March 12 (Reuters) - BELIMO HOLDING AG ::FY SALES INCREASED BY 8.7 PERCENT TO CHF 579.9 MILLION.FY SOLID OPERATING INCOME (EBIT) OF CHF 92.6 MILLION, CORRESPONDING TO AN EBIT MARGIN OF 16.0 PERCENT.FY NET INCOME ROSE BY 11.1 PERCENT YEAR-ON-YEAR TO CHF 77.5 MILLION.PROPOSES A DIVIDEND OF CHF 85 PER SHARE.
Belimo Holding AG : In the first half-year 2016, the Belimo group increased its sales by 12.9 percent to 273.9 million Swiss francs ($283.51 million), adjusted for currencies by 10.2 percent. . H1 operating income before interest and taxes (EBIT) for the first half-year 2016 amounted to 46.9 million Swiss francs, which equates to an operating margin of 17.1 percent . H1 net income amounted to 37.8 million francs (comparison period 2015 23.0 million francs). . Sales should develop stable in the second half-year compared to the first half-year. . A recovery in the second half-year in Russia and the Middle East is not expected . It will be challenging to maintain the high growth rate of the first half-year 2016 until year-end. . However, the decided exit of the United Kingdom from the European Union could affect the market development in Europe .In Asia/Pacific, particularly in China, a slowdown in construction activity is assumed.