Bossard Sales Grow
June 13
00:00
2005
Bossard Sales Grow
Jason Sandefur
Bossard Group announced sales for the first four months of 2005 rose 3.6% to CHF 174.7 million (US$137.5 million), while net income dropped 17% to CHF 7.9 million. Sales in America increased 4.5% to CHF 69.8 million, while Asian sales jumped 23.2% to CHF 15.4 million.
“After a high loss in the last four months of 2004, we have now returned to the profit wedge,” the company stated.
Price increases resulting from higher steel costs led to increased pressure on margins, which Bossard was unable to pass on to customers. The company noted that steel prices have leveled off in recent weeks. Web: bossard.com �2005 FastenerNews.com
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