Solid results - vigorous investment activity

The Bossard Group once again posted solid results in the 2019 financial year: In a difficult market environment, sales rose by 0.6 percent to a new high of CHF 876.2 million (in local currency: +1.9 percent). The Group generated particularly gains in the European and Asian markets, boosted by the acquisitions made in 2019. Adjusted for acquisitions, sales declined by 3.3 percent (in local currency: -2.1 percent). The more challenging market conditions, along with investments in expanding our engineering and Smart Factory Logistics services, led to a lower annual result. EBIT dropped from CHF 108.8 million to CHF 95.7 million. The EBIT margin was 10.9 percent (previous year: 12.5 percent), which is within the targeted range of 10 percent to 13 percent. Net income amounted to CHF 76.0 million compared to last year's CHF 85.4 million.

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Bossard Holding AG published this content on 04 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 March 2020 06:03:14 UTC