Bossard Group reported Q1 2014 sales at CHF 161.5 million 132.6 million euros. In local currency sales were up 5.6% year-on-year.
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Bossard says European and Asian sales are currently driving its results, noting that American sales declined significantly as the result of reduced demand from a major customer. European sales were up 8.4% in local currency and by a similar increment converted to Swiss Francs at CHF 106.5 million. Asian sales were up 17.2% to CHF 21 million but currency depreciation hit the CHF result, reducing growth to 9.4%. American sales were down 7.8%, equating to an 11.2% fall in Swiss Francs to CHF 34 million.(…)
