BELIMO Holding Ltd

Latest Results (14.08.2024):

Net Sales Growth

In the first half of 2024, BELIMO Holding Ltd achieved net sales growth of 9.7% in local currencies compared to the first half of 2023. In Swiss francs, net sales increased by 5.6% to CHF 473.5 million. This growth was supported by positive trends such as energy efficiency measures in existing buildings and the expansion of data centers.

Regional Performance

BELIMO Holding Ltd performed particularly well in the Americas region, with net sales increasing by 17.6% in local currencies (13.3% in Swiss francs) to CHF 219.2 million. The Asia Pacific region also saw a significant increase, with sales growing by 9.9% in local currencies (3.0% in Swiss francs) to CHF 54.7 million. Despite challenges in the EMEA region, net sales grew by 2.0% in local currencies (decrease of -1.1% in Swiss francs) to CHF 199.6 million.

Business Line Performance

All of BELIMO Holding Ltd's business lines confirmed net sales growth in the first half of 2024. The control valve category saw a robust 11.9% revenue growth in local currencies year-on-year. Sales growth in Damper Actuators accelerated to 5.8%, and sensors and meters continued to gain traction, sustaining high momentum across all regions.

Profit and Earnings

BELIMO Holding Ltd's earnings before interest and taxes (EBIT) rose to CHF 93.0 million in the first half of 2024, resulting in an EBIT margin of 19.6%. The company achieved a net income of CHF 77.2 million and earnings per share of CHF 6.28, reflecting a strong financial performance despite ongoing investments for future expansion.

Free Cash Flow and Liquidity

The Group generated a free cash flow of CHF 69.8 million in the first half of 2024. Net liquidity at the end of June 2024 was CHF 57.6 million, and the equity ratio stood at 75.3%. These figures indicate a solid financial position, enabling BELIMO Holding Ltd to continue its strategic growth initiatives and investments.