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The Bossard Group maintained good growth in the first half of 2016 in a market environment that continues to be challenging. Sales grew by 2.1 percent over the previous year to CHF 343.6 million. Fortunately, the positive growth dynamics enabled the Group to boost the sales in the second quarter by 3.3 percent (0.9 percent in the first quarter). The European business, which accounts for around 60 percent of total sales, contributed significantly to the Group’s growth. Against this backdrop, the net income rose by 5.6 percent to CHF 31.3 million.

Bossard grew half-year sales in the European business by 4.4 percent to CHF 207.7 million (up by 2.3 percent in local currency) compared to the same period in 2015. Key markets such as Germany, France and Denmark logged above-average growth rates;

In America, compared to the previous year, sales for the first six months fell slightly by 0.9 percent to CHF 86.4 million (a 4.5 percent drop in local currency).

In Asia, sales decreased in the first half of the year by 1.4 percent to CHF 49.5 million; in local currency this resulted in a plus of 1.6 percent. In China, our largest market in Asia, demand remained sluggish. However, the slight sales drop in this market region was more than compensated by additional business in other countries. The progress of our activities in India, Taiwan, and Singapore is particularly promising.

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