Bossard Group has reported an excellent start to the year, with first quarter sales increasing by 19.1% to CHF 291.6 million (2021: CHF 244.8 million), equivalent to 20.6% in local currency. The Group also posted double-digit growth rates in all three market regions.
Bossard’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,” states Dr Daniel Bossard, CEO of the Bossard Group.
"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.
Broad-based growth
In Europe, Bossard posted sales growth of 15% 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 local currency for the sixth quarter in a row.
Having spent a decade in the fastener industry experiencing every facet – from steel mills, fastener manufacturers, wholesalers, distributors, as well as machinery builders and plating + coating companies, Claire has developed an in-depth knowledge of all things fasteners.
Alongside visiting numerous companies, exhibitions and conferences around the world, Claire has also interviewed high profile figures – focusing on key topics impacting the sector and making sure readers stay up to date with the latest developments within the industry.
Don't have an account? Sign Up
Signing up to Fastener + Fixing Magazine enables you to manage your account details.
