Bossard Group Sales Rise 23.9% In First Half Of Year

Zug, Switzerland - The Bossard Group achieved a turnover of CHF 311.5 million in the first six months of the 2013 business year (2012: CHF 251.4 million). This represents an increase of 23.9 percent in Swiss francs. This amounts to a growth in turnover of 22.7 percent based on local currencies.

In Europe turnover rose by 43.8 percent to CHF 195.5 million compared to the same period for the previous year. This jump in turnover is primarily due to the acquisition of the KVT-Fastening business in the final quarter of the 2012 business year. In America the turnover was CHF 73.1 million which, when adjusted for the divestment of Bossard Metrics Inc., corresponds to a 3.1 percent increase compared to last year. In the Asian markets the Bossard Group improved turnover by 7.7 percent to CHF 42.9 million. The growth can be attributed to a slight recovery in the market, but also to demand from new customers.

The consolidated net income increased compared to last year by CHF 6.5 million to CHF 28.6 million (2012: CHF 22.1 million). This growth took place despite higher financing costs and increased tax expenditure.

The detailed semi-annual report for 2013 will be published on August 27, 2013.