|Belimo posted excellent results in the first half of 2022 despite a challenging environment. With a few exceptions, the Group maintained its high product availability throughout the reporting period. In local currencies, Belimo posted a net sales growth of 9.1 percent compared with the first half of 2021. In Swiss francs, net sales rose by 8.2 percent to CHF 416.4 million. Belimo reported earnings before interest and taxes (EBIT) of CHF 76.7 million, which corresponds to an EBIT margin of 18.4 percent. Net income decreased slightly by 3.8 percent to CHF 61.3 million mainly due to the unfavorable movement of European currencies.