Swiss fasteners distributor Bossard Group reported sales for the second four-month period of 2008 were down 3% overall. Profit increased 17%.
Sales fell in Europe and the U.S. in the second four-month period, and in Asia sales increased, though not as strongly as in the previous year.
In the U.S., Bossard reported that it is still benefiting from the positive business development of one major customer.” Most of its other customers have been hurt by the economic slowdown. Sales in U.S. dollars fell 4.6%.
Sales fell in Western Europe, but grew in Eastern Europe, though at a lower level. Overall in Europe, sales fell by 4.9%.
Bossard Group is in more than 70 locations worldwide.
Bossard Group Sales Fall in Recent Period
Swiss fasteners distributor Bossard Group reported sales for the second four-month period of 2008 were down 3% overall. Profit increased 17%.
Sales fell in Europe and the U.S. in the second four-month period, and in Asia sales increased, though not as strongly as in the previous year.
In the U.S., Bossard reported that it is still benefiting from the positive business development of one major customer.” Most of its other customers have been hurt by the economic slowdown. Sales in U.S. dollars fell 4.6%.
Sales fell in Western Europe, but grew in Eastern Europe, though at a lower level. Overall in Europe, sales fell by 4.9%.
Bossard Group is in more than 70 locations worldwide.
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- Filed In: Fasteners, Free, News, Subscriber Only, Top Distributor Sectors
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