Bossard Group consolidated sales during the first half of 2017 rose 15% to CHF 395.1 million (US$408.8 million), which included organic growth of 9.5%, according to Fastener + Fixing Magazine.

Net income jumped 44.7% to CHF 45.3 million. “This included an extraordinary income of CHF 4.5 million from the realization of real-estate from a former Austrian location,” writes Fastener + Fixing editor Will Lowry.

European sales, which account for nearly 57% of the group total, increased 8.6% to CHF 223.3 million.

Business in America grew 32.3% to CHF 114.3 million, including results the acquisition of Arnold Industries. Underlying sales improved 17.4%, reflecting continued strong business in the electric vehicle sector and recovery from Bossard’s second largest U.S. customer in the agricultural technology sector. 

Asian sales grew 16.2% to CHF 57.5 million.

“Healthy demand in all three market regions drove sales in the first half of the year, reflecting the success of our long-term strategy of organic growth while consolidating our market position through acquisitions,” the company stated. “Investments in organization and infrastructure over the last several years, as well as a greater focus on high-quality products, engineering and logistics services, support this growth.”

Bossard forecasts sales between CHF 770 and CHF 780 million for all of 2017 – after CHF 695 million in 2016. Web: Bossard.com