Bossard Announces Results for First half of 2017

The Bossard Group has markedly increased its results in the first half of 2017. Compared to the first half of 2016, net income rose an impressive 44.7 percent to CHF 45.3 million. This includes an extraordinary income of CHF 4.5 million net.

 

 

Consolidated sales rose by 15 percent to CHF 395.1 million. The acquisition strategy also contributed to this growth. Without takeovers sales grew a solid 9.5 percent to CHF 376.1 million. Soaring sales and profits in the first half of the year is yet another confirmation of our profit-oriented growth strategy. Bossard made gains in all market regions, most of all in the America business.

 

The European business, which accounts for nearly 57 percent of total sales, contributed significantly to the Group's solid performance. Sales in this market region increased 7.5 percent to CHF 223.3 million, a plus of 8.6 percent in local currency.

 

The America business is currently experiencing exceptional growth. Sales in this market region grew by 32.3 percent to CHF 114.3 million. These figures also include the acquisition of the US company Arnold Industries, which was consolidated starting in the fourth quarter of 2016.

 

The Asia business also did well in the first half of the year. Sales grew by 16.2 percent over the previous year to CHF 57.5 million.

 

Overall, the Bossard Group increased net income in the first half of 2017 by 44.7 percent to CHF 45.3 million. This upsurge includes the extraordinary income of CHF 4.5 million net that we realized from the real-estate sale of our former location in Austria. 

 

Bossard will release its detailed semi-annual report on August 22, 2017.

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