Bosch realizes sales revenues of EUR 78.1 billion in 2017

(Illustration) Bosch realized sales revenues of EUR 78.1 billion in 2017. This represents an increase of 6.8%, or 8.4% after adjusting for exchange-rate effects, the company announced.

EBIT (earnings before financial result and tax) from operations reached EUR 5.3 billion in 2017, thus improving by nearly 17% compared with 2016.

– Both sales revenue and earnings are the highest ever in our company’s history. What’s more, EBIT from operations increased at a higher rate than sales revenue – said Stefan Asenkerschbaumer, Bosch CFO and deputy chairman of the management board.

The EBIT margin from operations came to 6.8%, or 0.6 percentage points higher than in the previous year.

Research and development expenditure also remained on a high level. Last year, it came to some EUR 7.3 billion. This is equivalent to more than 9% of sales.

The Bosch Group expects its sales revenue to grow by 2 to 3% in 2018, the company announced. In the first three months, the sales revenue generated by the company matched the high level of the same period of the previous year, and even increased by around 5% when adjusted for exchange-rate effects. Bosch is aiming for further growth in 2018, despite the difficult economic climate.

Robert Bosch d.o.o. Beograd

Bosch

Bosch revenues

Bosch profit

Stefan Asenkerschbaumer

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