Fabian Piasta, an analyst from Jefferies, maintained the Hold rating on Bossard Holding AG (0QS5 – Research Report). The associated price target remains the same with CHF207.00.
Fabian Piasta’s rating is based on a combination of factors that reflect the current performance and outlook of Bossard Holding AG. The company reported a modest start to the year with its first-quarter sales, which were primarily driven by acquisitions, resulting in a 10% year-over-year increase to CHF 284 million. However, the underlying organic growth in local currency terms showed a slight decline of 1.5% year-over-year, indicating challenges in the core business.
Despite some stabilization in European revenues, the US market continues to struggle with a 9% year-over-year decline, particularly due to weak demand in the electric vehicle and agriculture sectors. While there is growth in Asia, driven by production shifts to India, the overall visibility on future demand remains unclear, with no guidance provided for a potential turnaround in the first half of 2025. The company’s global presence and sourcing capabilities offer some resilience against tariff impacts, but the uncertain environment in key markets like Machinery and Automotive is hindering a comprehensive recovery.
According to TipRanks, Piasta is a 4-star analyst with an average return of 10.8% and a 56.00% success rate.