Bossard Holding AG (0QS5) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to our annual Financial Analyst and Media Conference 2024. We are streaming this event and will make it available later this afternoon. Bosart is a strategic partner for fastening technology and smart factory solutions to OEM customers globally. As a family business in its seventh generation, With over 30 business locations on three continents and close to 3,000 employees, we, for the second time after 2022, achieved over 1 billion Swiss francs in sales. Our global and diverse customer base is a key element of business resilience. We are not dependent on single industries, but benefit from those that are growing. such as electromobility or railway. Our international spread of customers as well as our global supply chain network with over 4,000 key suppliers contribute further to our global resilience. With a global market share of approximately 3%, we still see vast potential for growth in most industrial markets. Besides Switzerland, Denmark and Austria, where we have a double-digit market share in percent, Bossart has low single-digit market share in most other markets, with large potential in USA, Germany, Poland, India and China. After this short introduction of Bossart, Stefan Zehnder and our CFO and I would like to guide you through the following agenda. I will start with our key achievements 2023. Stefan Zehnder will then navigate you through the financials. Before, I will close with a follow-up on the development of our strategic services, namely our smart factory solutions, the current activities in artificial intelligence, and our focus for 2024. So let me start with the key achievements 2023. the Bossert Group has proven to be resilient in a very challenging environment, with recession starting from the second quarter of 2023, inflation and a stron...