The Bossard Group had an excellent start to the year. First quarter sales increased by 19.1 percent to CHF 291.6 million (previous year: CHF 244.8 million), equivalent to 20.6 percent in local currency. The Group posted double-digit growth rates in all three market regions. Organic growth corresponded to 16.5 percent in local currency. This was based on consistently high delivery capabilities, newly acquired customer projects and continuing strong demand.
The Group’s favorable business development, which has been ongoing since the fourth quarter of 2020, continued through the first quarter of the current financial year in all three market regions. In the still tense procurement market situation, availability is a key success factor. Our consistently high delivery capability is based on the purchasing strategy practiced for years, which is based on multiple procurement sources. The focus on Smart Factory services in times of complex procurement markets and cost increases also paid off.

"Our focus on product solutions as well as our engineering and logistics services serve to increase the productivity and efficiency of our customers. True to our approach of Proven Productivity we are able to significantly reduce our customers’ total costs in C-parts management and assembly. And this is especially the case today, when permanent wage and price increases are affecting our customers' cost base.", states Dr. Daniel Bossard, CEO of the Bossard Group.

Broad-based growth

In Europe, Bossard posted sales growth of 15.0 percent to CHF 169.9 million (in local currency: +18.9 percent). Above-average sales growth was achieved in particular in the mechanical engineering, electronics and aerospace industries. Adjusted for acquisitions, growth in local currency was 11.9 percent.

Sales in America increased by 24.4 percent to CHF 68.4 million (in local currency: +21.7 percent). The positive business development was driven by the ongoing diversification of the customer base in this market region, particularly in the electronics, mechanical engineering and electromobility industrial segments.

The Asia market region grew by 26.6 percent to CHF 53.3 million (in local currency: +25.1 percent). On the one hand, it benefited on the demand side from a recovery effect from the COVID-19 pandemic, while on the other hand the systematic development of the sales pipeline led to steady customer growth in the focus areas automation, electronics and electromobility. This allowed Bossard’s Asia business to post double-digit growth in local currency for the sixth quarter in a row.

Growth in spite of volatile market environment

Despite the volatile market conditions, the current environment continues to offer growth opportunities. In view of our consistently high delivery capability and our focus on growth industries, we are confident about the further course of our business.Source: Bossard