Semiannual Report 2008

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 2008
1st half 2007
Net sales 200 080 184 622
Changes in inventory 648 1 484
Other operating income 91 403
Revenue 200 819 186 509
Material expenses - 85 821 - 78 938
Personnel expenses - 53 473 - 50 302
Operating expenses - 23 887 - 22 830
Depreciation and amortization - 6 364 - 5 787
Operating income (EBIT) 31 274 28 652
Financial income 458 2 915
Financial expenses - 4 629 - 886
Financial result - 4 171 2 029
Income before taxes (EBT) 27 103 30 681
Income taxes - 5 014 - 5 527
Net Income 22 089 25 154
Earnings per share in CHF 36.20 39.22

There are no options or similar that could cause dilution.






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