Following Bossard’s “best quarter ever“, the group has posted record highs in the first half of 2018.
Sales in H1 rose 13% to CHF 446.3 million, with growth across all three of its market regions (Europe, America and Asia). Excluding last year’s extraordinary income of CHF 4.5 million net from a real-estate sale, net income of 2018 rose 20.4% to a record high of CHF 49 million.
Europe accounted for 58% of H1’s total sales. Sales grew 16.7% to CHF 260.5 million (+10.4% in local currency). Q2 continued the upward trend, growing sales 18.7% to CHF 128.4 million.
There were strong gains in America too. Sales rose 4.5% to CHF 119.5 million (7.7% in local currency). Q2 sales rose 7% to CHF 61.4 million. The growth was broad-based across the entire customer base.
Investments in Asia continued to pay off, Bossard said, with sales in H1 up 15.3% to CHF 66.3 million (+11.8% in local currency). Q2 saw sales grow 17.6% to CHF 36.1 million. China was a major contributor to the substantial increase.