Swiss fasteners distributor Bossard reported
sales for the first six months of 2009 of CHF 205.9 million (US$194.7 million), down 31.3% from the first six months of 2008.
Profit declined 70% to CHF 5.6 million (US$5.3 million).
“The worldwide recession led to an exceptional sales
collapse in all markets and regions,” the company wrote in its semi-annual report. Sales in Europe fell 36.9%, while
sales in Asia fell 31.1%. Sales in America fared the best with sales only falling 18.4%.
implements over the last 12 months resulted in savings of CHF 14.1 million in operating expenses. Headcount has been reduced
by 15% in the last year.