Dr. Thomas Schmuckli, Chair of the board of directors, and Dr. Daniel Bossard, CEO
The strong, above-average market demand observed since the fourth quarter of 2020 normalized across all regions over the course of 2023. In addition, the recovery in global supply chains led our customers to reduce inventory, thus ending a phase of retaining safety stock in the wake of the COVID-19 pandemic. The end of this economic boom, as well as price pressure, challenged us in times of rising labor costs.
Despite economic normalization over the course of the year and the negative impact of the strong Swiss franc, Bossard was able to report a satisfactory result and strengthen its market position in all three market regions.
The Bossard Group has been committed to sustainable corporate development for generations. This sustainability report explains Bossard’s activities and efforts to achieve long-term sustainable growth. The report contains information on the strategic and organizational anchoring of sustainability throughout the Group’s operations as well as explanations on the respective focus areas: Future Proven Solutions, Reduced Footprint, Empowered People, and Fair Partnership.
In an economically challenging market environment marked by a strong Swiss franc, the Bossard Group achieved sales of CHF 1,069.0 million in the financial year 2023 (prior year: CHF 1,153.8 million). This represents a decrease of 7.4 percent (in local currency: –2.6 percent). EBIT amounted to CHF 113.1 million (prior year: CHF 141.5 million), a decrease of 20.1 percent. The EBIT margin was 10.6 percent (prior year: 12.3 percent). Net income declined by 27.2 percent to CHF 76.8 million (prior year: CHF 105.6 million).
The compensation report describes the compensation principles and programs as well as the governance framework related to the compensation of the board of directors and the executive committee of Bossard Holding AG. The report also provides details on the compensation awarded to those two bodies in the financial year 2023.
This corporate governance report describes the organizational structure of the Bossard Group. The report contains information on the allocation of duties within the board of directors and its committees as well as further information on the individual members.
Read the Corporate Governance Report
