The Bosch Group will increase its turnover by 3.5% in 2023 in full technological acceleration

Bosch exceeded its business targets in 2022. Despite being a challenging year, it increased its sales to €88.2 billion, a growth of 12%, or 9.4% when adjusted for currency effects, compared to €78,700 million the previous year year. “We were ready for the challenges of 2022: both our turnover and our margin were higher than expected. Although the economic and social environment remains demanding, we want to grow faster,” explains Stefan Hartung, Chairman of the Board of Management of Bosch. 8% and a margin of at least 7%. Our goal is to grow in all regions of the world and be among the top three providers in our relevant markets,” he added. The fight against climate change is causing great turmoil in business and society, and is also accelerating technological change. “This technological transformation opens up growth opportunities that we want to take advantage of, both in our existing businesses and in related areas and in new ones,” emphasized Hartung. “In this context, our ‘Innovation for your life’ philosophy is ideal, not only when it comes to the main trends in electrification, automation and digitization, but more than ever with regard to software and artificial intelligence,” he emphasized. . Related News standard No These are the most common mistakes in traffic jams A. Noguerol It is estimated that in cities such as Madrid or Barcelona you can lose more than 42 hours a year to traffic delays. Markus Forschner, CFO of Bosch, stated that “despite the difficult environment, we can look back on strong results. At the same time, we have laid the important foundations for Bosch’s success in tomorrow’s markets.” In total, the company invested more than 12,000 million euros last year to secure its future. Expenditure on research and development rose to 7.2 billion euros (6.1 billion euros in 2021), 8.2% of sales (7.8% in 2021) Bosch PF In the first quarter of 2023, the Bosch Group increased its sales by 3.5%. has experienced a very favorable development, with a growth of 18.1%, just like Europe, where the boom was 7.7% “The first months have shown that this exercise will also be challenging,” said the CFO. expects raw material and energy prices, as well as inflation, to remain high By 2023, Bosch expects global economic output to grow by only 1.7%, which represents a significant slowdown compared to 2022. MORE INFORMATION news None Reverter and the Alpinche, the man and his legend news No CFMOTO, an efficient ATV with a lot of technology news No Learn to change a wheel in case you get a flat tire or a blowout Despite the subdued economic outlook, Bosch is aiming for sales growth for this year between 6 and 9% and an operating EBIT margin target of 5%. “We want to get one step closer to our long-term margin target of at least 7 percent,” Forschner said. “We have set ourselves an ambitious step-by-step plan,” he concluded.
Source: La Verdad

Mary

I am Mary Fitzgerald, a professional journalist and author of the Today Times Live. My specialty is in writing and reporting on technology-related topics. I have spent the last seven years extensively researching and understanding the field of technology so I can properly inform my readers about developments in this ever-evolving world.