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EQS-Ad-hoc News vom 23.01.2020

Belimo Holding AG: Belimo Delivers Excellent Sales Performance in 2019

Belimo Holding AG / Key word(s): Development of Sales

23-Jan-2020 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Hinwil (Switzerland), EMBARGOED UNTIL January 23, 2020, 7.00 a.m. CET

Press Release of the Belimo Group

Belimo Delivers Excellent Sales Performance in 2019

The Belimo Group has closed another very successful year. In Swiss francs, net sales in 2019 rose by 7.8 percent to CHF 692.7 million. In currency-adjusted terms, this equals a 9.2 percent growth.

Sales grew in all market regions. Adjusted for currencies, sales in the Europe market region rose by 6.8, in the Americas by 11.0 and in Asia Pacific by 12.7 percent. Air and water applications increased by 7.1 percent and 11.9 percent respectively in local currencies.

On top of recording excellent sales growth, Belimo celebrates the shipment of its 100 millionth actuator in January 2020 as yet another important milestone in the history of the Company.

Net sales by market regions

in CHF 1,000 2019 % Growth
in local
currencies
in %
2018 %
Europe 328,777 48 6.8 317,200 49
Americas 272,849 39 11.0 242,885 38
Asia Pacific 91,054 13 12.7 82,283 13
Group 692,680 100 9.2 642,368 100
 


Net sales by applications

in CHF 1,000 2019 % Growth
in local
currencies
in %
2018 %
Air 385,480 56 7.1 365,442 57
Water 307,200 44 11.9 276,926 43
Total 692,680 100 9.2 642,368 100
 

Nonrecurring tax effect with no impact on cash flow
The transitional provisions of the Swiss tax reform applied by Belimo will have a material, positive effect on the
net income in the consolidated financial statements 2019, prepared in accordance with IFRS, without impacting the cash flow. Detailed information about the reporting year 2019 will be disclosed at the Media and Financial Analysts Conference on March 9, 2020.

The Belimo Group is a leading global manufacturer of innovative electrical actuator, valve, and sensor solutions for heating, ventilation, and air conditioning systems. The Company reported sales of CHF 693 million in 2019 and has around 1,900 employees. Information about the Company and its products is available on the internet at www.belimo.com.

The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange since 1995 (BEAN).

Link to the definitions of Alternative Performance Measures: www.belimo.com/financial-summary
 
Contact   Dr. Markus Schürch, CFO   +41 43 843 65 01
Agenda   Publication of Annual Report 2019 /
Media and Financial Analysts Conference
  March 9, 2020
    Annual General Meeting 2020   March 30, 2020
 

 


Additional features:


Document: http://n.eqs.com/c/fncls.ssp?u=BPTTXFIPXL
Document title: Press Release January 2020

End of ad hoc announcement

 

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