PRESS RELEASE

from Belimo Holding AG (isin : CH0001503199)

Belimo Achieves Substantial Growth in Sales in 2023

Belimo Holding AG / Key word(s): Sales Result
Belimo Achieves Substantial Growth in Sales in 2023

22-Jan-2024 / 06:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.


Belimo demonstrated substantial sales growth in a year characterized by inflation pressures, rising interest rates, and slowing business momentum in the construction industry. In 2023, net sales grew 7.2% in local currencies and 1.4% in Swiss francs to CHF 858.8 million.

The Americas market region reported impressive results with a sales growth of 7.7% in local currencies. This follows an extraordinary previous year in which Belimo was able to gain significant market share due to delivery issues in the industry. This led to a substantial baseline effect, particularly in the second half year of 2022. In face of a challenging construction market, the EMEA market region achieved solid sales growth of 6.4% in local currencies thanks to a strong focus on retrofit opportunities. The Asia Pacific market region registered an increase in sales of 8.2% in local currencies. Belimo India, along with other regional subsidiaries, performed exceptionally well, compensating for the challenging circumstances in China.

 Net Sales by Market Region

in
CHF 1’000

2022

2021

Net sales

%2)

Growth
in CHF

Growth
in local
currencies

Net sales

%2)

Growth
in CHF

Growth
in local
currencies

EMEA

375'920

44%

2.2%

6.4%

367'902

43%

-2.0%

4.7%

Americas

373'813

44%

1.5%

7.7%

368'261

43%

26.4%

21.3%

Asia Pacific

109'053

13%

-1.5%

8.2%

110'737

13%

12.5%

11.4%

Total1)

858'785

100%

1.4%

7.2%

846'900

100%

10.7%

11.9%

1) Due to rounding, amounts presented do not add up precisely to the totals provided.

2) In % of total net sales.

 

The business line Control Valves expanded its market share and achieved a growth rate of 12.0% in local currencies while Damper Actuators grew only slightly. The newest business line Sensors and Meters gained further traction registering an increase in sales of 31.0% in local currencies.

 

Net Sales by Application

in
CHF 1’000

2022

2021

Net sales

%2)

Growth
in CHF

Growth
in local
currencies

Net sales

%2)

Growth
in CHF

Growth
in local
currencies

Damper Actuators

404'788

47%

-4.5%

1.1%

423'803

50%

4.6%

6.6%

Control Valves

417'490

49%

6.1%

12.0%

393'492

46%

16.2%

16.5%

Sensors and Meters

36'507

4%

23.3%

31.0%

29'605

3%

36.3%

38.5%

Total1)

858'785

100%

1.4%

7.2%

846'900

100%

10.7%

11.9%

1) Due to rounding, amounts presented do not add up precisely to the totals provided.

2) In % of total net sales.

 

The Belimo Group is the global market leader in the development, production, and sales of field devices for the energy-efficient control of heating, ventilation, and air-conditioning systems. The focus of our core business is on damper actuators, control valves, sensors, and meters. In 2023, the Company reported sales of CHF 859 million and over 2’300 employees. Information about the Company and its products is available at www.belimo.com. The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange since 1995 (BEAN).

 

Today at 9.00 a.m. CET, a call on the sales development 2023 will be held. Please register via this Link.

 

Contact

Dr. Markus Schürch, CFO

+41 43 843 61 72

 

 

 

Agenda

Publication of the Financial Statements 2023 / Earnings Call /
Media and Financial Analysts Conference


March 4, 2024

 

Annual General Meeting 2024

March 25, 2024

 



End of Inside Information
Language:English
Company:Belimo Holding AG
Brunnenbachstrasse 1
8340 Hinwil
Switzerland
Phone:+41 43 843 63 80
Fax:+41 43 843 62 41
E-mail:ir@belimo.ch
Internet:www.belimo.com
ISIN:CH1101098163
Listed:SIX Swiss Exchange
EQS News ID:1819475

 
End of AnnouncementEQS News Service

1819475  22-Jan-2024 CET/CEST

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