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BELIMO GROUP
SWISS EXCHANGE

Belimo has been designing, manufacturing and marketing electric actuators for motorized control devices in heating, ventilating and air-conditioning systems since 1975. The company’s innovative, high-class technology ensures troublefree operation for all kinds of HVAC control devices. This not only means greater comfort and convenience, of course, but also greater safety for property and the occupants of buildings. 
Belimo products are helping to improve the economic performance of all kinds of HVAC plant and equipment. The simple, well-thought-out designs of the company’s long-life actuators, made of top-quality materials, greatly reduce the cost of installation and upkeep. Their excellent functionality and precision allow HVAC systems to achieve optimum performance and so reduce power consumption.

Depuis 1975, Belimo développe, produit et distribue des servomoteurs électriques pour la motorisation d'organes de réglage dans les installations de chauffage, ventilation et climatisation. Sa technologie innovante et fiable garantit un fonctionnement sans risque des dispositifs de réglage et de régulation. Cela apporte non seulement plus de confort et de bien-être, mais aussi une plus grande protection des personnes et des biens dans les bâtiments.
Les produits Belimo contribuent à l'augmentation de la rentabilité dans les applications de CVC. Ces servomoteurs longue durée, fabriqués en matériaux de haute qualité réduisent, par leur maniement simple et un concept bien étudié, les frais d'installation et de maintenance.Une conception et une précision élevées permettent d'obtenir un fonctionnement optimal des installations de CVC et de réduire leur consommationen énergie


Press release - Hinwil, February 21, 2007, 7.00am
BELIMO Holding AG, Hinwil wishes to announce that CEO Dr Andreas E. Steiner is resigning from the company after eight years in office. The Board of Directors will announce details of the arrangements as to his successor at the appropriate time. 

Belimo achieves strong growth in sales and profits
Media release - Hinwil, February 15, 2007, 07:00 a. m.
Publication of the Belimo Group
The Belimo Group, a world leader in electrical actuators for heating, ventilation and air conditioning systems, can look back on a highly successful financial year in 2006. Net sales in Swiss francs rose by 16 percent to approximately CHF 325 million. Net sales in local currencies were up some 20 percent in Europe, 5 percent in the Americas and 15 percent in Asia/Pacific, which corresponds to a total increase of around 14 percent.
All in all the Group was again able to raise operating profitability, so a very good operating result can be expected.
Belimo expects growth to continue in 2007. Investments in research and development will remain high.

The Belimo Group will publish its definitive results and its 2006 annual report on April 2, 2007.
Publication of the Belimo Group Semiannual Report 2006
Double-digit sales growth and enhanced profitability

Belimo Group, the world leader in electric actuators for heating, ventilating and air-conditioning systems, continued to grow in the first six months of 2006. Sales, operating income and net income all rose compared with the same period a year ago.

Sales increased to CHF 159.5 million, 16.7 percent up on the comparison period the previous year; this corresponds to a rise of 11.5 percent in local currency terms. Net income increased by 27.6 percent to CHF 20.5 million. The operating income margin was 16.5 percent (2005 comparison period: 14.1 percent).

Europe
The European business performed extremely well compared to last year. The markets in Germany and France managed to recover. Austria, Poland, Russia and Ukraine posted above-average results. In Eastern Europe, investments in comfort and safety systems continue undiminished. Safety applications (fire protection dampers) continue to be motorized.

Americas
The market for equipment in non-residential property construction did well. The trend toward rooftop units with factory-fitted control and actuating systems led to a noticeable reduction in the need for traditional actuators for equipment installed on site. Consequently, growth in the US was slight. Sales in Canada and Latin America remained very promising. 

Asia/Pacific
Markets in the Asia/Pacific region progressed nicely in the first six months. The reorganization of the sales channels initiated in 2005 is yielding results.

in CHF 1'000      1st half 2006      Share in %      1st half 2005      Share in % 
Europe 83'029 52% 68'773 50% 
Americas 66'166 41% 59'304 44% 
Asia/Pacific 10'340  7% 8'594 6% 
Total 159'535 100% 136'671 100% 

Measured in local currencies, Europe achieved the highest sales growth at 20.2 percent, followed by the Asia/Pacific region at 11.0 percent and the Americas at 1.6 percent

Applications
Demand for safety damper actuators in ventilation equipment continued to grow. The introduction of New Generation actuators is starting to bear fruit and made a particular contribution to the above-average growth seen in applications for characterized control valves and butterfly valves.

in CHF 1'000 1st half 2006      Share in %      1st half 2005      Share in % 
Air applications 108'795 68% 96'339 70%
Water applications 50'740 32% 40'332 30% 
Total 159'535 100% 136'671 100% 

In local currency terms, sales in air applications grew by 8.7 percent, and sales in water applications by 18.3 percent.

Outlook
The Board of Directors expects no major changes to the general market conditions in the second half of 2006. Slightly stronger growth is expected in the Americas. Uncertainty surrounding the US dollar exchange rate will remain a factor.

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