Belimo: Improving Momentum and Sustained Progress - July 22, 2024

In the first half of 2024, Belimo achieved net sales growth of 9.7% in local currencies versus the first half of 2023, supported by positive trends such as energy efficiency measures in existing buildings and the growth of data centers. In Swiss francs, net sales increased by 5.6% to CHF 473.5 million, supported by the return of volume growth, as well as further positive contributions from product mix and pricing. With that, the Company’s solid organic growth trajectory continues in 2024 despite ongoing economic challenges in several major countries and vertical markets.