Continued dynamic sales growth
The Bossard Group had an excellent start to the year. Firstquarter sales increased by 19.1 % to CHF 291.6 million (previous year: CHF244.8 million), equivalent to 20.6 % in local currency. The Group posted double-digit growth rates in all three market regions. Organic growth corresponded to 16.5 % in local currency. This was based on consistently high delivery capabilities, newly acquired customer projects and continuing strong demand.
The Group’s favourable business development, which has been ongoing since the fourth quarter of 2020, continued through the first quarter of the current financial year in all three market regions. In the still tense procurement market situation, availability is a key success factor. Our consistently high delivery capability is based on the purchasing strategy practiced for years, which is based on multiple procurement sources. The focus on Smart Factory services in times of complex procurement markets and cost increases also paid off. “Our focus on product solutions as well as our engineering and logistics services serve to increase the productivity and efficiency of our customers. True to our approach of Proven Productivity we are able to significantly reduce our customers’ total costs in C-parts management and assembly. And this is especially the case today, when permanent wage and price increases are affecting our customers’ cost base.”, states Dr. Daniel Bossard, CEO of the Bossard Group.
In Europe, Bossard posted sales growth of 15.0 % to CHF 169.9 million (in local currency: +18.9 % ). Above-average sales growth was achieved in particular in the mechanical engineering, electronics and aerospace industries. Adjusted for acquisitions, growth in local currency was 11.9 % .
Sales in America increased by 24.4 % to CHF 68.4 million (in local currency: +21.7 % ). The positive business development was driven by the ongoing diversification of the customer base in this market region, particularly in the electronics, mechanical engineering and electromobility industrial segments.
The Asia market region grew by 26.6 % to CHF 53.3 million (in local currency: +25.1 % ). On the one hand, it benefited on the demand side from a recovery effect from the COVID-19 pandemic, while on the other hand the systematic development of the sales pipeline led to steady customer growth in the focus areas automation, electronics and electromobility. This allowed Bossard’s Asia business to post double-digit growth in localcurrency for the sixth quarter in a row.
Growth in spite of volatile market environment
Despite the volatile market conditions, the current environment continues to offer growth opportunities. In view of our consistently high delivery capability and our focus on growth industries, we are confident about the further course of our business.
The Bossard Group is a leading strategic partner for industrial fastening and assembly technology solutions to OEM customers globally with proven expertise in engineering and logistic services.
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, optimizing processes and reducing inventories to increase the efficiency and productivity sustainably. In addition, Bossard is considered a pioneer indeveloping intelligent production facilities in line with Industry 4.0.
With 2747 employees at 84 locations in 32 countries throughout the world, the Bossard Group generated CHF 995.1 million in sales in the financial year 2021. Bossard is listedon the SIX Swiss Exchange.