Bossard reports solid third quarter sales with signs of recovery

Investing.com -- Bossard Holding AG (BS:BOSNz) on Tuesday reported third-quarter sales that exceeded analyst expectations, showing cautious signs of recovery across its global operations despite currency headwinds.

The Swiss fastening technology specialist posted sales of CHF 264.9 million, beating the consensus estimate of CHF 256 million by 3%.

The company recorded organic growth of 4.0% in local currency during the third quarter, with total sales increasing 10.2% compared to the same period last year.

In local currency terms, sales growth reached 14.4%, bolstered by acquisitions including Aero Negoce International SAS in France and the German Ferdinand Gross Group.

Europe led the growth with sales rising 16.6% to CHF 160 million, exceeding analyst expectations of CHF 155 million. The Americas region saw sales increase by 1.8% to CHF 56.9 million (9.6% in local currency), significantly outperforming the consensus estimate of CHF 52 million.

Meanwhile, Asia posted a 1.5% increase to CHF 48 million, slightly below the expected CHF 50 million.

"Although the further development of the economic environment in the coming quarters is difficult to predict, the Group remains optimistic about the future," the company stated in its earnings release, noting that its Smart Factory services strengthened market position across all regions.

Bossard provided its first full-year 2025 guidance, projecting sales between CHF 1,055 million and CHF 1,065 million with an EBIT margin of around 10%. This outlook aligns with analyst consensus of CHF 1,065 million in revenue.

CFO Stephan Zehnder noted that despite ongoing market challenges, "The acquisition of new customers and a well-filled project pipeline give cause for optimism for the future."

The company continues to face currency headwinds, with the appreciation of the Swiss franc negatively impacting reported results, particularly in the Americas and Asia regions.