BELIMO (BEAN) Q4 2024 TU earnings summary

Executive summary

• Achieved CHF 943.9 million in net sales for 2024, up 13.1% in local currencies and 9.9% in Swiss francs, driven by robust demand in the Americas, strong data center and renovation markets, and positive momentum in EMEA and Asia Pacific.

• Expansion initiatives, including capacity increases in China, Switzerland, and the US, and new product launches, supported market share gains.

• Launched new digital tools, apps, and expanded digital ecosystem partnerships to enhance product integration and retrofit capabilities.

• Submitted SBTi commitments, focusing on reducing Scope 1, 2, and 3 emissions, and advanced climate foundation initiatives.

• Achieved double-digit organic growth, validating long-term strategy and capitalizing on data center and renovation market opportunities.

Financial highlights

• Net sales reached CHF 943.9 million, up 13.1% in local currencies and 9.9% in Swiss francs year-over-year.

• Volume/mix contributed 9.8% to growth, price 2.9%-3%, with FX headwinds of -3.2%.

• Americas accounted for 46% of turnover, EMEA 41%-41.3%, Asia-Pacific 12.7%-13%.

• Control Valves made up 49.6% of turnover, Damper Actuators 45%-45.7%, Sensors and Meters 4.7%-5%.

Outlook and guidance

• Market conditions in the US expected to remain stable, with similar growth drivers as in 2024.

• Annual price increases of 1%-2% planned, reflecting normalized supply and cost environment.

• Continued focus on high-value segments like pressure-independent valves and data centers to support positive mix effects.

• Continued focus on data center solutions and digital ecosystem expansion expected to drive future growth.

• Commitment to SBTi targets and climate strategy, with ongoing investments in innovation and capacity.