Strong demand drove Bossard sales and income to records in 2021, the Switzerland-based fastener supplier reported.

Sales rose 22.4% to CHF 995.1 million (US$1.08 billion) during the year, boosted by market share gains in growth industries such as robotics, electromobility, railway vehicle construction and medical technology.

All three market regions benefited from the market recovery and posted double-digit growth rates.

Sales in Europe increased 23.1% to CHF 574 million. Newly won customer projects in the railway vehicle construction and medical technology markets helped sustain positive demand.

In October, Bossard acquired Jeveka B.V., a Benelux supplier of industrial fastening and assembly technology for the mechanical engineering and high-tech segments.

Broad-based growth in the U.S. delivered a 12.4% sales gain to CHF 226.2 million. Continued diversification of the customer base, for example in the electromobility sector, drove business performance.

Sales in Asia rose 34% to CHF 194.9 million, boosted by gains in Malaysia, India and Taiwan, as well as growth segments such as automation, robotics and electronics.

EBIT increased 43% to CHF 123.3 million and margins improved to 12.4%. Net income gained 44.5% to CHF 98 million.

Capital expenditures increased 48% to CHF 35.3 million. Web: Bossard.com