Half Year 2024 Bossard Holding AG Earnings Call Transcript
Key Points
- Bossard Holding AG (XSWX:BOSN) achieved a satisfactory result in the first half of 2024 despite a challenging economic environment.
- The company saw new opportunities and customers in the electronics, semiconductor, and aerospace industries.
- Gross profit margins were higher than last year, supported by a lower cost base.
- Successful rollout of the new ERP system in France and South Africa, enhancing digital capabilities.
- Acquisition of Dejond Fastening in Belgium, strengthening market presence in Europe and expanding customer base in key industries.
- Sales decreased by 11.7% compared to the prior year, with a 9.3% organic sales drop.
- The economic and geopolitical situation remains volatile, impacting demand and financial performance.
- EBIT decreased by 16.6%, and the EBIT margin dropped from 12.1% to 11.4%.
- Net income decreased from CHF49.9 million to CHF42.4 million, with a return on sales falling to 8.3%.
- Sales in America fell by 20.4%, and Europe saw an 8.5% drop, reflecting cyclical downturns and normalization effects.
Welcome to Bossard, the presentation of our semi-annual results 2024. For today, we have four points on the agenda. First, I'd like to provide you some highlights of the first half year 2024. Then, Stephan Zehnder, our CFO, will guide you through the financial review. I will then provide some progress report on our Strategy 200, before I will try to close with a focus on outlook 2024.
So to the highlights for the first half of 2024. We started with the satisfactory result in a very challenging environment, particularly the first quarter was is still coming out of a recession year 2023, very demanding. Whereas the second quarter showed some light signs of recovery yet not true signs of recovery and, keeping in mind the PMI's that you're probably all aware also still in a recessive phase. So we're happy with satisfactory H1.
Result, we have seen new opportunities and customers, particularly in the electronics, semicon, and aerospace industry. So we see some light at the end of the tunnel there. Particularly in the semiconductor industry
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
