Bossard (BOSN) investor relations material

Executive summary

• Strong demand in railways, semiconductors, electronics, data centers, and aerospace drove growth, with all regions showing positive sales trends and Europe returning to growth.

• Market share gains in growth industries, successful execution of growth initiatives, and enhanced efficiency through digitalization, AI, and targeted procurement measures.

• Strategy 200 focuses on profitable, sustainable growth, talent development, operational excellence, collaboration, sales acceleration in key verticals, and digital transformation.

• Smart Factory solutions and digitalization initiatives expanded, reinforcing customer relationships and differentiation.

• The appreciation of the Swiss franc negatively impacted reported sales.

Financial highlights

• Sales reached CHF 575.7 million in H1 2026, up 9.7% in local currency and 5.3% in CHF, with all regions contributing positively.

• Gross profit rose 11.7% to CHF 198.3 million; gross margin improved from 32.5% to 34.4%.

• EBIT increased to CHF 72.9 million (from CHF 55.5 million); EBIT margin rose from 10.2% to 12.7%.

• Net income grew to CHF 54.7 million from CHF 38.7 million, a 41% increase; return on sales increased from 7.1% to 9.5%.

• Free cash flow turned positive at CHF 24.6 million, reversing the prior year's negative CHF 44.4 million.

Outlook and guidance

• Full-year organic sales growth in local currency expected to exceed 5%, with continued EBIT margin improvement and midterm targets of EBIT margin 12%-15%, equity ratio >40%, and dividend payout ratio 40% of net income.

• Profitability is projected to improve further, with continued focus on Strategy 200 and digitalization.

• The economic environment remains challenging due to geopolitical and trade uncertainties.