24. April 2023
Daniel Pfund, Senior Financial Analyst
Bossard, the Swiss specialist in industrial fastening systems, released its first quarter sales figures this morning. With a growth of 4.4% in CHF, sales reached CHF 304.5 million. Measured in local currencies, growth was 7.7%. These figures are slightly above analysts’ expectations (CHF 300.1 million).
The US market grew the fastest, with an impressive increase of 24.7%. However, it should be noted that this growth is partly due to an acquisition. Despite this, organic growth in this region remains very strong: 16.7%. According to the company, this increase is due to the acquisition of new customers in the electromobility sector, a segment that is growing very rapidly.
The Zug-based company does not give a forecast for the whole year. It specifies that the uncertainties on the procurement market will continue to persist, as long as inflation, central bank policies, and geopolitical tensions remain in place.