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Bosch significantly increases sales and earnings

 
 
 

Contacts


Marina Blomniece
Communication manager
Robert Bosch SIA
Mūkusalas str. 101
LV-1004 Riga
Latvia
Phone:
+371 67802080
Fax:
+371 67807941

 

2018-02-01 | Bosch Group | Corporate News

A successful business year in 2017

  • Sales increase to some 78 billion euros
  • Result from operations climbs to 5.3 billion euros
  • Mobility Solutions business sector grows faster than automotive production
  • New Industry 4.0 unit has 500 associates
  • A host of solutions for smart agriculture and smart cities
  • Bosch CEO Denner: “We recognized the potential of connectivity early on and are now converting it into business success.”

Stuttgart and Ludwigsburg, Germany – In 2017, Bosch achieved a strong 6.7 percent increase in sales. According to preliminary figures, the supplier of technology and services generated sales of 78 billion euros last year. Adjusted for exchange-rate effects, that represents an increase of 8.3 percent. Sales results were negatively impacted by exchange-rate effects to the tune of some 1.2 billion euros. “We exceeded our growth forecasts and further improved our profitability.

In 2017, our sales were higher than ever,” said Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, speaking at the press briefing on preliminary figures in Ludwigsburg, Germany. As a result of its innovative strength and a strategy focused on connectivity, the company remains on a growth trajectory. As Denner explained: “We recognized the potential of connectivity early on and are now converting it into business success.” Earnings from operations before interest and taxes (EBIT) rose to some 5.3 billion euros in 2017. This equates to an EBIT margin from operations of 6.8 percent. As Professor Stefan Asenkerschbaumer, the CFO and deputy chairman of the board of management, explained, “Bosch’s success in its core business finances its efforts to become a leading supplier of IoT technology and mobility solutions.” Looking at the year ahead, the company sees numerous opportunities to bring connectivity to further areas, such as factories, buildings, and cities, as well as to transform mobility. Denner also stressed the importance of transforming corporate culture for the digital transformation.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 400,500 associates worldwide (as of December 31, 2017). According to preliminary figures, the company generated sales of 78 billion euros in 2017. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to deliver innovations for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 450 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 125 locations across the globe, Bosch employs 62,500 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Further information is available online at

www.bosch.com

www.bosch-press.com

twitter.com/BoschPresse