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Belimo Holding AG: Substantial Increase in Sales and Profitability for First-Half Year 2021 Expected

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Belimo Holding AG / Key word(s): Development of Sales

07-Jun-2021 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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 June 7, 2021, 07:00 a.m. CEST

Press Release of the Belimo Group

BELIMO Holding AG: Substantial Increase in Sales and Profitability for First-Half Year 2021 Expected

Due to continuous high customer demand, the Belimo Group expects a substantial increase in sales and profitability for the first half-year of 2021 compared to the previous year period. However, the outlook for the full financial year 2021 remains uncertain.

In the first few months of 2021, Belimo recorded consistently high demand in all three market regions. Thus, the Group expects a sales increase of around 10 percent in the first half of 2021 compared to the previous year period.

Due to the gratifying sales development in combination with still reduced travel and marketing expenses and an improved financial result, the result for the first half of 2021 is set to be substantially higher than that achieved in the same period of the previous year.

In particular, the COVID-19 pandemic has had an adverse impact on the second quarter of 2020. As a result, comparing figures with the same period of the previous year is of limited use. However, Belimo expects sales growth also in comparison with the first semester of 2019. The Semiannual Report will be published on July 22, 2021.

Uncertain Outlook for Full Financial Year 2021
Due to the ongoing COVID-19 pandemic, the outlook for the full financial year 2021 remains subject to risks and uncertainties. Particularly, Belimo continues to expect raw materials' price hikes and supply shortages for parts and components to occur, which could, in turn, dampen construction activity and occasionally increase product lead times.


The Belimo Group is a leading global manufacturer of innovative electrical actuator, valve, and sensor solutions for heating, ventilation, and air conditioning systems. The Company reported sales of CHF 661 million in 2020 and has around 1,900 employees. Information about the Company and its products is available on the internet 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 62 32

 

 

Gérard Moinat, IRO

 

+41 43 843 63 80

 

 

 

 

 

Agenda

 

Publication of Semiannual Report 2021

 

July 22, 2021

 

 

Belimo Capital Markets Day

 

September 8, 2021

 

 

Publication of Sales 2021

 

January 20, 2022

 

 

Media and Financial Analysts Conference on the 2021
Financial Statements

 

March 7, 2022

 

 


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:

ir@belimo.ch

Internet:

www.belimo.com

ISIN:

CH0001503199

Listed:

SIX Swiss Exchange

EQS News ID:

1204671


 

End of Announcement

EQS Group News Service

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