2/15/2011 11:52:00 AM
NEWS BRIEFS
Bossard Rolls Out Record Results

Bossard reported sales in the fourth quarter of 2010 grew 20% to CHF 114.1 million (US$118.1 million).

“The market environment in Europe and America continued to develop well in the fourth quarter of 2010,” Bossard stated. “Growth rates in both regions were above the average for the year so far.”
 

“There was continuing strong growth in Asia although, as expected, it did not reach the extraordinarily high levels recorded the first nine months.”
 

In the 2010 business year Bossard Group reached total sales of CHF 477.6 million, an increase of 25.2% in local currencies year on year. All three sales regions reported sales growth in excess of 20%. Given the strong Swiss francs, growth in the reporting currency was 4.3 percentage points lower and amounted to 20.9%.

Europe

In the fourth quarter sales in Europe reached CHF 63.2 million, an increase of 23.2% in local currencies. On account of the weaker Euro, sales growth expressed in Swiss francs was 15.5%. Sales for 2010 grew 16.4% to CHF 261.3 million. All countries reported double digit growth rates.

America

U.S. demand was “very satisfactory” in the fourth quarter and is reflected in a 32.7% increase compared to the prior year. For the entire year sales reached US$123.5 million, up 21.1% on 2009.

Asia

Q4 sales in Asia totaled CHF 21.5 million a year-on-year increase in local currency of 24.1%. Compared to the prior year, sales in 2010 rose by 46.1% to CHF 87.5 million. In local currency the sales increase was marginally higher reaching 46.2%. Growth in all the relevant countries was 30% or more. Korea reported the highest growth rate of almost 90%.
 

The strong sales growth in 2010 also impacted on profit.

“As already announced, consolidated net income will be noticeably higher than the record result of CHF 32.4 million dating back to 2008.” ©2011 GlobalFastenerNews.com

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