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Home » Bossard Sales Fall 30.2% in 2009
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Bossard Sales Fall 30.2% in 2009

By    MDM  Staff 
March 10, 2010 Comments (2)
More about:  Asia,  Europe,  Fasteners,  U.S.
Fastener distributor's subsidiary in India the only Group company with an increase in sales for the year.
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Swiss fasteners distributor Bossard Group reported sales for 2009 were CHF 395.1 million (US$369.5 million), down 30.2% from 2008. In local currencies, sales were down 28.6%. Profit declined 52.8% to CHF 15.3 million (US$14.3 million).

Results were heavily impacted by the worldwide decline in industrial production. The collapse of demand, the cutting back of inventories, and the falling prices of raw materials led to an exceptionally high drop in sales for Bossard, according to the company's press release.

"But there were also some bright spots" David Dean, the CEO of Bossard Group stated. "Despite sluggish demand we again acquired numerous new customers. Moreover, we enhanced our market share further and our consolidated net income was substantially higher than anticipated."

In Europe, sales were down in all markets, falling down 32.7% to CHF 224.5 million (US$210 million). In local currencies, sales decreased 30.5%. The negative trend slowed down marginally in Q4 2009. During that period sales were even up somewhat on the previous quarter.

In North America, sales fell 29.4% to $102 million. In the second half of the year, demand fell again – partially for seasonal reasons – before stabilizing at a low level.

In Asia, sales dropped to CHF 59.9 million (US$56 million), a decline of 20.9 % in Swiss francs and 18.4% in local currencies. Bossard's subsidiary in India was the only Group company to report an increase in sales, growing 22% for the year.

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  • Suny May 21, 2010 8:36 AM
    What is the full name of india subsidary of Bossard which had done very good in 2009.when Bossard group decline in sales of 30.2%....
    Post a Reply   Report as Offensive
  • Sunny May 14, 2010 1:54 AM
    As you written the Indian subsidiary of Bossard has done very good in 2009 as compare to Bossard group, whats the name that Indian subsidiary..
    Post a Reply   Report as Offensive
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