News and Press Releases - 2020

With the acquisition of shares in MultiMaterial-Welding GmbH, Bossard is consolidating its position as an innovation driver in fastening technology and is expanding its portfolio with forward-looking lightweight fastening solutions.

Strategic participation in the field of lightweight construction and multi-material design

Expansion of the aerospace sector: Switzerland's first 3D printing service provider with aviation certification EN 9100:2018

Third quarter shows considerable improvement

Secured profitability

Solid performance in spite of COVID-19 pandemic

Annual general meeting of shareholders approves all motions

Resilience amidst the COVID-19 pandemic

The annual general meeting of shareholders of Bossard Holding AG will take place as planned on April 8, 2020. Based on the Ordinance of the Federal Council on measures to prevent coronavirus (COVID-19), shareholders cannot attend the annual general meeting of shareholders in person. Instead of a shareholder gift, Bossard Group will make a donation to a charitable organization.

The board of directors of the Bossard Group has been thoroughly assessing the impact of the coronavirus crisis. After an in-depth analysis of the challenges that have arisen, the board is convinced that all necessary measures have been taken to protect employees while ensuring business continuity. As a result, Bossard continues to be a reliable supply partner in all its sales markets. At the moment, it is impossible to estimate the long-term impact of the coronavirus crisis. In this volatile market environment, the board of directors is determined to safeguard the Group’s liquidity in case of a longer-lasting market slump. At the same time, the board wants shareholders to participate in the solid 2019 results, taking into account the current challenges. At the annual general meeting of shareholders, the board will therefore propose reducing its original dividend request by half, to CHF 2.00 per registered A share and CHF 0.40 per registered B share.

Solid results – vigorous investment activity

JEC World 2020 postponed to May 12-14, 2020. For further information please visit https://www.jec-world.events/

The rights to the name of the ice hockey stadium remain with Bossard AG for an additional five years. The extension is part of the contract established in 2010 for the naming rights of the then newly built ice stadium.

The Bossard Group is increasing its majority stake in Torp Fasteners located in Oslo, Norway, from 60 percent to 100 percent. Bossard has held a stake in the company, a specialist in high-quality engineered fastening solutions, since January 2015. In recent years, Bossard has made considerable efforts to further develop the demanding Scandinavian markets. The parties have agreed to keep the purchase price confidential.

Challenging environment – growth in Europe and Asia