Belimo Holding AG, CH1101098163
19.01.2023 - 06:06:50Highly Successful 2022 with Double-Digit Sales Growth
In a demanding market environment, the Group posted net sales of CHF?846.9 million, 11.9% ahead of last year in local currencies and 10.7% in Swiss Francs. Robust supply chain performance was a key success factor for this strong result. The Group was able to exceed its five-year sales revenue growth average (compound annual growth rate 2016-2021) of 8.8% in local currencies.?
While business performance was strong throughout market regions, growth in the Americas was extraordinary with 21.3% in local currencies. The main reason for this excellent result were the superior lead times of the Group, which resulted in market share gains. The EMEA sales performance of 4.7% in local currencies is also remarkable when considering the exit from the Russian business. Since March, shipments to Russia and Belarus are suspended. In the remaining markets in the EMEA region, Belimo was able to materialize on the renewal of inefficient HVAC systems accelerated by higher energy costs. In Asia Pacific, the Group posted net sales growth of 11.4% in local currencies, as recurring pandemic-inflicted lockdowns muted growth in China.
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Net Sales by Market Regions
in CHF 1?000
2022
2021
Net sales
%1)
Growth in CHF
Growth in local currencies
Net sales
%1)
Growth in CHF
Growth in local currencies
EMEA
367'902
43%
-2.0%
4.7%
375'556
49%
16.5%
15.9%
Americas
368'261
43%
26.4%
21.3%
291'387
38%
14.8%
18.1%
Asia Pacific
110'737
13%
12.5%
11.4%
98'400
13%
15.7%
14.4%
Total
846'900
100%
10.7%
11.9%
765'343
100%
15.7%
16.6%
1) in % of total net sales (due to rounding, amounts presented do not add up precisely to the totals provided).
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Net sales growth of the business line damper actuators was 6.6% in local currencies and control valves grew by 16.5%. Sensors and meters gained further traction with a growth of 38.5% in local currencies.
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Net Sales by Applications
in CHF 1?000
2022
2021
Net sales
%1)
Growth in CHF
Growth in local currencies
Net sales
%1)
Growth in CHF
Growth in local currencies
Damper Actuators
423'803
50%
4.6%
6.6%
405'074
53%
13.7%
14.3%
Control Valves
393'492
46%
16.2%
16.5%
338'547
44%
16.5%
17.6%
Sensors and Meters
29'605
3%
36.3%
38.5%
21'722
3%
52.1%
52.6%
Total
846'900
100%
10.7%
11.9%
765'343
100%
15.7%
16.6%
1) in % of total net sales (due to rounding, amounts presented do not add up precisely to the totals provided).
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The Belimo Group is the global market leader in the development, production, and sales of field devices for the energy-efficient control of heating, ventilation, and air-conditioning systems. The focus of our core business is on damper actuators, control valves, sensors, and meters. In 2022, the Company reported sales of CHF 847 million and over 2?200 employees. Information about the Company and its products is available at www.belimo.com. The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange since 1995 (BEAN).
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Contact
Dr. Markus Sch?rch, CFO
+41 43 843 61 72
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G?rard Moinat, IRO
+41 43 843 63 80
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Agenda
Call on the Sales Development FY 2022
January 19, 2023, 8 a.m. CET
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Publication of the Financial Statements 2022 / Earnings Call / Media and Financial Analysts Conference
March 6, 2023
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Annual General Meeting 2023
March 27, 2023
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End of Inside Information Language: English Company: Belimo Holding AG Brunnenbachstrasse 1 8340 HinwilSwitzerland Phone: +41 43 843 63 80 Fax: +41 43 843 62 41 E-mail: ir@belimo.ch Internet: www.belimo.com ISIN: CH1101098163 Listed: SIX Swiss Exchange EQS News ID: 1538511 ? End of Announcement EQS News Service
1538511??19-Jan-2023?CET/CEST
