In this Research Note, we examine the 2025 financial results of Belimo Group, a leading player in the building controls sector. This article is based on their sales development investor presentation of 19th January 2026. We previously covered Belimo in a January 2025 research note. Belimo Holding AG, a listed company on the Swiss Stock Exchange, is headquartered in Hinwil, Switzerland with over 2,500 employees. The group is a global supplier of field devices for the energy-efficient control of HVAC systems. Their core business is the manufacture of damper actuators, control valves, sensors, and meters for building control applications. Belimo 2025 Financial Highlights In 2025, Belimo Group net sales grew 23.3% in local currencies to CHF 1,121 million. The company attributed this strong performance to their strong market position and the continuous execution of its growth strategy. Despite a slowdown of global non-residential construction spending, growth was accelerated in both Belimo’s traditional HVAC business and data […]