From GlobeNewswire: 2025-01-31 04:58:00

Bosch reported a sales revenue of 90.5 billion euros in 2024, with a 3.5% EBIT margin. AI is boosting core business, aiming for sales worth billions by 2030 with a focus on climate change innovations. North America saw a 6% sales increase, with a growth focus in the U.S. for 2025. Bosch aims to improve sales revenue and results in the upcoming fiscal year despite challenges. The company’s growth strategy includes portfolio management and strategic acquisitions like the HVAC business deal worth $8 billion. Bosch is striving for a leading position in key markets by 2030 with an average annual growth of 6-8% and a margin of 7%. In North America, Bosch achieved $17.4 billion in sales in 2024, a 6% increase from the previous year. The Mobility business saw a 5% increase to $10.7 billion, with investments in technologies like silicon carbide chips. The Consumer Goods sector achieved $3.4 billion in sales, a 3% increase, with plans for new product launches and advertising campaigns in the U.S. The Energy and Building Technology sector in North America saw $1.9 billion in sales, a 46% increase, with plans to acquire the HVAC solutions business from Johnson Controls. The Industrial Technology business sector posted $1.4 billion in sales in 2024, a 12% decrease year-on-year. Bosch is focused on driving innovation in areas like electromobility, hydrogen, and sustainable technologies to address climate change challenges. The company is leading in innovations like cryogenic pumps for hydrogen and energy-efficient home appliances. In 2024, Bosch reported sales revenue of 90.5 billion euros and an EBIT margin of 3.5 percent. The company plans to focus on portfolio management for competitiveness and growth in North America. AI is expected to generate billions in sales by 2030, with a focus on climate change innovations.

Bosch has around 5,000 AI experts working on new AI-assisted emergency call services for elevators. The company is increasingly using AI in its core business, with expectations of generating over 6 billion euros in software and services sales by 2030. Bosch aims to strengthen competitiveness in Europe through economic policy changes.

Market developments affected Bosch’s business sectors in 2024, with Mobility reaching 55.9 billion euros in sales revenue, Industrial Technology at 6.5 billion euros, Consumer Goods at 20.3 billion euros, and Energy and Building Technology at 7.5 billion euros. European sales revenue decreased by 5 percent.

As of 2024, Bosch employed 417,900 associates globally, a decrease of nearly 3 percent from the previous year. The company expects a challenging environment in 2025, with projected global economic growth of 2.5 percent. Bosch aims to improve sales and results in 2025 and achieve a target margin of 7 percent by 2026 through cost-saving measures and focused investments. In 2024, Bosch reported sales revenue of 90.5 billion euros and an EBIT margin of 3.5 percent. Their strategy for 2030 includes focusing on portfolio management to maintain competitiveness. North America saw a six percent increase, with growth in the U.S. AI technology is expected to generate billions in sales by 2030. Climate change innovations are a key focus for future growth. Business leaders aim to improve sales revenue despite challenging conditions. Bosch employs over 41,000 individuals in North America and generated $17.4 billion in sales in 2023 in the region. Bosch is a global technology and services provider with a revenue of 90.5 billion euros in 2024. Bosch’s business sectors include Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. They aim to use technology to shape trends like automation and sustainability. Bosch was founded in Stuttgart in 1886 and has a unique ownership structure that ensures financial independence. Bosch’s innovative strength is key to their development, with a focus on sustainability and improving quality of life. In 2024, Stuttgart-based company reported sales revenue of 90.5 billion euros with an EBIT margin of 3.5 percent. Strategy for 2030 includes portfolio management for competitiveness. North America saw a six percent increase, focusing on growth in the U.S. AI is boosting core business, aiming for sales worth billions by 2030, with a focus on climate change innovations. Economic policy includes market liberalization and increased investment for a strong Europe. Executives are optimistic about future growth.



Read more at GlobeNewswire:: Bosch held back by market