Mexican Media Brands
Bosch Posts Record Revenue in 2015
Robert Bosch GmbH reports its sales surged 44% to a record €70.6 billion ($80.1 billion) in 2015.
#economics
Share
Robert Bosch GmbH reports its sales surged 44% to a record €70.6 billion ($80.1 billion) in 2015, largely because of booming demand for its automotive sensors.
Results were bolstered by the company’s buyout of partners in two 50:50 joint ventures, which contributed a sales gain of about €22 billion ($24.9 billion). Earnings before interest and taxes climbed 24% to €4.6 billion ($5.2 billion) last year.
Sales of Bosch sensors and other hardware used for driver aid features and autonomous capabilities rose 12%—six times the growth in worldwide vehicle production—to €41.7 billion ($47.3 billion) in 2015. The company's mobility solutions unit posted EBIT of €3.5 billion ($4.0 billion).
Bosch cautions that its sales growth slowed at the beginning of this year. If the trend continues, the company says, full-year revenue growth is likely to be less than 4%.
RELATED CONTENT
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .