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.