2010 European and American fasteners sales briefing

In 2010, as the financial crisis gradually subsided, the demand in various markets in the world rose steadily. Most of the European and American fastener companies have made gratifying achievements, and sales have achieved double-digit growth.

Sales of Würth Group increased by 14.2% in 2010

According to the Würth Group's 2010 financial report, worldwide sales of the Würth Group amounted to 8.6 billion euros (11.4 billion U.S. dollars) in 2010, an increase of 14.2% compared with 2009. Among them, operating profit will increase from 235 million euros (a total of 314 million U.S. dollars) last year to 380 million to 400 million euros (a combined value of 503 million to 529 million U.S. dollars).

The number of new employees in Würth in 2010 was 4,551, a year-on-year increase of 7.9%, and the total number of employees as of December was 62,433. There are 30,000 sales representatives.

Würth German company sales of 3.9 billion euros (combined 5.2 billion US dollars), an increase of 16.9%. Sales at other global subsidiaries also achieved double-digit growth, up 12.1%. Würth is located at Adels Wrth GmbH & Co, the parent company of Kinzels Austria. KG's sales in 2010 exceeded 1 billion euros to 1.1 billion euros (together for 1.5 billion US dollars).

Robert Friedmann, president of the Würth Group’s Central Council, pointed out that “In fact, the stringent 'cost reduction' projects we implemented in 2010 did not achieve the desired results; in 2010 we achieved such gratifying results mainly due to the work we put in place. Focus on sales and continue to invest in existing businesses. Both of these efforts went smoothly in 2010 and achieved the desired results.”

According to Robert Friedman, in 2011, the Würth Group will continue to implement its "sales-oriented" strategy. In addition to adding sales points around the world, it also plans to set up offices in Germany and around the world. Robert Friedmann said, “In 2011, the Würth Group's annual growth is still to achieve double-digit growth.”

As of the end of 2010, the Würth Group had more than 400 branch offices in 84 countries around the world.

Bossard Group Sales Increased by 25.2% in 2010

The 2010 financial report of the Swiss Fastener distributor Bossard Group shows that in 2010 Bossard’s total sales for the year exceeded expectations, reaching 478 million Swiss francs, an increase of 25.2% year-on-year (calculated at local exchange rates), and an increase of 20.9 in Swiss francs. %. Bossard's sales in all three regions in the world have achieved more than 20% growth. The Group’s fourth-quarter sales amounted to 114 million Swiss francs, a year-on-year increase of 25.8% (calculated at local exchange rates), and in Swiss francs it increased by 19.7%.

Europe's sales in the fourth quarter were 63.2 million Swiss francs, a year-on-year increase of 23.2% (based on local exchange rates). Taking into account the weakening of the euro, in Swiss francs, the increase was 15.5%. In 2010, the annual sales in Europe were 261 million Swiss francs, an increase of 21.4% (calculated by local exchange rate), and in Swiss francs, it was an increase of 16.4%. Bossard achieved double-digit growth in all markets in the European region.