Regardless of the chip crisis, the Bosch technology group has overcome the corona low and further expanded its business. As was announced yesterday, Wednesday, the German automotive supplier increased its group sales by ten percent to 78.8 billion euros last year.
According to preliminary figures, the operating profit climbed from 2 to 3.2 billion euros. 401,300 people are employed worldwide. The Stuttgart-based technology group, which is considered the largest automotive supplier in the world, has restructured its management team significantly in recent months: Among other things, Stefan Hartung has taken over the post of CEO from Volkmar Denner.
In addition to components for the automotive industry, Bosch also manufactures household appliances, power tools, and industrial and building technology. The Robert Bosch Foundation is 94 percent owner. In Austria, the group is represented at 13 locations, including in Linz, Vienna and Hallein.
At his inaugural press conference, Hartung explained that the supply bottlenecks in semiconductors were far from over: “We’re dealing with this in all sectors, right down to consumer goods.” Normalization is expected in 2023. This year, 400 million euros will be invested in the company’s own semiconductor production facilities in Dresden, Reutlingen and Malaysia.
A large part of the business still consists of combustion engine systems, but electromobility already contributes more than one billion euros to sales.
Source: Nachrichten
