Belimo demonstrated substantial sales growth in a year characterized by inflation pressures, rising interest rates, and slowing business momentum in the construction industry. In 2023, net sales grew 7.2% in local currencies and 1.4% in Swiss francs to CHF 858.8 million.
The Americas market region reported impressive results with a sales growth of 7.7% in local currencies. This follows an extraordinary previous year in which Belimo was able to gain significant market share due to delivery issues in the industry. This led to a substantial baseline effect, particularly in the second half year of 2022.
EMEA market region growth
In the face of a challenging construction market, the EMEA market region achieved solid sales growth of 6.4% in local currencies thanks to a strong focus on retrofit opportunities.
The Asia Pacific market region registered an increase in sales of 8.2% in local currencies. Belimo India, along with other regional subsidiaries, performed exceptionally well, compensating for the challenging circumstances in China.