Bosch – one of the world’s largest industrial companies, producing a wide variety of engineered products, from automotive components to home appliances – has reported increased sales for the year 2016.
In a press conference last week to launch the German giant’s annual report, Bosch CEO Volkmar Denner listed the key figures:
- sales rose from €70.6 billion in 2015 to €73.1 billion last year; and
- earnings before tax in 2016 reached a total of €4.3 billion.
Sales in all business segments and geographical regions had increased, added Denner.
As positive as the figures may seem, Denner said the company was nonetheless undergoing “profound transformation”, partly brought about by a range of new technologies which are changing the global industrial landscape, and because diesel engines may be phased out. [Read more…] about Bosch reports increased sales of €73 billion. Wins massive new sensor contract from Apple