The 2020 Mid-Year Economic Update_long

Bossard Group Sales Up 2% in 2014

Declining demand in U.S. offsets European, Asian improvements.

The Bossard Group, Switzerland, reported sales for 2014 of CHF 617.8 million (US$640.6 million), a 2 percent increase compared with 2013. As reported in local currencies, sales grew 3.1 percent. Profit was CHF 57.1 million (US$59.2 million), up 2 percent from 2013.

In Europe, 2014 sales rose 3.5 percent to CHF 394.7 million (US$409.3 million), up 4.4 percent in local currency. In Asia, sales rose 12.3 percent to CHF 101.1 million (US$104.8 million), up 14.7 percent in local currency.

But in America, sales declined 9.2 percent to CHF 122 million (US$126.5 million), down 8 percent in local currency. This revenue decline is due primarily to weaker demand from a major customer.   

In the fourth quarter, group sales increased 1.4 percent (but declined 0.1 percent in local currencies) to CHF 147.8 million (US$153.3 million).

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.