Belimo successfully drives growth strategy

BELIMO Holding AG / Belimo successfully drives growth strategy . Processed and transmitted by West Corporation. The issuer is solely responsible for the content of this announcement.

The Belimo Group continued its successful growth path and further strengthened its market position. Sales grew significantly in all market regions.

In Swiss francs, net sales rose by 10.8 percent to CHF 642.4 million. In currency-adjusted terms, this equals to an overall growth of 9.6 percent. Adjusted for currencies, sales in the Europe market region grew by 9.5, in the Americas by 8.4 and in Asia Pacific by 13.8 percent. Air and water applications increased by 9.4 percent and 9.8 percent respectively in local currencies.

Net sales by market regions

in CHF 1,000	2018	%	Growth  in local currencies in %	2017	%
Europe	317,200	49	9.5	280,834	48
Americas	242,885	38	8.4	226,460	39
Asia Pacific	82,283	13	13.8	72,559	13
Group	642,368	100	9.6	579,853	100

Net sales by applications

in CHF 1,000	2018	%	Growth  in local currencies in %	2017	%
Air	365,442	57	9.4	329,602	57
Water	276,926	43	9.8	250,251	43
Total	642,368	100	9.6	579,853	100

Detailed information about the reporting year 2018 will be disclosed at the Media and Financial Analysts Conference on March 11, 2019.
                                                                                                                                                                

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 642 million in 2018 and has over 1,700 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).

Contact	Markus Schürch, CFO	Tel. [phone]
Agenda	Publication of Annual Report 2018/
	Media and Financial Analysts Conference	March 11, 2019
	Annual General Meeting 2019	April 1, 2019

The press release can be downloaded from the following link:

Press Release (PDF)

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Source: BELIMO Holding AG via Globenewswire