BELIMO Holding AG: Accelerated growth in the Am...
BELIMO Holding AG / BELIMO Holding AG: Accelerated growth in the Americas and Asia/Pacific . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.
In 2014 the Belimo Group was once again able to expand its leading market position in the field of actuator solutions for controlling heating, ventilation and air-conditioning systems. In the second half-year, the Americas and Asia/Pacific performed particularly well, while growth in Europe slowed.
Net sales in Swiss francs rose by 4.5 percent (6.6 percent in local currencies) to CHF 493.9 million. For Europe the currency-adjusted growth was 5.0, for the Americas 8.3 and for Asia/Pacific 9.3 percent. The air and water applications grew on a currency-adjusted basis by 6.1 and 7.4 percent, respectively.
Based on the preliminary figures, Belimo Group expects operating income (EBIT) of about CHF 81 million (first half 2014 CHF 42.0 million, previous year CHF 81.3 million) and net income of about CHF 67 million (first half 2014 CHF 33.6 million, previous year CHF 62.6 million).
The present currency situation is expected to continue. Under these circumstances, Belimo estimates that if the sales growth targeted for 2015 is achieved, it will be difficult to generate growth in Swiss francs.
Detailed information on the 2014 reporting year will be announced on Monday, March 23, 2015 at the media information session.
The Belimo Group is a leading global manufacturer of innovative electrical actuator solutions and valve systems for heating, ventilation and air-conditioning systems. The Group generated sales of CHF 494 million in 2014 and employs close to 1450 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 | Beat Trutmann, CFO | Phone +41 43 843 62 65 |
| Agenda | Media information session/ | |
| Publication of 2014 Annual Report | March 23, 2015 | |
| Annual General Meeting 2015 | April 20, 2015 | |
| Semiannual Report 2015 | August 4, 2015 |
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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