Results for 2020March 03, 2021
Gratifying results after a challenging year
After a challenging 2020 financial year, the Bossard Group posted an impressive year-end result of CHF 812.8 million in sales (previous year: CHF 876.2 million). This represents a 3.3 percent drop in local currency (in CHF: -7.2 percent). EBIT totaled CHF 86.4 million compared to last year’s CHF 95.7 million. The EBIT margin dropped from 10.9 percent to 10.6 percent, which is still within the long-term targeted range of 10 percent to 13 percent. Net income amounted to CHF 67.8 million (previous year: CHF 76.0 million). The financial year, shaped by the COVID-19 pandemic, culminated in a strong fourth quarter. In the last three months of 2020, all market regions exhibited positive growth rates. This development bodes well for 2021.