BELIMO Holding AG: Increase in sales and income
BELIMO Holding AG / BELIMO Holding AG: Increase in sales and income . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
In 2013 the Belimo Group was once again able to grow its sales and strengthen its leading market position in the field of actuator solutions for controlling heating, ventilation and air-conditioning systems. The steady growth in sales was based on numerous product innovations in the energy efficiency sector and on a rising demand in fire protection. In line with the economic environment, regional performance varied. Europe and Asia posted good results, whereas the Americas came in slightly short of expectations.
In Swiss francs as well as in local currencies, net sales rose by 6.4 percent to CHF 472.9 million. For Europe the currency-adjusted growth was 7.3, for the Americas 2.9 and for Asia/Pacific 14.3 percent. The air and water applications grew on a currency-adjusted basis by 6.6 and 6.0 percent, respectively.
Based on the preliminary figures, Belimo Group expects operating income (EBIT) of about CHF 81 million (first half 2013 CHF 42.2 million, previous year CHF 75.5* million) and net income of around CHF 62 million (first half 2013 CHF 33.5 million, previous year CHF 60.6* million).
Detailed information on the 2013 reporting year will be announced on Monday, March 17, 2014 at the media information session.
* Restatement due to the revised accounting standard IAS 19 Employee Benefits.
The Belimo Group is a leading global manufacturer of innovative electrical actuator solutions for heating, ventilation and air-conditioning systems. The Group generated sales of CHF 473 million in 2013 and em-ploys close to 1,400 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 the SIX Swiss Exchange since 1995 (BEAN).
| Contact person | Beat Trutmann, CFO | Phone +41 43 843 62 65 |
| Agenda | Media information session/ | |
| Publication of 2013 Annual Report | March 17, 2014 | |
| Annual General Meeting 2014 | April 14, 2014 | |
| Semiannual Report 2014 | August 5, 2014 |
The press release can be downloaded from the following link:
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BELIMO Holding AG via Globenewswire
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