Belimo can look back on a successful year. Sales in Swiss francs increased 8.2 percent to CHF 533.7 million. In currency-adjusted terms, this equals organic growth of 6.8 percent. As expected, the higher growth seen in the first half-year of 2016 could not be continued in the second half. Adjusted for currencies, sales in the Europe market region grew by 5.3, in the Americas by 7.1 and in Asia/Pacific by 12.1 percent. Air applications rose by 5.7 percent on a currency-adjusted basis, the ones for water by 8.3 percent. Based on preliminary figures, the Belimo Group expects an operating income (EBIT) of around CHF 86 million (first half 2016 CHF 46.9 million; previous year CHF 74.6 million) and a net income of approximately CHF 69 million (first half 2016 CHF 37.8 million; previous year CHF 56.2 million). Detailed information on the 2016 reporting year will be announced at the media and financial analysts conference on Monday, March 13, 2017.
The Belimo Group is a leading global manufacturer of innovative electrical actuator solutions, valve systems and sensors for heating, ventilation and air conditioning systems. The Group generated sales of CHF 534 million in 2016 and employs close to 1500 people. Information about the company and its products is available on the Internet at www.belimo.com/investorrelations.
The shares of BELIMO Holding AG have been traded on SIX Swiss Exchange since 1995 (BEAN).
Contact
Beat Trutmann, CFO
Telephone: +41 43 843 62 65
Agenda
Publication of Annual Report 2016/
Media and financial analysts conference
March 13, 2017
Annual General Meeting 2017
April 3, 2017
Publication of Semiannual Report 2017
August 3, 2017
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Belimo Holding AG published this content on 09 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 09 February 2017 09:26:04 UTC.
Original documenthttp://www.belimo.com/english/investor/press/press_170209_kpe.cfm
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Belimo Holding AG is a Switzerland-based company active in development, production and marketing of actuators for heating, ventilation and air conditioning (HVAC) systems. The Company is divided into four reporting segments: Europe, Americas, Asia/ Pacific, and Shared Services. Damper Actuators (Air) and Valve actuators and valves (Water) form Companyâs core business. The Companyâs products include standard and spring-return actuators; control, shut-off and change-over valves; safety actuators for motorizing fire and smoke control dampers; volumetric flow and pressure control for variable air volume (VAV) and constant air volume (CAV) units; system solutions for room and fan control; parameterizing devices, tools and accessories for bus and communication systems. Additionally, the Company provides optimizing solutions for their customers.