PRESS RELEASE: Belimo posts solid growth and a strong profit trend

Belimo Holding AG / Belimo posts solid growth and a strong profit trend . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

The Belimo Group increased its sales in the first half-year 2013 by 8.8 percent (7.7 percent on a currency-adjusted basis) to CHF 236.8 million. The operating margin before interest and taxes (EBIT margin) was 17.8 percent (comparison period 2012* 16.5 percent). Belimo's net income rose by 13.4 percent to CHF 33.5 million (comparison period 2012*

CHF 29.6 million).

Europe

The Europe market region grew by 9.6 percent (8.4 percent on a currency-adjusted basis). The markets of the Baltic States, Germany, France, Russia, Switzerland and Austria performed very well and made a major contribution to growth. Poland, Turkey and the Czech Republic also achieved high sales levels. Scandinavia and the Middle East were below expectations.

The actuators for fire protection applications and air dampers showed solid growth. Belimo doubled the sales of 6-way valves.

Americas

The Americas market region saw an improvement in the first half-year of 5.8 percent (5.0 percent on a currency-adjusted basis). Sales increased in all regions, whereat Canada and Latin America posted double-digit growth rates.

The first ZIP Economizers(TM) were delivered earlier this year. In addition, a new generation of the actuator product range for globe valves was introduced in the market.

Asia/Pacific

The Asia/Pacific market region increased its sales in the first half-year by 16.4 percent (14.5 percent on a currency-adjusted basis). China, India and South Korea were very successful. Australia was below expectations.

Net sales by region

Growth 1st half Share in in local cur- 1st half Share in in CHF 1,000 2013 % rencies in % 2012 % Europe 128,362 54 8.4 117,160 54 Americas 83,698 36 5.0 79,139 36 Asia/Pacific 24,717 10 14.5 21,242 10 Group 236,777 100 7.7 217,541 100

Net sales by application

Growth in local 1st half Share in currencies 1st half Share in in CHF 1,000 2013 % in % 2012 % Air 145,800 62 7.7 133,831 62 Water 90,977 38 7.8 83,710 38 Total 236,777 100 7.7 217,541 100

* Restatement due to the revised accounting standard IAS 19 Employee Benefits.

Outlook

In Europe, Belimo assumes a robust development of building investments. In the United States, the construction industry in the commercial sector should improve thanks to the economic recovery. However, cutbacks in government spending are also counteracting this trend. Belimo expects Asia to develop on a continuously positive path. India and China will be the main pillars of growth in this region. Overall, Belimo should be able to continue ahead on its stable expansion path combined with a solid profit trend.

Belimo Group key figures

1st half 1st half Change in CHF 1,000 (unless specified otherwise) 2013 2012 restated* in % Net sales 236,777 217,541 8.8 Operating income (EBIT) 42,184 35,978 in percent of net sales 17.8% 16.5% 17.2 Net income 33,530 29,567 in percent of net sales 14.2% 13.6% 13.4 Cash flow from operating activities 37,333 41,084 in percent of net sales 15.8% 18.9% -9.1 Free cash flow 28,046 29,493 in percent of net sales 11.8% 13.6% -4.9 Earnings per share, in CHF 54.96 48.48 13.4 Investments 9,418 12,377 -23.9 Number of employees (FTEs, six-month average) 1,252 1,187 5.5

* Restatement due to the revised accounting standard IAS 19 Employee Benefits (see note 1.4, pages 9 to 12 in the Semiannual Report 2013).

The Belimo Group is a leading global manufacturer of innovative electrical actuator solutions for heating, ventilation and air-conditioning systems. The Group generated sales of CHF 445 million in 2012 and employs more than 1,300 people. Information about the company and its products is available on the internet at www.belimo.com/investorrelations.

The shares of BELIMO Holding AG have been traded on the SIX Swiss Exchange since 1995 (BEAN).

Link to the 2013 Semiannual Report (PDF): http://www.belimo.com/pdf/ar/2013/belimo_hjb13_c8x3k9_e.pdf

Contact Beat Trutmann, CFO Phone +41 43 843 62 65

Key dates Semiannual Report 2013 August 6, 2013 Publication of 2013 preliminary results February 12, 2014 Media information session/ Publication of 2013 Annual Report March 17, 2014 Annual General Meeting 2014 April 14, 2014

The press release can be downloaded from the following link:

Press release (PDF): http://hugin.info/100133/R/1721097/573142.pdf

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Source: BELIMO Holding AG via Thomson Reuters ONE

HUG#1721097

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BELIMO Holding AG

Brunnenbachstrasse 1 Hinwil

ISIN: CH0001503199;

http://www.belimo.com (END) Dow Jones Newswires

   August 06, 2013 01:01 ET (05:01 GMT)- - 01 01 AM EDT 08-06-13