Article

Belimo’s shares have declined from over 900 to nearly 700 CHF in 2023, despite the company’s strong fundamentals. The demand for efficient HVAC systems, driven by stricter energy standards in new constructions and the renovation market, presents growth opportunities.

Data centers now contribute 17% to Belimo’s revenue, equating to 1.12 billion CHF. Risks include currency fluctuations affecting its US revenue and potential technological shifts in cooling systems. Belimo’s asset-light model enhances supply chain flexibility, aiding in crisis resilience. Despite concerns over high valuations, the company remains a strong performer with significant market share.