Belimo reports broadly based growth and solid profitability
Hinwil, March 12, 2018, 7:00 a.m. - Belimo can look back on a good financial year. Sales in Swiss francs increased by 8.7 percent to CHF 579.9 million. In currency-adjusted terms, this equals a growth of 8.2 percent. Belimo increased its expenses on research and development by CHF 6.7 million in order to improve innovative capacity while nevertheless achieving a solid operating income (EBIT) of CHF 92.6 million, corresponding to an EBIT margin of 16.0 percent. Net income rose by 11.1 percent year-on-year to CHF 77.5 million. Earnings per share were CHF 126.06.
Return on equity (ROE) was 19.8 percent, while the return on invested capital (ROIC) was 23.4 percent. Cash flow from operating activities declined by 8.8 percent to CHF 82.3 million. Free cash flow amounted to CHF 54.9 million.
The Board of Directors proposes a dividend of CHF 85 per share at the 2018 annual general meeting.
> Read the complete press release by using below link.