Brake maker Brembo posts 14% H1 core profit drop (updated)

Brembo NV

29/07/2025 12:26

Adds executive chairman's comments in paragraphs 3,4,6; shares in paragraph 5

By Romolo Tosiani

July 29 (Reuters) - Italian brake maker Brembo BRBI.MI on Tuesday posted a 14.4% drop in its first-half core profit (EBITDA) to 300.9 million euros ($348.1 million), hit by headwinds in the European and North American automotive sectors.

The premium brake maker's first half net profit fell to 97.9 million euros, down 37.4% from a year earlier, while its revenue totalled 1.88 billion euros, 6.2% lower than a year before.

Asked about this week's
EU-US trade deal
, Brembo's Executive Chairman Matteo Tiraboschi told Reuters: "15% is certainly, at least for the automotive side, an improvement from 25.5%, but it is still a loss."

Although Tiraboschi said the company was not directly impacted by the tariffs, he flagged a possible indirect impact due to the possibility that European carmakers "may sell fewer appliances on the U.S. market."

Milan-listed shares in the brake maker fell as much as 10% after the results were published. By 1440 GMT the stock traded down around 5%.

Tiraboschi cited a volatile geopolitical environment and problems in the automotive market in Europe and North America.

Brembo's clients include premium car brands such as Porsche PSHG_p.DE, Audi, BMW BMWG.DE and Lamborghini.

European carmakers are struggling to navigate trade tensions and
competition from Chinese
 auto makers which have taking a record market share and squeezed several established brands.

However, the Bergamo-based firm confirmed its full-year guidance for revenue in line with 2024, and an EBITDA margin above 16%, assuming a more stable geopolitical context in the second half of the year.

($1 = 0.8645 euros)

 (Reporting by Romolo Tosiani in Gdansk; Editing by Matt Scuffham)

 ((Romolo.Tosiani@tr.com;))