Brembo (BRE) Q3 2026 earnings summary

Executive summary

• 9M 2026 revenue rose 3.3% to €2,881.963m, or 4.5% at constant exchange rates; net result increased 7.7% to €175.301m.

• Q3 revenue rose 5.8% to €961.6m, while EBITDA fell 2.2% to €158.4m and net result declined 11.1% to €57.7m.

• FY 2026 guidance was confirmed: ~5% revenue growth at constant exchange rates, ~16.5% EBITDA margin, ~€350m investment and net financial debt below €700m.

Financial highlights

• 9M EBITDA was €475.033m, up 2.6%, with a 16.5% margin versus 16.6%; EBIT was €262.588m, up 2.6%, with a 9.1% margin versus 9.2%.

• 9M net result increased 7.7% to €175.301m; net margin was 6.1% versus 5.8%, and EPS was €0.55 versus €0.51.

• Q3 revenue grew 5.8% reported and 4.7% at constant exchange rates; EBITDA margin was 16.5% versus 17.8%.

• Q3 EBIT fell 7.0% to €86.9m; net result declined 11.1% to €57.7m, and EPS was €0.18 versus €0.20.

• 9M result before taxes rose 5.9% to €242.585m; reported tax rate was 27.0% versus 27.3%.

Outlook and guidance

• FY 2026 guidance, revised upward on 29 July, was confirmed: revenue growth of ~5% at constant exchange rates and EBITDA margin of ~16.5%.

• FY 2026 investment guidance is ~€350m; net financial debt is expected below €700m.

• Geopolitical and macroeconomic volatility continues to limit market visibility; forward-looking estimates depend on evolving conditions.