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Bosch Sales Rise 2% as Pretax Earnings Stall
Robert Bosch GmbH report that its adjusted revenue in 2018 grew 2% to a record €77.9 billion ($89 billion).
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Robert Bosch GmbH report that its adjusted revenue in 2018 grew 2% to a record €77.9 billion ($89 billion).
Auto-related sales revenue advanced 2% to €47 billion ($53.7 billion). But the company’s pretax earnings from all operations were flat at €5.3 billion ($6.1 billion).
Bosch anticipates a “huge” market for electrified powertrains that could reach €5 billion annually by 2025. The company adds that it will invest €4 billion by 2022 on technologies related to autonomously driven vehicles.
The company expects its sales of advanced driver assist features such as blind-spot detection and lane monitoring will generate revenue of €2 billion this year.
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