The Bossard Group, Switzerland, reported sales for the first quarter of CHF 168.8 million (US$172.7 million), an increase of 5.1 percent year-over-year. As reported in local currencies, sales grew 8.2 percent, mainly due to acquisitions.
In Europe, despite the significant revaluation of the Swiss franc, sales increased to CHF 101.1 million (US$103.4 million), up 3.1 percent in local currency compared to the same period the previous year. In Asia, sales were CHF 23.5 million (US$24 million), up 7.8 percent in local currency.
In America, sales were CHF 44.2 million (US$45.2 million), an increase of 22.4 percent in local currency. The acquisition of the U.S. distributor Aero-Space Southwest Inc. played a significant part in the upward sales trend.