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Bossard announces 13.1% increase in 2017 sales-The 19th China (Guangzhou)Int’l Fastener & Equipment Exhibition
4/3/2018 緊固件展-緊固件采購會-國際緊固件展-fastener expo |
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Bossard Group releases its interim report for full year 2017, showing sales increased 13.1% to CHF 786.2 million - reflecting double digit growth in Europe, America and Asia.
In Europe, where Bossard obtains 57% of its revenue, fourth quarter sales grew by 16.1%. In America the Group''s existing business contributed substantially to an 18.4% increase in sales. Bossard''s Asia business posted an increased of 12.8%, clearly benefiting, the Group says, from recent years'' investment in new capacities.
Bossard sees last year''s performance as an impressive confirmation of its growth strategy, combining investment to develop new capacities and targeted acquisitions that consolidated its market positions in Europe and America.
During 2017 European sales saw a steady climb in growth rates quarter to quarter, culminating in full year sales of CHF 444.9 million, an increase of 10.8% over 2016. American sales increased to CHF 220.3 million in the year, attributable to both organic growth and acquisitions. Business with the largest US electric vehicle manufacturer continued to thrive, Bossard reports, and business with a major agricultural technology customer also contributed to a solid overall performance. Arnold Industries, acquired in September 2016, also contributed to sales growth.
In Asia, Bossard benefited from past development efforts that substantially expanded capacities in China, Thailand, South Korea and Malaysia. This increased presence in key industrial zones laid the groundwork for increased sales to CHF 121.0 million, a 12.8% year on year increase.
緊固件展-2018第十九屆廣州國際緊固件及設備展覽會-巨浪展覽
-The 19th China (Guangzhou)Int’l
Fastener & Equipment Exhibition
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