Semiannual Report 2006

Consolidated financial statements of the Belimo Group

Balance sheet (condensed)
Income statement (condensed)
Statement of changes in equity (condensed)
Cash flow statement (condensed)

Income statement (condensed)
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in CHF 1 000

1st half 2006
1st half 2005
Net sales 159 535 136 671
Changes in inventory 1 686 -1 713
Other operating income 335 863
Revenue 161 556 135 821
Material expenses - 67 250 - 56 202
Personnel expenses - 43 602 - 39 666
Operating expenses - 19 665 - 16 545
Depreciation and amortization - 4 753 - 4 144
Operating income (EBIT) 26 286 19 264
Financial result - 1 014 1 014
Income before taxes (EBT) 25 272 20 278
Income taxes - 4 802 - 4 236
Net Income 20 470 16 042
Earnings per share in CHF 31.92 24.88

There are no options or similar that could cause dilution.






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