Belimo Reports 29.6% Sales Growth in H1 2026 Driven by AI Cooling Solutions
Belimo Holding's sales surged 29.6% to CHF 676.4 million in H1 2026, primarily due to cooling solutions for data centers, indicating strong demand linked to AI technologies. The company anticipates continued growth but acknowledges potential challenges from pricing measures and base effects in H2 2026.
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Belimo Holding's net sales reached CHF 676.4 million in the first half of 2026, marking an increase of 29.6% in local currencies. The EBIT rose by 19.1% to CHF 152.5 million, with a margin of 22.5%. Notably, sales in the Asia Pacific region climbed 58.0%, driven predominantly by data center demand, while EMEA grew 14.1%.
The Control Valves segment, constituting 58% of total sales, grew 48.3%. Operational cash flow decreased to CHF 83.8 million, reflecting increased working capital. Belimo expects an EBIT margin above 20% for the full year, although sales growth may face pressures from annualization effects.
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