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Bossard Q1 Sales up 22.8% on KVT Contribution
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2013-07-12

Bossard Group announced 2013 Q1 sales at CHF 156.1 million up 22.8% in CHF on same period 2012.
Like for like (i.e. stripping out the KVT acquisition and Bossard Metrics Inc divestment) sales fell 0.9% in CHF and 1.7% in local currencies. European turnover was below 2012 Q1 sales but European demand revived giving improved turnover levels compared with H1 2012. Asia and Americas both achieved growth.
KVT provided a major boost to European sales, which grew 40.6%. The underlying trend was a 5.8% YoY decline, which KVT sales paralleled. The Group says strong growth was only being achieved in Eastern Europe.
Upbeat about overall Group prospects CEO, David Dean, said: "The greatest uncertainty for the rest of the year remains the trend in European economic activity, which continues to lack a solid foundation.”

 
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news provided by Fastener + Fixing Magazine (www.fastenerandfixing.com) arranged by Fastener World Inc.
 
 
2013-07-12

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