In the first half of 2021, the Bossard Group recorded a sales increase of 23.9 percent to CHF 494.8 million (previous year: CHF 399.4 million). The group has announced that this growth has accelerated slightly in the second quarter. This growth amounted to 24.1 percent in local currency.
For the first half of 2021, Bossard expects an EBIT of around CHF 67 million, corresponding to an EBIT margin of 13.5 percent. This is the company's best half year result in its history.
The positive growth trend continued in the second quarter of this year as the group saw sales increase by 38.5 percent to CHF 250.0 million. As COVID restrictions eased worldwide, further growth was seen in America and Europe. In Asia, strong growth continued despite the high comparative base of the previous year.
In Europe, the group generated sales of CHF 146.0 million in the second quarter, an increase of 42.3 percent. In the first half of the year, sales increased by 24.6 percent (in local currency: +22.2 percent) to CHF 293.7 million.
Additionally, business in America showed strong sales growth of 30.4 percent to CHF 55.8 million in the second quarter. In the first half of the year, sales increased by 14.5 percent to CHF 110.8 million. However, the weakening of the US dollar had a negative impact on sales development.
Growth in Asia remained at a high level in the second quarter for Bossard. Sales increased by 37.3 percent to CHF 48.2 million. In the first half of the year, sales increased by 35.0 percent to CHF 90.3 million.
As a result of strong global demand, the supply market situation remains tense, which is currently reflected in further price increases and longer delivery times.
Bossard will publish its detailed semi-annual report on August 24, 2021
Are you in the fastener, tool, fixing or related industries? You can subscribe to Torque Magazine or sign up to our weekly newsletter.
