Belimo Holding AG: Belimo Reports Steady Sales in Local Currencies
January 21, 2021 at 01:03 am EST
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EQS Group-Ad-hoc: Belimo Holding AG / Key word(s): Development of Sales
Belimo Holding AG: Belimo Reports Steady Sales in Local Currencies
21-Jan-2021 / 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 21, 2021, 7.00 a.m. CET
Press Release of the Belimo Group
Belimo Reports Steady Sales in Local Currencies
The Belimo Group defied the impact of the COVID-19 pandemic in 2020 and maintained steady net sales in local currencies (+/- 0.0 percent). In Swiss francs, net sales declined by -4.5 percent, to CHF 661.2 million.
In local currencies, sales in the Europe market region increased by +1.8 percent, while declining by -1.8 percent in the Americas and by -1.1 percent in Asia Pacific. Net sales in air applications (+/- 0.0 percent) and water applications (-0.1 percent) remained unchanged in terms of local currencies.
Net sales by market regions
in CHF 1,000
2020
%
Growth in local currencies in %
2019
%
Europe
322,285
49
1.8
328,777
48
Americas
253,875
38
-1.8
272,849
39
Asia Pacific
85,067
13
-1.1
91,054
13
Group
661,226
100
0.0
692,680
100
Net sales by applications
in CHF 1,000
2020
%
Growth in local currencies in %
2019
%
Air
368,415
56
0.0
385,480
56
Water
292,812
44
-0.1
307,200
44
Total
661,226
100
0.0
692,680
100
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 661 million in 2020 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
Gérard Moinat, IRO
+41 43 843 63 80
Agenda
Publication of Annual Report 2020 /
Media and Financial Analysts Conference
Belimo Holding AG is a Switzerland-based company active in development, production and marketing of actuators for heating, ventilation and air conditioning (HVAC) systems. The Company is divided into four reporting segments: Europe, Americas, Asia/ Pacific, and Shared Services. Damper Actuators (Air) and Valve actuators and valves (Water) form Companyâs core business. The Companyâs products include standard and spring-return actuators; control, shut-off and change-over valves; safety actuators for motorizing fire and smoke control dampers; volumetric flow and pressure control for variable air volume (VAV) and constant air volume (CAV) units; system solutions for room and fan control; parameterizing devices, tools and accessories for bus and communication systems. Additionally, the Company provides optimizing solutions for their customers.