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Brugola OEB has recently announced a significant financial milestone. Following the buyback of minority shares, which returned 100% ownership of the group to the Brugola family, the company has secured a long-term financing of 23 million euros from Cassa Depositi e Prestiti (CDP), Crédit Agricole Italia, and Banco BPM. This financing was further supported by Sace’s Garanzia Futuro.

Financial Support for Ambitious Growth Objectives

The financial operation was assisted by Andersen Italia, which acted as Debt Advisor for structuring activities, coordination with financial institutions, and execution of financing contracts. The Andersen team, composed of Alessio Gambuzza, Paola Pellegrini, and Matilde Fassio, under the guidance of partner Marco Giorgi, who heads the Banking & Finance department, also provided legal assistance for banking law activities and legal opinions to finalize the operation.

The financial institutions involved were assisted by the law office Pedersoli Gattai, led by partner Maura Magioncalda and comprising Michele Parlangeli and Daria Davoli in the team.

A Multi-Year Investment Plan for Innovation and Growth

The 23 million euro financing is intended to support a comprehensive multi-year investment plan, which includes:

  • Expansion of production facilities
  • Purchase of Industry 4.0 machinery
  • Optimization of production processes
  • Energy efficiency projects

Positive Financial Results and Future Prospects

Alongside the announcement of the financing, Brugola OEB has presented excellent results for the first half of 2024. The company has recorded an 83.5% increase in EBITDA compared to the same period in 2023, rising from a 7% margin in 2023 to 12.7% in 2024. These results confirm the strength of the company’s strategies and promising future prospects.

In 2023, the total revenue for Italy and the USA reached 189 million euros, marking an increase from 175 million euros in 2022 and 140 million euros in 2021. Even the consolidated production volume saw a 4% increase in the first half of 2024 compared to the same period in 2023.

Statements from President Jody Brugola

“This financing marks a significant step in our strategic growth journey,” stated Jody Brugola, President of Brugola OEB. “With the support of these top-tier financial institutions, we are ready to accelerate our investments to further strengthen our leadership in the industry and pursue the goals of our development plan. The positive results from the first half of 2024 validate the effectiveness of our strategies and encourage us to look confidently towards the future. Our intention remains to continue enhancing Made in Italy and production in our region.”

Conclusion

Brugola OEB is ready for a future of growth and innovation, supported by strong financing and promising financial results. The company continues to focus on the excellence of Made in Italy and the optimization of production processes, reaffirming its position as a leader in the automotive sector.