BELIMO Holding AG is enhancing their appeal for start-ups and innovative ideas in the heating, ventilation, and air conditioning industries (HVAC) with BELIMO InnoVision AG. The newly founded BELIMO InnoVision AG will get operational in June 2019 with a majority shareholding investment in a first start-up company.

At the Annual General Meeting 2019 the shareholders approved all motions by the Board of Directors. The Chairman of the Board of Directors Prof. em. Dr. Hans Peter Wehrli as well as the member of the Board of Directors Martin Hess have retired as announced. All other members were re-elected for a further term of office of one year.

Belimo is looking back at a successful financial year: Sales in Swiss francs increased by 10.8 percent to CHF 642.4 million, corresponding to a growth of 9.6 percent when adjusted for currencies. The Group has succeeded in achieving an operating income (EBIT) of CHF 109.8 million, which equates to an EBIT margin of 17.1 percent. Net income rose with respect to the comparison period by 11.3 percent to CHF 86.2 million.

The Chairman of the Board of Directors, Prof. em. Dr. Hans Peter Wehrli, and the member of the Board of Directors, Martin Hess, will retire at the Annual General Meeting in Rapperswil of April 1, 2019.

The Board of Directors of the BELIMO Holding AG has appointed Louis Scheidegger (53) a member of the Group Executive Committee as of March 1, 2019.

The Belimo Group continued its successful growth path and further strengthened its market position. Sales grew significantly in all market regions. In Swiss francs, net sales rose by 10.8 percent to CHF 642.4 million. In currency-adjusted terms, this equals to an overall growth of 9.6 percent. Adjusted for currencies, sales in the Europe market region grew by 9.5, in the Americas by 8.4 and in Asia Pacific by 13.8 percent. Air and water applications increased by 9.4 percent and 9.8 percent respectively in local currencies.