BELIMO Holding AG: Good sales growth in local c...
BELIMO Holding AG / BELIMO Holding AG: Good sales growth in local currencies . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.
Hinwil, January 25, 2012, 7:00 a.m.
Press release from the Belimo Group
The Belimo Group, global leader in the field of actuator solutions for controlling heating, ventilation and air conditioning systems, can look back on a challenging year. Despite a difficult political and economic environment, sales increased in the individual markets.
In Swiss franc terms, net sales revenues fell by 2.4 percent to CHF 416 million as a result of currency movements. Adjusted for currency effects, total growth amounted to 9.6 percent. Growth was 6.7 percent in Europe, 12.7 percent in Americas, and 15.4 percent in Asia/Pacific. The air and water applications business grew by 8.4 percent and 11.6 percent respectively.
The Belimo Group expects a good operating result (EBIT) and a solid profit despite negative currency effects. Detailed information on the financial year 2011 will be announced at the media information session on March 12, 2012.
Matthias Haas, Head of Asia/Pacific and Member of the Executive Committee, has decided to take up a new corporate challenge elsewhere from mid-2012. Mr. Haas has successfully developed the Asia/Pacific market over the last ten years, and the Board of Directors and Executive Committee would like to thank him for his great dedication to Belimo. The search for his successor is underway.
The Belimo Group is a leading global manufacturer of innovative electrical actuator solutions for heating, ventilation and air-conditioning systems. The Group achieved sales of CHF 416 million in 2011 and employs more than 1200 people. For information on the company and its products, visitwww.belimo.com/investorrelations.
The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange since 1995 (BEAN).
| Contact | Beat Trutmann, CFO | Phone +41 43 843 62 65 |
| Key dates | March 12, 2012 | Media information session and publication of |
| 2011 Annual Report | ||
| April 2, 2012 | Annual General Meeting |
The press release can be downloaded from the following link:
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Source: BELIMO Holding AG via Thomson Reuters ONE
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