Belimo Achieves Substantial Growth in Sales in 2023

Belimo Holding AG / Key word(s): Sales Result
Belimo Achieves Substantial Growth in Sales in 2023

22-Jan-2024 / 06:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.

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Belimo demonstrated substantial sales growth in a year characterized by
inflation pressures, rising interest rates, and slowing business momentum in
the construction industry. In 2023, net sales grew 7.2% in local currencies
and 1.4% in Swiss francs to CHF 858.8 million.

The Americas market region reported impressive results with a sales growth
of 7.7% in local currencies. This follows an extraordinary previous year in
which Belimo was able to gain significant market share due to delivery
issues in the industry. This led to a substantial baseline effect,
particularly in the second half year of 2022. In face of a challenging
construction market, the EMEA market region achieved solid sales growth of
6.4% in local currencies thanks to a strong focus on retrofit opportunities.
The Asia Pacific market region registered an increase in sales of 8.2% in
local currencies. Belimo India, along with other regional subsidiaries,
performed exceptionally well, compensating for the challenging circumstances
in China.

Net Sales by Market Region

  in CHF    2022                              2021
  1'000
  Net       %2)    Growth  Growth in   Net    %2)    Growth  Growth in
  sales            in CHF  local       sale-         in CHF  local
                           currencies  s                     currencies
  EMEA      375'-  44%     2.2%        6.4%   367'-  43%     -2.0%       4.-
            920                               902                        7%
  America-  373'-  44%     1.5%        7.7%   368'-  43%     26.4%       21-
  s         813                               261                        .3-
                                                                         %
  Asia      109'-  13%     -1.5%       8.2%   110'-  13%     12.5%       11-
  Pacific   053                               737                        .4-
                                                                         %
  Total1)   858'-  100%    1.4%        7.2%   846'-  100%    10.7%       11-
            785                               900                        .9-
                                                                         %

1) Due to rounding, amounts presented do not add up precisely to the totals
provided.

2) In % of total net sales.

The business line Control Valves expanded its market share and achieved a
growth rate of 12.0% in local currencies while Damper Actuators grew only
slightly. The newest business line Sensors and Meters gained further
traction registering an increase in sales of 31.0% in local currencies.

Net Sales by Application

  in CHF     2022                              2021
  1'000
  Net        %2)    Growth  Growth in   Net    %2)    Growth  Growth in
  sales             in CHF  local       sale-         in CHF  local
                            currencies  s                     currencies
  Damper     404'-  47%     -4.5%       1.1%   423'-  50%     4.6%        6.-
  Actuator-  788                               803                        6%
  s
  Control    417'-  49%     6.1%        12.0-  393'-  46%     16.2%       16-
  Valves     490                        %      492                        .5-
                                                                          %
  Sensors    36'5-  4%      23.3%       31.0-  29'6-  3%      36.3%       38-
  and        07                         %      05                         .5-
  Meters                                                                  %
  Total1)    858'-  100%    1.4%        7.2%   846'-  100%    10.7%       11-
             785                               900                        .9-
                                                                          %

1) Due to rounding, amounts presented do not add up precisely to the totals
provided.

2) In % of total net sales.

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 2023, the
Company reported sales of CHF 859 million and over 2'300 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).

Today at 9.00 a.m. CET, a call on the sales development 2023 will be held.
Please register via this Link.

     Con-    Dr. Markus Schürch, CFO                           +41 43
     tac-                                                      843 61
     t                                                         72

     Age-    Publication of the Financial Statements 2023 /    March 4,
     nda     Earnings Call / Media and Financial Analysts      2024
             Conference
             Annual General Meeting 2024                       March
                                                               25, 2024

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End of Inside Information

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   Language:       English
   Company:        Belimo Holding AG
                   Brunnenbachstrasse 1
                   8340 Hinwil
                   Switzerland
   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:    1819475

End of Announcement EQS News Service
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1819475 22-Jan-2024 CET/CEST