Bossard’s sales reach record highs in first half of 2018
Following Bossard’s “best quarter ever“, the group has posted record highs in the first half of 2018. Sales in H1 rose 13% to CHF 446.3 million, with growth across all three of its market regions (Europe, America and Asia). Excluding last year’s extraordinary income of CHF 4.5 million net from a real-estate sale, net income […]
Bulten sales grow 14.5% but metal prices squeeze margin
Strong sales and net bookings buoyed Bulten’s Q2 2018 financials, with a 14.5% increase on net sales to SEK 810 million. The same period saw operating margin squeezed by higher global market prices for steel and other metals – as well as an uneven rate of production thanks to new models – but that was […]
SFS grows stake in HECO to 51%
SFS, owner of Gesipa, is deepening its strategic partnership with HECO by raising its interest in the German company to 51%. SFS has worked with HECO – a leading manufacturer of fastening solutions for structural timberwork – since August 2015, when SFS acquired a minority interest of 30% in HECO (Ludwig Hettich GmbH & Co. KG). […]
Hayley Group reaches £123m turnover
Hayley Group recorded £122.5m turnover in 2017, with pre-tax profits up from £4.8n to 36.6m (reports Insider Media). The turnover number represented a 6% rise from 2016 (£115m), when stockholding was in excess of £27m – 40% of which was held in Halesowen and then rest at regional branches nationwide. Hayley Group services the trade, […]
Bulten grows in Q1 & hails fastener growth prospects from electric cars
Sweden-headquartered Bulten has recorded a positive Q1, with net sales up 9.6% on the same period last year, reaching SEK 853 (778) million. Order bookings amounted to SEK 779 (720) million, an increase of 8.2% on the same period last year. Earnings after tax amounted to SEK 48 (51) million. Operating earnings (EBIT) totaled SEK 67 (63) […]
Solid 2018 start for Travis Perkins despite weather disruption
Regardless of the impact of poor weather, the ‘Beast from the East‘ and having fewer trading days thanks to an Early Easter, Travis Perkins (TP) delivered a solid Q1. Like-for-like sales growth reached 3.0%, with total sales growth of 2.4%. TP saw a particularly strong performance in Plumbing & Heating (like-for-like sales growth of 19.7%) […]
TR trading update: Growth across all regions & acquisition search continues
Trifast (TR) has seen organic revenue growth, inventory capacity growth in Italy and Singapore, and profit before tax ahead of expectations, according to its trading update, issued ahead of its official financial year publication in June. TR saw good growth across a number of key markets, particularly in the automotive sector with double digit growth in […]
Kingfisher grows, but Screwfix and B&Q record softer sales in Q4
Sales rose 3.8% for Kingfisher – owner of B&Q, Screwfix, Brico Dépôt & Castorama – in its 2017/2018 financial year. Sales hit £11,655 million, up from £11,225m. Screwfix Screwfix performed well over the course of the year, although sales softened in Q4 for the reliable brand. Over the year, sales increased 16.7% (10.1% l-f-l) driven […]
Rapierstar growth sees deliveries up 12% in last 12 months
Window and door fastener specialist Rapierstar has recorded a strong 2017 in the UK and Irish market with the number of its customer deliveries increasing by 12% during the year, which resulted in year-on-year sales growth of 10%. According to the firm, nearly four out of five fabricators in the door and window market choose […]
NORMA smashes past €1 billion sales for first time
NORMA’s annual sales surpassed the one billion euro mark for the first time last year. Seeing significant growth, the group saw sales rise 13.7% to €1,017.1 million (2016: €894.9 m). NORMA attributed the rise to the good overall economic situation and the high demand for reliable joining technology in important end markets – cars, commercial […]