Belimo Pursues Its Growth Path in a Demanding Environment - March 4, 2024

Hinwil (Switzerland), March 4, 2024, 07:00 a.m. CEST - Belimo achieved strong results and continued to deliver on its growth strategy despite complex economic conditions.

Belimo pursued its long-term growth and investment strategy unwaveringly and successfully throughout 2023. Thanks to highly engaged employees and a strong network of suppliers, Belimo was able to master the year’s challenges exceptionally well. In line with its strategy, the Group welcomed almost 100 additional new talents during the year under review. To sustain future business, CHF 76.0 million, equivalent to 8.9% of net sales, was invested in research and development, amongst other things for the most advanced platform for building automation field devices. A platform that will allow for a seamless design, installation, and commissioning experience across the product range offering, as the field devices will become more integrated and require consistent interfaces in the evolving building automation architecture.

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