April 07, 2014
Quartal 1 2014 results
The Bossard Group set once more a new sales record in the first quarter of 2014. The growth trend that began in the second half of 2013 continued into the new year. The Group benefited in Europe and Asia from a clear increase in demand. It should be noted, however, that the growth in the first quarter rests also on additional business volume from existing and new customers. For CEO David Dean, the first quarter is “an ideal start to the current financial year.”
The Bossard Group reported record sales of CHF 161.5 million in the first quarter of 2014. In local currency, this represents an increase of 5.6 percent compared to the first quarter of 2013. It is important to emphasize that the volume of business in the various regions has developed differently for a variety of reasons. The European and Asian markets are currently decisively supporting the growth of Bossard. Sales in America declined significantly primarily as a result of reduced demand from a major customer. The shift in exchange rates had the consequence that the growth in sales in Swiss francs was only at 3.5 percent (local currency 5.6 percent).
Encouraging performance in Europe
In Europe, the positive trend in demand has continued, extending from the second half of 2013 into the new year. Sales increased in local currency by 8.4 percent, with Bossard reporting growth in virtually all of the company’s sales regions. Sales in Swiss francs were up by 8.0 percent to CHF 106.5 million, only slightly below the growth rate in local currency. The substantial recovery in Europe is all the more important with regard to the overall result of the Group, as Bossard generates 66 percent of its sales in this region.
Downturn in sales, new momentum in America (…)
