In a challenging environment, and despite the impact of the strong Swiss franc, Bossard Group achieved new records in all three of its market regions – with sales in the financial year 2022 amounting to CHF 1.15 billion (€1.15 billion), against the previous year’s CHF 995.1 million, which corresponds to organic growth of 15% in local currency.
All regions performed well in the fourth quarter, when sales increased by 13.3% in local currency to CHF 276.2 million against the previous year’s CHF 250.8 million. The broad-based growth for Bossard, which began in the fourth quarter of 2020, continued in the fourth quarter of 2022. America posted impressive double-digit growth, while in Europe, growth slowed significantly. The situation in Asia was impacted by the lifting of Covid-19 restrictions in China and the resulting wave of infections, although strong global demand only led to a slight improvement of the tense situation on the procurement market.
In addition to Bossard’s sustained high delivery capability, the group also experienced a stronger trend toward nearshoring and an increased demand for Smart Factory Assembly (SFA) solutions.
In Europe, Bossard recorded fourth quarter sales growth of 0.8% to CHF 141.2 million (in local currency: +6.1%). Demand remained at a consistently high-level despite continuing geopolitical tensions and their resulting challenges. In an environment marked by inflation and a shortage of skilled labour, Bossard’s smart factory services drew even more attention from customers. However, the strong Swiss franc did slow down growth.
In the final quarter of 2022, sales in America increased by 43.5% to CHF 80.2 million (in local currency: +37.3%). The positive business development was driven by dynamic economic growth. In the electromobility sector, exciting commercial vehicle projects were implemented. Asia achieved sales in the fourth quarter at a level similar to the previous year (in local currency: +5.4%). After two years of double-digit growth, the high base of the prior year was evident. In December, China’s lifting of Covid-19 restrictions caused a wave of infections, and the resulting production downtime impacted the industrial environment negatively. Although Bossard was able to ensure the best possible delivery capability to its customers, the situation in China continues to cause uncertainty.
Will joined Fastener + Fixing Magazine in 2007 and over the last 15 years has experienced every facet of the fastener sector - interviewing key figures within the industry and visiting leading companies and exhibitions around the globe.
Will manages the content strategy across all platforms and is the guardian for the high editorial standards that the Magazine is renowned.
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