Bossard Group Reports Semi-Annual Report 2016

In an intractably challenging market environment, the Bossard Group continued to grow during the first half of 2016 and bolstered profitability.

Sales grew by 2.1 percent over the previous year to CHF 343.6 million. The positive growth dynamics in key markets were especially evident in the second quarter, during which sales grew by 3.3 percent compared to a modest 0.9 percent in the first quarter. The operating profit (EBIT) for the first six months grew by 4.3 percent to CHF 39.4 million (up from CHF 37.8 million last year). This boosted the operating margin to 11.5 percent – up from 11.2 percent last year when there had been increased margin pressure as a direct result of the appreciation of the Swiss franc. This margin growth again reflects Bossard’s profit-oriented strategy. Net income rose by 5.6 percent to CHF 31.3 million during the first half of 2016 (up from CHF 29.6 million last year)