Semi-Annual Report 2020August 25, 2020
In a market environment characterized by the COVID-19 pandemic, the Bossard Group held its own in the first half of 2020 and maintained its profitability. Noticeably lower demand, especially in the second quarter, along with the significant appreciation of the Swiss franc, had a commensurate impact on the result. Encumbered by these conditions, currency-adjusted sales in the first half of the year fell by 7.4 percent to CHF 399.4 million (in CHF: –11.4 percent). The EBIT amounted to CHF 41.1 million, corresponding to an EBIT margin of 10.3 percent. In spite of the challenging market conditions, the EBIT margin remained consistently strong. Net income for the first six months totaled CHF 31.6 million. Our proactive measures, widely diversified customer base, unflagging ability to deliver, and the continuity of our engineering and logistics services were the foundation for the Bossard Group’s consistently strong profitability.
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