Bossard Group Sales Grow 18.5% in First 6 Months - Modern Distribution Management

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Bossard Group Sales Grow 18.5% in First 6 Months

Each of the fastener distributor's regions saw a sales gain.
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In the first six months of 2010, global fastener distributor Bossard Group's sales were CHF 244 million (US$240.15 million), an increase of 18.5 percent. Percentage growth expressed in local currencies was even higher reaching 21.5 percent. Bossard was No. 22 on MDM’s list of the top 40 industrial distributors.

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Compared with the first six months of 2009, profit quadrupled, for a total of consolidated net income quadruplet, reaching a total of CHF 22.4 million (US$22.04 million).

Bossard reported double-digit growth in local currency in all three of its regions – America, Europe and Asia.

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