In this Research Note, we examine the Belimo Group, based on their 2022 annual report, investor presentations, financial results announced on 6th March 2023 and their long-term growth strategy in the building automation field devices sector. Belimo Group, a listed company on the Swiss Stock Exchange, is headquartered in Hinwil, Switzerland with over 2,000 employees. The group is a market leader in field devices for the energy-efficient control of HVAC systems. The focus of their core business is on damper actuators, control valves, sensors and meters. Belimo Media and Financial Analysts Conference Presentation, 6th March 2023 Belimo posted strong 2022 results in a demanding environment. With an organic sales growth of 11.9% in local currencies, 2022 revenue developed ahead of the five-year growth average (compound annual growth rate 2016–2021) of 8.8% in local currencies. In Swiss francs, net sales grew 10.7% to CHF 846.9 million (over $904 million). Despite substantial increases in material expenses and […]