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.
Solid profitability in a challenging environment
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.
Sustainability
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.
Financial Report
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).
Read the Financial Report
Compensation Report
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.
Read the Compensation Report
Corporate Governance
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