Belimo: Pleasing business performance in a difficult environment
(Thomson Reuters ONE) - BELIMO Holding AG / Belimo: Pleasing business performance in a difficult environment processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. Hinwil, February 5, 2010, 7:00 a.m.Press release from the Belimo GroupThe Belimo Group, global leader in actuator solutions for regulating andcontrolling heating, ventilation and air conditioning systems, can look back ona solid performance in the financial year 2009.Group sales fell just short ofthe previous year's due to a contraction in some markets and weaker foreigncurrencies. The most seriously affected were individual European countries andapplication areas. The growth achieved in the Americas is a positive sign in thecurrent market environment, and Asia/Pacific also continued its upward trend.In Swiss francs, net sales fell by 4.4 percent to around CHF 386 million, adecline of 1.5 percent in local currencies.While Europe was down by 5.2 percent,the Americas gained 1.8 percent and Asia/Pacific 12.7 percent. Air and waterapplications posted changes of -6.0 and +7.2 percent respectively in localcurrencies.The Belimo Group expects once again good operating results (EBIT) and also anincrease in net income over last year amongst others due to more stable foreigncurrency trends.Detailed information on 2009 as a whole will be announced at themedia information session on March 8, 2010.The Belimo Group is a leading global manufacturer of innovative actuatorsolutions for heating, ventilation and air-conditioning systems. The Groupachieved sales of CHF 386 million in 2009 and employs more than 1100 people. Forinformation on the company and its products, visitwww.belimo.com/english/investor/glance.cfm
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Datum: 05.02.2010 - 01:01 Uhr
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