Bossard: the recovery is confirmed

20th April 2021
-IAM, News

Olivier Aeschlimann, Senior Financial Analyst

The company, a specialist in screw fastening systems and assembly solutions, posted sales of CHF 244.8 million in the first quarter of 2021, up 11.8% year-on-year. The recovery, sketched in the fourth quarter, is therefore confirmed at the start of the year. The group has certainly benefited from favourable base effects, especially in Asian markets, but the rebound in sales is also strong in Europe and America. These good results also reflect a judicious strategic positioning. Bossard focused on the automation, electro-mobility, medical technology and railway markets; sectors which benefit from an extremely favourable structural trend. In addition, the group took advantage of the crisis to optimize its productivity; therefore it is particularly well placed today to take advantage of the recovery.