Despite the appreciation of the Swiss Franc Bossard Group increased 2015 sales by 6.2% to CHF 656.3 million (599.5 million euros). In local currency sales were up 10.1%.
A significant proportion of the growth came from the acquisitions Bossard made in 2014 and 2015, which enabled the Group to strengthen its market position in the US, Scandinavia, Italy and France.
Factoring out the acquisitions Bossard’s net sales would have been down 4.2% to CHF 592.1 million (540 million euros). In local currency there would have been a slight increase of 0.7%. The Swiss Franc appreciation impacted the market position of many Swiss companies and was reflected in Bossard’s European performance. Sales decreased 2.9% to CHF 383.4 million. However, the acquisition policy contributed decisively to Bossard’s ability to gain market share in European countries, reflected in growth in local currencies of 4.6%.
Bossard’s American business grew as result of the acquisition of Aero-Space Southwest Inc, solidifying the Group’s presence in California, Arizona and Mexico. Sales for the year were up 36.2% to CHF 166.2 million.
Bossard’s investment policy in Asia – establishing and expanding distribution and competence centres in China, Thailand and South Korea – reaped rewards. 2015 sales rose 5.5% to CHF 106.7 million. Quarter 4 demand was stronger in some Asian markets, resulting in sales increasing by 11.8% in local currency (7.7% in CHF).
Bossard’s full annual report will be published on 2nd March 2016.
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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