ZUG, Switzerland -- For the first three months of the current business year, Bossard Group reported sales of CHF 130 million.
Year on year this is a sales increase of an excellent 18.4 percent in local currencies, which was generated through purely organic growth. It is a continuation of the Group's planned growth strategy, after sales had already increased by 11.3 percent in Q1 2010. Thus the positive upward trend in demand continued in 2011 in all the regions served by Bossard. As a result of extreme shifts in exchange rate parities compared to the prior year, sales growth expressed in Swiss francs only reached 9.6 percent.
Europe
Sales in the first three months of 2011 amounted to CHF 73.5 million, an increase in local
currencies of 16.3 percent. Although growth rates in the various countries differed, a continuing upward trend in demand was noticeable throughout Europe. Expressed in Swiss francs sales were up 9.7 percent.
America
The Group's highest sales growth in Q1 2011 was reported from America. In local currencies, sales rose by 23.7 percent year on year. This increase is attributable to higher sales to existing customers as well as to an enhanced market share through the acquisition of new customers. In Swiss francs sales grew by 10.1 percent.
