Belimo Holding AG: Belimo Delivers Excellent Sales Performance in 2019 Donnerstag, 23. Januar 2020 - 07:01
Belimo Holding AG / Key word(s): Development of Sales Belimo Holding AG: Belimo Delivers Excellent Sales Performance in 2019
23-Jan-2020 / 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 23, 2020, 7.00 a.m. CET
Press Release of the Belimo Group
Belimo Delivers Excellent Sales Performance in 2019
The Belimo Group has closed another very successful year. In Swiss francs, net sales in 2019 rose by 7.8 percent to CHF 692.7 million. In currency-adjusted terms, this equals a 9.2 percent growth.
Sales grew in all market regions. Adjusted for currencies, sales in the Europe market region rose by 6.8, in the Americas by 11.0 and in Asia Pacific by 12.7 percent. Air and water applications increased by 7.1 percent and 11.9 percent respectively in local currencies.
On top of recording excellent sales growth, Belimo celebrates the shipment of its 100 millionth actuator in January 2020 as yet another important milestone in the history of the Company.
Net sales by market regions
in CHF 1,000 2019 % Growth 2018 % in local currencies in % Europe 328,777 48 6.8 317,200 49 Americas 272,849 39 11.0 242,885 38 Asia Pacific 91,054 13 12.7 82,283 13 Group 692,680 100 9.2 642,368 100
Net sales by applications
in CHF 1,000 2019 % Growth 2018 % in local currencies in % Air 385,480 56 7.1 365,442 57 Water 307,200 44 11.9 276,926 43 Total 692,680 100 9.2 642,368 100 Nonrecurring tax effect with no impact on cash flow The transitional provisions of the Swiss tax reform applied by Belimo will have a material, positive effect on the net income in the consolidated financial statements 2019, prepared in accordance with IFRS, without impacting the cash flow. Detailed information about the reporting year 2019 will be disclosed at the Media and Financial Analysts Conference on March 9, 2020.
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 693 million in 2019 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: [1]www.belimo.com/financial-summary 1. http://www.belimo.com/financial-summary Contact Dr. Markus Schürch, CFO +41 43 843 65 01 Agenda Publication of Annual Report 2019 / March 9, 2020 Media and Financial Analysts Conference Annual General Meeting 2020 March 30, 2020
---------------------------------------------------------------------------
End of ad hoc announcement
---------------------------------------------------------------------------
