Belimo's Buy Rating Kept as Berenberg Notes 'Exceptionally Strong' H1 Results

05:50 AM EDT, 08/19/2026 (MT Newswires) -- Berenberg maintained its buy rating on Belimo (BEAN.SW) as analysts noted the company's "exceptionally strong" first-half results and a potential data center-related boost. The Swiss heating, ventilation, and air-conditioning control devices company reported first-half net sales of 676.4 million francs, up from 561.5 million francs a year ago. EBIT grew to 152.5 million francs from 128.1 million francs earlier. For full-year 2026, Belimo continues to expect an EBIT margin of above 20%. "We expect management to continue to demonstrate disciplined cost management and the company to benefit from higher margins in data centre applications. We expect the EBIT margin to move to above 23% by 2028," the research firm said. Berenberg left its EBIT, sales and EPS forecasts for 2026 to 2028 unchanged. As such, the stock's price target was maintained at 1,100 francs. "The opportunity is no longer simply about more data centre MW (megawatt) being built. AI is dramatically increasing rack density and therefore the amount and complexity of cooling required per MW. Liquid cooling means more coolant distribution units (CDUs), heat exchangers and hydronic loops and increasingly precise management of flow, temperature and pressure," analysts wrote.