Maintaining Long-Term Focus in Challenging 2020
Hinwil, March 8, 2021, 07:00 a.m. - Belimo performed well in a highly uncertain environment and a contracting HVAC market. The Group managed to maintain sales in local currencies and expand market shares across regions.
An overall shrinking and volatile market, globally stressed supply chains and the implementation of strict hygiene measures called for everyone’s utmost effort at Belimo in 2020. Given these challenges, Belimo performed well. The Company maintained steady sales in local currencies (+/- 0.0 percent) despite a contracting Heating-, Ventilation and Air Conditioning (HVAC) market due to shut construction sites and restricted access to buildings.
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