BELIMO Holding AG (0QMR) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, good morning, everyone, and a warm welcome from my side. It's a great pleasure that we can have this earnings call this Monday morning. I'm here together with Annabelle Lehner. She will later on moderate the question and answer. Before we start, a couple of logistics remarks. You've all been muted and your camera has been turned off. We'll remain that until we'll start with the question and answer, and then you will have the opportunity to raise the hand and ask your question. Without any further ado, let's go into the main content of today. So we'll start with a short overview of the first half here, then we will go into the business highlights. and start with the financial overview and then have a brief view into the outlook before we will hand over to the questions and answer. So the first half year of 2025 was extremely successful. We had a very strong net sales growth of 21% in local currency or almost 19% in Swiss francs in our reporting currency. So an overall amount of 562 million. That's ahead of the five year average. Especially strong was the Americas with sales growth of more than 30% in local currency. that's also very much supported by the favorable overall business but obviously also by the strong data center business from an operating point of view also the strong growth led to strong increase of our ebit performance so we had an ebit of 128 million that corresponds to an ebit margin of 22.8 percent So that's despite some headwinds from the FX development and there the main drive was obviously the operational leverage we enjoyed in the first half year. Also from a free cash flow point of view, very successful and very strong operational cash flow and then some elevated CapEx requirements due to our capacity expansion program. We'll come to that....