |
Total taxes | 29.6 | 27.9 | 1.7 |
Pre-tax profit | 105.6 | 105.0 | 0.7 |
Tax rate | 28.1% | 26.6% | |
Other | (2.8) | (2.4) | (0.4) |
Total taxes net of extraordinary effects | 26.8 | 25.5 | 1.3 |
Tax rate net of extraordinary effects | 25.4% | 24.3% | |
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection9 | 14 with I.P.R., as well as copying and passing on to third parties
NET FINANCIAL DEBT
(Ȗ Mio)
Net Cash Flow - €74.7 mio
Operating Cash Flow - €47.4 mio
9 May 2024 | Q1 2024 Results |
Restricted. © Brembo N.V. reserves all rights of use
and disposal, under the protection of the law, also in connection10 | 14 with I.P.R., as well as copying and passing on to third parties
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Brembo NV published this content on 09 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 May 2024 11:49:01 UTC.