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BELIMO Holding AG: Stronger growth in the second half-year

BELIMO Holding AG / BELIMO Holding AG: Stronger growth in the second
half-year. Processed and transmitted by NASDAQ OMX Corporate Solutions. The
issuer is solely responsible for the content of this announcement.
2015 was very challenging for the Swiss economy. Both, the unexpected
abandonment of the minimum exchange rate against the euro, and subsequent
strong appreciation of the Swiss franc and the partly difficult market
environment in Eastern Europe had a negative impact on the sales growth and
profitability of the Belimo Group.

Under these circumstances it is pleasing that Belimo was able to hold net
sales in Swiss francs on previous year level at CHF 493.3 million (with
growth of 3.6 percent in local currencies). The Americas and Asia/Pacific
achieved higher sales in the second half-year compared to the first, while
Europe stagnated.

Adjusted for currencies, sales in Europe were down 0.9 percent; the Americas
grew by 9.7 percent and Asia/Pacific by 7.2 percent. Water applications rose
by 8.9 percent on a currency-adjusted basis whereas air applications were on
the same level as previous year.

Based on preliminary figures, the Belimo Group expects an operating income
(EBIT) of around CHF 74 million (first half 2015 CHF 35.8 million; previous
year CHF 81.3 million) and a net income of approximately CHF 56 million
(first half 2015 CHF 23.0 million; previous year CHF 67.2 million).

Detailed information on the 2015 reporting year will be announced at the media
information session on Monday, March 21, 2016.
The Belimo Group is a leading global manufacturer of innovative electrical
actuator solutions and valve systems for heating, ventilation and
air-conditioning systems. The Group generated sales of CHF 493 million in
2015 and employs close to 1470 people. Information on the Company and its
products is available on the internet at

The shares of BELIMO Holding AG have been traded on SIX Swiss Exchange since
1995 (BEAN).

| Contact Beat Trutmann, CFO Telephone +41 43 843 62 65 |
| |
| Agenda Media information session/ |
| Publication of 2015 Annual Report March 21, 2016 |
| Annual General Meeting 2016 April 25, 2016 |
| Semiannual Report 2016 August 3, 2016 |

The press release can be downloaded from the following link:

Press release (PDF)


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: BELIMO Holding AG via Globenewswire


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