The 2020 Mid-Year Economic Update_long

Bossard Group Sales up 5.6% in First Half

Sales up in Europe & Asia, down in U.S.

The Bossard Group, Switzerland, reported sales for the first half of CHF 321 million (US$359.5 million), an increase of 3 percent year-over-year. As reported in local currencies, sales grew 5.6 percent. 

In the second quarter, group sales increased 2.8 percent (5.5 percent in local currencies) to CHF 159.6 million (US$178.8 million).

In Europe, half-year sales rose to CHF 208.2 million (US$233.2 million), up 7.1 percent in local currency.

In America, sales were CHF 65.7 million (US$73.6 million), down 5.6 percent in local currency. This revenue decline is due primarily to weaker demand from a major customer.   

In Asia, sales were CHF 47.1 million (US$52.7 million), up 17.6 percent in local currency. Growth in Asia is largely the result of business from new customers.

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