Belimo with solid growth and increased innovative capacity
Hinwil, March 13, 2017, 07:00 a.m. - Belimo can look back at a successful year. Sales in Swiss francs increased 8.2 percent to CHF 533.7 million. In currency-adjusted terms, this equals organic growth of 6.8 percent. As expected, the higher growth seen in the first half-year of 2016 could not be continued in the second half. Not only sales growth, but also continuous investments in efficiency improvements over the past few years contributed to a solid operating income (EBIT) of CHF 87.0 million (EBIT margin 16.3 percent). Net income rose by 24.1 percent year-on-year to CHF 69.8 million. Currency effects had a negative impact on the net income of previous year. Earnings per share were CHF 113.51.
Return on equity (ROE) was 19.8 percent and return on invested capital (ROIC) 23.8 percent. Cash flow from operating activities rose by 28.3 percent to CHF 90.3 million, the free cash flow by 102.9 percent to CHF 75.2 million. In the previous year, the investments in the expansion of the logistics building in Hinwil lowered the free cash flow.
The Board of Directors proposes a dividend of CHF 75 per share to the annual general meeting on Monday, April 3, 2017.
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