Belimo Achieves Substantial Growth in Sales in 2023

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

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

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.