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Media release – Hinwil, March 17, 2008, 7.00 a.m.

Media information on Belimo Group results for the financial year 2007

Belimo demonstrates strong growth in sales and profits

The Belimo Group, a global leader in electrical actuators for heating, ventilation and air conditioning systems, can look back on a successful year in 2007. The company grew faster than the market in all regions. At the same time, profitability was further increased.

Net sales in Swiss francs rose by 14.4 percent to CHF 372 million. Earnings before interest and tax (EBIT) improved to CHF 57.5 million, representing an operating profit margin of 15.5 percent (previous year 15.0 percent). Net income also increased significantly by 18.1 percent to CHF 46.1 million. The return on equity came to 31.1 percent (previous year 26.2 percent).

The Board of Directors will propose a dividend of CHF 45.-- per share to the Annual General Meeting on April 21, 2008.

As a result of the share buyback programme that was completed in September 2007, the Board of Directors will also propose to the Annual General Meeting that 35 000 registered shares be cancelled, thereby reducing the share capital to CHF 615 000.

Growth in all markets

Central Europe made a noticeable recovery, which had a positive effect on our business. We steadily expanded our existing strong position in East European countries. Thanks to the expansion of our distribution network and increased customer loyalty, we also succeeded in making significant improvements in our market position in Asia/Pacific. The Americas, too, achieved excellent growth rates - markedly higher in individual areas.

Net sales by market

in CHF 1000s
2007 % 2006 %
Europe 206'150 56 175'402 54
Americas 139'047 37 128'375 39
Asia/Pacific 26'623 7 21'311 7
Total 371'820 100 325,089 100

Net sales in local currencies rose in Europe by 14.7 percent, in the Americas by 12.6 percent and in Asia/Pacific by around 28.7 percent. Overall, this gives an increase of 14.8 percent.

Net sales by application sector

in CHF 1000s
2007 % 2006 %
Air applications 248'407 67 220'057 68
Water applications 123'413 33 105'032 32
Total 371'820 100 325'089 100

Expressed in local currencies, sales of air applications grew by 12.4 percent and sales of water applications were up 19.7 percent.

Strengthening innovation

Belimo is keen to further strengthen its innovative capacity and modified its organisational structure on January 1, 2008. The previous Technology unit has now been integrated into the three group divisions: Innovation, Production and Customizing/Distribution.
The assortment of safety-related actuators is being redesigned and equipped with the latest motor technology and microelectronics. Further potential in the area of actuator and valve technology is being systematically examined and explored. Sensor technology will gain increasing importance as a complement to actuators.

Outlook 2008

The Belimo Group will continue to make substantial investments in research and development and constantly expand sales channels in attractive new markets in 2008. Despite the current credit crisis and fears of recession, we expect our business activities, which relate almost entirely to commercial construction, to perform well. The Belimo Group is confident that it will be able to continue its growth strategy successfully in 2008.

Key figures of the Belimo Group for the 2007 financial year

in CHF 1000 2007 2006 Change in %
Net sales 371,820 325,089 14.4
Operating profit (EBIT) 57,477 48,752 17.9
- as a percentage of net sales 15.5% 15.0%
Net income 46,090 39,026 18.1
- as a percentage of net sales 12.4% 12.0%
Earnings per share in CHF 73.08 60.87 20.1
Dividend per share in CHF *45 30 15.4
Nominal share capital repayment in CHF 9
Investments 13,963 9,558 46.1
Research and development expenditure 22,507 18,875 19.2
- as a percentage of net sales 6.1% 5.8%
Employees (FTEs, average) 970 891 8.9
* Proposal to the General Meeting of Shareholders on April 21, 2008



The Belimo Group is a leading global manufacturer of innovative electrical actuator solutions in heating, ventilation and air conditioning systems. The Group achieved sales of CHF 372 million in 2007 and employs more than 1000 people. Information regarding the Company and its products is available on the internet at www.belimo.com.

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

There will be a media information session on the 2007 financial statements in the WIDDER HOTEL in Zurich today, starting at 10.30 am.




Contact person Beat Trutmann, CFO Tel.: +41 (0)43 843 62 65
Agenda Annual General Meeting April 21, 2008
Semiannual results and shareholder letter August 2008
Publication of preliminary results for 2008 February 2009
Year-end media information session March 16, 2009
Annual General Meeting April 27, 2009
 
 
 
 
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