Bosch Group's 2015 sales exceeds 70 billion euros for the first time

Dr. Volckermar Dunner, Chairman of the Bosch Group's Board of Directors, said: "We have completed our 2015 target." Total sales increase by about 10%, with a profit of about 5 billion euros. EBIT margin rose again to 6%. The automotive and intelligent transportation technology business faced no market challenges, achieved an adverse market growth, and accelerated sales growth in energy and construction technology business.

Stuttgart - According to preliminary financial report data, Bosch Group's 2015 sales increased by about 10%*, for the first time more than 70 billion euros. In 2015, the company's profitability also made progress. EBIT before non-recurring items increased to approximately EUR 5 billion. After removing non-recurring items, the total profit was 4.5 billion euros. The Group’s pre-tax profit margin was 6%, which was calculated on the same basis and improved from last year. Although the company has invested heavily in the acquisition of all the shares of Bo Xi Appliances and now Bosch Steering Systems Co., Ltd., the asset-equity ratio and cash liquidity remain good. Dr. Volkermar Dunner, Chairman of Bosch Group's Board of Directors, said: “Although the business environment in 2015 was full of challenges and many markets were weak, Bosch Group, with its innovative advantages, was able to successfully sustain the growth momentum. One of the main drivers for the positive development of the business The strength is that we can provide more and more interconnected solutions."

Bosch Group's 2015 sales exceeds 70 billion euros for the first time

Bosch is leading digital transformation

The trend of interconnection brought about by the Internet of Things is gradually driving the transformation of Bosch's business, some of which are even fundamental changes. Bosch is the only company in the world that has made achievements in all three levels of the Internet of Things. The key technologies provided by the Bosch Group make it possible to interconnect, such as sensors and software, and develop new services based on this. "We are relying on our expertise in sensors, software and services to create a connected world and open up new business opportunities. The 'digital revolution' will never be a threat to us; instead, we will It is regarded as a great opportunity." Dr. Dunner added. For example, Bosch announced its entry into the smart home market. At the International Consumer Electronics Show held in Las Vegas, USA, a few weeks ago, Bosch showed its smart home system to the public for the first time.

* The recently acquired financial data of Boxi Home Appliances Group and Bosch Steering Systems Co., Ltd. were first fully incorporated and displayed in the financial report. All 2014 business data have been adjusted accordingly to compare on a unified basis.

Development of Business Units in 2015

In 2015, the performance of each of the four major business units showed different trends. Dr. Stefan Asenkerschbaumer, Chief Financial Officer and Vice Chairman of the Board of the Bosch Group explained: “In 2015, we further enhanced our market position and competitiveness in various business areas and achieved higher market share.” The output growth is not good. According to the preliminary data, the Bosch Group's automotive and intelligent transportation technology business still performed strongly. In 2015, sales increased by 12% to 41.7 billion euros. Gasoline and diesel injection systems, driver assistance systems, and infotainment systems are all Bosch's most successful product representatives last year. The consumer goods business also achieved strong growth. Sales increased by 9.3% year-on-year to 17.2 billion euros. Among the best-selling products are home appliances such as wireless power tools and interconnected stoves.

The energy and construction technology business achieved sales of 5.1 billion euros in 2015, achieving a growth of 11%, a significant increase from last year. Its success is mainly attributed to services, security systems for large infrastructure projects and interconnected intelligent heating solutions. Industrial technology business continued to be affected by the weakness of the global mechanical engineering sector, with sales falling by 1.7% year-on-year to 6.6 billion euros. In 2015, the transmission and control technology department remained in a sluggish state in the important areas of the mechanical engineering market.

Outlook 2016 - cautious and optimistic

Bosch expects that the global economy will show a modest growth rate of 2.8% in 2016. “We also need to be prepared for stronger market volatility, which also includes regional and industry-specific market fluctuations,” said Dr. Asenkerschbaumer. In 2016, the market will still be in a complex situation and full of uncertainty. In spite of this, Bosch still hopes to maintain its growth momentum this year and achieve faster than average market growth in multiple markets. In addition to investing in the long-term development of the company, Bosch will also work to further improve its performance and EBIT.

Interconnected solutions make life easier, more comfortable and more comprehensive

Bosch's strategic goal is to provide various solutions for connected travel, connected production, and connected energy systems and buildings. In 2015, the company has released a series of latest achievements in these fields. "Internet technology is the key to future challenges such as resource shortages and urbanization," said Dr. Dunner. For example, an intelligently interconnected building can reduce its own energy consumption by up to 40%. By 2020, 15% or about 230 million homes worldwide will be equipped with smart home solutions. "The interconnection technology and system will certainly provide users with high convenience and intuitive operability," continued Dr Dunner. Therefore, Bosch smart home system is very concerned about the user experience. Through a central control platform, the system can realize intelligent interconnection among various devices including heating, household appliances, entertainment systems, lighting and security systems. All connected devices in your home can be operated at any time via the Bosch Smart Home App on your smartphone or tablet.

Based on traditional business advantages, dare to enter the new field

“We are entering new markets with promising growth, such as smart homes and connected industries, while seizing every opportunity in the traditional market,” said Dr. Dunner. Intelligent transportation electrification is one of the aspects. One of Bosch's most important acquisitions in 2015 was Seeo, a start-up battery technology company in the United States. This also helped Bosch master the cutting-edge technologies in the field of solid-state batteries. As Dr. Dunnell said: "Whether this business is developing in a gradual or subversive manner, Bosch will participate." Bosch also saw great potential in the field of two-wheeled vehicles and commercial vehicles. In these two areas, Bosch recently established a dedicated business unit to better serve the market and customer needs. Automation, electrification, and interconnection, the three major trends in intelligent transportation, will also have a profound impact on the two-wheeler and commercial vehicle market. In the field of commercial vehicles, automation will play an increasingly important role in reducing accidents; in the field of two-wheel vehicles, especially in developing countries, the injection system of two-wheeled vehicles can be effective compared to the currently used carburetor systems. Reduce fuel consumption and make outstanding contributions to saving energy.

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