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Bossard Group Posts Record
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2014-05-28
The Bossard Group announced record sales for the opening quarter of 2014, boosted by “a clear increase in demand” in Europe and Asia, as well as additional business volume from existing and new customers. Bossard sales rose 5.6% to CHF 161.5 million during the quarter. “The European and Asian markets are currently decisively supporting the growth of Bossard,” the group stated. “Sales in America declined significantly primarily as a result of reduced demand from a major customer.” Sales in Europe rose 8% to CHF 106.5 million, with growth seen in “virtually all of the company’s sales regions.”
Bossard reported “significant progress” in Asia, with revenues gaining 17.2% to CHF 21 million. Due to the related currency depreciation in some emerging markets, in Swiss francs sales increased only by 9.4 percent. “With the exception of India, all Asian countries experienced growth in sales, some at high double digit rates.” For the year Bossard management predicts revenue growth of 5%-8%.
Bossard reported “significant progress” in Asia, with revenues gaining 17.2% to CHF 21 million. Due to the related currency depreciation in some emerging markets, in Swiss francs sales increased only by 9.4 percent. “With the exception of India, all Asian countries experienced growth in sales, some at high double digit rates.” For the year Bossard management predicts revenue growth of 5%-8%.
