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Home » Bossard 3Q Sales Drop 32.8%

Bossard 3Q Sales Drop 32.8%

By    MDM  Staff 
October 20, 2009
More about:  Europe,  Fasteners
Sales in America lead the declines for the Swiss fasteners distributor.
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Swiss fasteners distributor Bossard reported third quarter sales of CHF 93.9 million (US$92.4 million), down 32.8% from the prior year. Year-to-date, sales were CHF 299.8 million (US$295 million), down 31.8%.

Sales in Europe in the third quarter fell by 33.5% to CHF 54.6 million (US$53.7 million). Cumulated sales in Swiss francs at end September 2009 were down 35.9% on the prior year.

In America, sales fell to CHF 23.8 million (US$ 22.7 million), down 35.9%. The decline was primarily attributable to lower demand from one major customer. In the first nine months of 2009 sales in America totaled CHF 87.6 million (US$ 79.3 million), down 24.5%.

Sales in Asia fell 21.7% to CHF 15.5 million (US$15.2 million). Though still negative, the decrease was significantly lower than the declines experienced in the first half of 2009.

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