Acquisitions Consolidate Bossard’s Market Presence

The Bossard Group continues to grow. However, as expected the appreciation of the Swiss franc has left its mark on both sales and profitability in the first half of 2015. On balance, sales increased by 5.4 percent to CHF 336.4 million, and by as much as 9.0 percent in local currency. This growth is, however, largely due to the acquisitions in the first months of this year. The weight of negative currency and demand trends, particularly in Switzerland, had a significant impact on earnings, thus the EBIT declined from CHF 41.0 million to 37.8 million. In comparison to last year, the operating margin fell from 12.8 percent to 11.2 percent, but is still at a high level compared to other companies in the sector. The above effects also resulted in a lower net income which decreased from last year’s record of CHF 32.3 million to 29.6 million. More detailed financial reports please visit Bossards’s website.

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