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Bosch: broad portfolio ensures sales remain high – adverse environment impacts earnings

Business year 2019

  • Sales: 77.9 billion euros
  • Result: approx. 3 billion euros
  • Substantial upfront investments: one billion euros annually for the mobility of the future
  • Bosch CEO Denner: “As an innovation leader, we are helping to shape the move to alternative mobility and seizing our opportunities.”
  • Bosch CFO Asenkerschbaumer: “We are working on our profitability and adjusting our manufacturing capacity.”
  • Artificial intelligence: training program for 20,000 associates

in Bosch, by Sven Kahn, 28-01-2020


In spite of the economic weakness in the automotive industry, the Bosch Group was able to maintain the previous year’s high level of sales in 2019. According to preliminary figures1, the supplier of technology and services generated sales of 77.9 billion euros last year. This puts revenue on a par with the previous year’s figure. After adjusting for exchange-rate effects, however, revenue is down 1.1 percent. Presenting the preliminary figures, Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, said: “A weak economy and the steep decline in automotive production left their mark on Bosch as well. In view of the current challenges, the company’s broad diversification is having a stabilizing effect, which helps both to expand existing business and to develop new business. Despite the challenging economic situation, we continue to invest in important growth areas.” This year alone, Bosch plans to spend more than one billion euros on the electrified, automated, and connected mobility of the future. “As an innovation leader, we are helping to shape the move to alternative mobility and seizing the opportunities this presents,” Denner said.

 

Click here to coninue read the press release

 

https://www.bosch-presse.de/pressportal/de/en/business-year-2019-206656.html

 

 

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