Ad hoc announcement pursuant to Art. 53 LR - 2020

Strategic participation in the field of lightweight construction and multi-material design

Third quarter shows considerable improvement

Secured profitability

Resilience amidst the COVID-19 pandemic

The board of directors of the Bossard Group has been thoroughly assessing the impact of the coronavirus crisis. After an in-depth analysis of the challenges that have arisen, the board is convinced that all necessary measures have been taken to protect employees while ensuring business continuity. As a result, Bossard continues to be a reliable supply partner in all its sales markets. At the moment, it is impossible to estimate the long-term impact of the coronavirus crisis. In this volatile market environment, the board of directors is determined to safeguard the Group’s liquidity in case of a longer-lasting market slump. At the same time, the board wants shareholders to participate in the solid 2019 results, taking into account the current challenges. At the annual general meeting of shareholders, the board will therefore propose reducing its original dividend request by half, to CHF 2.00 per registered A share and CHF 0.40 per registered B share.

Solid results – vigorous investment activity

The Bossard Group is increasing its majority stake in Torp Fasteners located in Oslo, Norway, from 60 percent to 100 percent. Bossard has held a stake in the company, a specialist in high-quality engineered fastening solutions, since January 2015. In recent years, Bossard has made considerable efforts to further develop the demanding Scandinavian markets. The parties have agreed to keep the purchase price confidential.

Challenging environment – growth in Europe and Asia