AI Terminal
BELIMO Holding AG
Earnings Release • Jan 20, 2022
835_rns_2022-01-20_3e35d44a-dda0-4287-a0fd-67b95c02a283.html
Earnings Release
Open in ViewerOpens in native device viewer
News Details
Ad-hoc | 20 January 2022 07:00
Belimo Holding AG: Excellent Supply Chain Management Enables Belimo to Grow Top-Line Double-Digit
Belimo Holding AG / Key word(s): Development of Sales
20-Jan-2022 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
Release of an ad hoc announcement pursuant to Art. 53 KR
Hinwil (Switzerland), EMBARGOED UNTIL January 20, 2022, 7.00 a.m. CET
Press Release of the Belimo Group
Excellent Supply Chain Management Enables Belimo to Grow Top-Line Double-Digit
The year 2021 was excellent for Belimo, and double-digit top-line growth was achieved across all regions. The two long-term growth drivers – improved energy efficiency of the global building stock and enhanced indoor air quality requirements – were fuelled by pent-up demand. The resulting strong demand could be fulfilled thanks to the Group’s excellent supply chain management.
All in all, Belimo increased net sales in local currencies by 16.6 percent. In Swiss francs, net sales grew by 15.7 percent to CHF 765.3 million. The positive market trends accentuated demand most prominently in Europe and the Americas. In local currencies, sales in the Europe market region rose by 15.9 percent while increasing by 18.1 percent in the Americas. In the Asia Pacific market region, Belimo posted net sales growth of 14.4 percent. Net sales growth in air applications and water applications was 15.5 and 17.9 percent, respectively, in local currencies.
Net Sales by Market Regions
| in CHF 1,000 | 2021 | % | Growth in local currencies in % |
2020 | % | |||
| Europe | 375,556 | 49 | 15.9 | 322,285 | 49 | |||
| Americas | 291,387 | 38 | 18.1 | 253,875 | 38 | |||
| Asia Pacific | 98,400 | 13 | 14.4 | 85,067 | 13 | |||
| Group 1) | 765,343 | 100 | 16.6 | 661,226 | 100 |
Net Sales by Applications
| in CHF 1,000 | 2021 | % | Growth in local currencies in % |
2020 | % | |||
| Air | 423,381 | 55 | 15.5 | 368,415 | 56 | |||
| Water | 341,961 | 45 | 17.9 | 292,812 | 44 | |||
| Total 1) | 765,343 | 100 | 16.6 | 661,226 | 100 |
1) Due to rounding, amounts presented may not add up precisely to the totals provided.
Capacity Expansion
The strong growth of 2021 accelerates the capacity expansion as stipulated by the Belimo growth strategy. The Group will expand capacities in production, logistics, and customization over the following years with higher investments in all market regions. Corresponding projects have already been initiated in 2021:
– In the Europe market region, Belimo has signed a contract to purchase a piece of land next to the existing building in Hinwil (Switzerland) to accommodate expansions in logistics and customization.
– In the Americas market region, logistics capacity in the Connecticut (USA) location was expanded to support future growth and high on-time performance.
– In the Asia Pacific market region, Belimo purchased its existing Shanghai (China) location to account for additional capacities and space for warehousing, customization, logistics, and offices.
The Belimo Group is a leading global manufacturer of innovative damper actuator, control valve, and sensor/meter solutions for heating, ventilation, and air conditioning systems. The Company reported sales of CHF 765 million in 2021 and has approximately 2,000 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).
| Contact | Dr. Markus Schürch, CFO | +41 43 843 61 72 | ||
| Gérard Moinat, IRO | +41 43 843 63 80 | |||
| Agenda | Publication of Annual Report 2021 / Media and Financial Analysts Conference |
March 7, 2022 | ||
| Annual General Meeting 2022 | March 28, 2022 |
Additional features:
File: Excellent Supply Chain Management Enables Belimo to Grow Top-Line Double-Digit
End of ad hoc announcement
| 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: | [email protected] |
| Internet: | www.belimo.com |
| ISIN: | CH0001503199 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1270544 |
| End of Announcement | EQS News Service |