Bossard Profits Snag on U.S. Restructuring Costs
January 31
00:00
2007
Bossard Profits Snag on U.S. Restructuring Costs
Jason Sandefur
Restructuring costs in the U.S. cut Swiss fastener company Bossard Holding AG’s net profit 42% to CHF 12 million (US$9.6 million) in 2006. Before costs, profit had risen 7.6% to CHF 22.5 million (US$18m). Sales grew 8.7% to CHF 560 million US$447.1m).
CEO David Dean told the Swiss News Digest that Bossard’s U.S. business will need up to two years to return to profitability. Web: bossard.com �2007 FastenerNews.com
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