High demand continues – considerable increase in sales and profit expected in the first half of 2021.
The Bossard Group already posted a notable increase in sales in the first quarter of 2021 compared to the prior year period (+11.8 percent), and the high demand continues. The Group therefore expects a considerable increase in sales and profit in the first half of 2021.
The positive sales trend from the first quarter of 2021 continued in the second quarter of 2021 in all three market regions. For the first half-year 2021, the Group expects sales to in-crease by more than 20 percent compared to the prior year period. This means that sales and profit will not only be materially above last year’s COVID-19-influenced first half, but also above the first half-year 2019.
Due to the ongoing COVID-19 pandemic, the outlook for the full financial year remains sub-ject to uncertainties and risks. The situation on the supply market is likely to remain tense in the second half of the year, so that further price increases and longer delivery times are to be expected.
The first results for the first half of 2021 will be released on July 14, 2021. The semi-annual report for 2021 will be published on August 24, 2021, as part of ordinary reporting.
The Bossard Group is a leading global provider of product solutions and services in
industrial fastening and assembly technology. More than 1 million items as well as proven expertise in technical consulting and inventory management distinguishes the Bossard Group.
Bossard was founded in Zug in 1831. Today local and multinational companies count on Bossard’s expertise to increase their productivity – with success. Bossard calls this
concept, which is also a promise to its customers “Proven Productivity”. This includes, among other things, optimising processes and reducing inventories to increase the
efficiency and productivity sustainably. In addition, Bossard is considered a pioneer in developing intelligent production facilities in line with Industry 4.0.
With 2500 employees at 83 locations in 31 countries throughout the world, the Bossard Group generated CHF 812.8 million in sales in the financial year 2020. Bossard is listed on the SIX Swiss Exchange.