Belimo seen up on stronger profitability in H1
RefinitivLess than 1 min read
** Shares in Belimo BEAN are seen up 1.9% in pre-market indications after the Swiss heating and ventilation solution maker posted better-than-expected H1 profitability
** Belimo posts H1 EBIT of 128.1 million Swiss francs($159.95 million), up 37.7% from 93 million Swiss francs a year earlier
** Vontobel says the Swiss company delivered a very dynamic growth in H1, with favorable mix driving margins up stronger-than-expected
** The broker expects a modestly positive share price reaction driven by the better-than-expected profitability in the period
** Belimo confirmed its FY guidance for 2025
** The stock, which has gained 48.5% YTD, is seen at the top of Switzerland's mid-cap index (.SMIM)
($1 = 0.8009 Swiss francs)
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