Press release - Hinwil, February 7, 2008, 7.00 a.m.
Latest press release from Belimo Group
Belimo Group, a global leader in electrical actuators and valves for heating, ventilation and air conditioning systems, can look back on a highly successful 2007. In Swiss francs, net sales rose by 14.4 percent to around CHF 372 million. In local currencies, net sales rose by around 15 percent in the Europe region, about 13 percent in the Americas and roughly 29 percent in Asia/Pacific. This represents an increase of approximately 15 percent in total, all of it organic.
Consequently, we are pleased to say that strong growth was achieved last year in all market regions and in both application sectors, and very good profit figures can be anticipated for 2007. The final results and the annual report for the year 2007 will be published on March 17, 2008.
The Belimo Group will continue to make substantial investments in research and development and steadily expand its sales channels in attractive new markets in 2008. Despite the current credit crisis and fears of recession, we expect our business activities, which relate almost entirely to commercial building, to develop well. The Belimo Group is confident that it will be able to successfully continue its growth strategy in 2008.
The Belimo Group is a leading global manufacturer of innovative electrical actuator solutions in heating, ventilation and air conditioning systems. The Group achieved sales of CHF 372 million in 2007 and employs more than 1000 people. Information regarding the Company and its products is available on the Internet at www.belimo.com.
The shares of BELIMO Holding AG have been traded on SWX Swiss Exchange since 1995 (BEAN).
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Contact |
Beat Trutmann, CFO |
Tel. +41 (0)43 843 62 65 |
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Agenda |
Year-end media information session |
March 17, 2008 |
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Annual General Meeting |
April 21, 2008 |
The press release can be downloaded from the following link:
