Bossard rises as sales growth speeds up in H1

Bossard Holding AG

14/07/2021 07:58

** Shares in Bossard Holding  BOS.S  are up 1.8% in Julius
Baer pre-market trade after the Swiss fastener technology and
logistics group sales growth accelerated in H1, helped by
recovering markets  urn:newsml:reuters.com:*:nL8N2OQ19O
    ** "Best half-year results in Bossard's history," Baader
Helvea says, highlighting it bodes well for 2021
    ** The broker notes that net sales came in line with
expectations, but sees "upside surprise" to FY EBIT
    ** It also expects the company's long-term EBIT margin
guidance of 10-13% to be outgrown in the next couple of years
     ** The shares have recently performed strongly, Baader
Helvea adds, and results should support this further


 (Reporting by Linda Pasquini)
 ((Linda.pasquini@thomsonreuters.com))