Fastener distributor Bossard’s sales dampened the group’s overall global revenues in 2006. Sales in the dropped 9.5% from 2005. Bossard attributed the decline to falling demand from larger customers -which comprise 50% of the company’s overall sales.
Overall, the Bossard Group sales were up 8.7% to CHF 560 million (Swiss francs), and 7.6% in local currency. Translated, sales were roughly US$458 million for the year. Asia saw the largest growth rate, at 42%. sales doubled, and the had a sales increase of 56.6%. sales were up 29.8%.
Bossard saw sales in Central Europe grow 15.5% to CHF 300 million (US$245 million, Euro 186 million). All European countries reported double-digit growth rates. was up 13.1%, Scandinavia up 12%, up 13.8% and Eastern Europe up 38%.
The Bossard Group is a global distributor of fasteners. It is headquartered in Zug, and has 1,800 employees worldwide.
Currency translations done by MDM in this article are based on exchange rates as of March 13, 2007.
