Bossard back on growth course 15 July 2021

In the first half of 2021, Bossard Group recorded a sales increase of 23.9% to CHF 494.8 million (previous year: CHF 399.4 million). The pace of growth accelerated slightly in the second quarter and was supported by a broad-based economic upturn.

For the first half of 2021, Bossard Group expects an EBIT of around CHF 67 million, corresponding to an EBIT margin of 13.5%. Bossard Group reports that this is the best half  year result in the company's history.

In Europe, Bossard generated sales of CHF 146 million in the second quarter, an increase of 42.3% (in local currency: +39%). In the first half of the year, sales increased by 24.6% (in local currency: +22.2%) to CHF 293.7 million. Bossard's consistently high ability to deliver was appreciated by customers and manifested itself in strong demand.

Business in America showed strong sales growth of 30.4% (in local currency:+37.5%) to CHF 55.8 million in the second quarter. In the first half of the year, sales increased by 14.5% (in local currency: +21.4%) to CHF 110.8 million. The weakening of the US dollar had a negative impact on sales development.

Growth in Asia remained at a high-level in the second quarter. Sales increased by 37.3% (in local currency: +35%) to CHF 48.2 million. In the first half of the year, sales increased by 35% (in local currency: +34.6%) to CHF 90.3 million. Bossard’s focus on growth segments led to gains in market share and is reflected in a gratifying development of the project pipeline.

As a result of strong global demand, the supply market situation remains tense, which is currently reflected in further price increases and longer delivery times. The Covid-19 situation also remains a factor of uncertainty due to rising infection rates in various market regions.

Content Director

Will Lowry Content Director t: +44 (0) 1727 743 888

Biog

Will joined Fastener + Fixing Magazine in 2007 and over the last 12 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.