Watches

Published on January 24th, 2014 | by Daniel Sherman Fernandez

0

Bosch Business Boost From Auto Division

Robert Bosch got a big boost from its automotive division, which was the only business unit within the diversified company to report a sales increase in 2013. Strong demand for gasoline direct-injection and diesel-injection systems lifted the automotive unit’s revenue by 7 percent to 30.7 billion euros ($41.7 billion), Bosch, the world’s largest parts maker released a statement based on preliminary figures.

The unit had an earnings before interest and taxes (EBIT) margin of 8 percent last year, up from 4.5 percent in 2012, according to a spokesman. It is the first time the auto division has hit its 8 percent profitability target since 2010.

Bosch reported that company wide 2013 revenue rose 2.7 percent to 46.4 billion euros, with foreign-exchange fluctuations causing a 1.5 billion-euro burden. Last April, Bosch forecast an overall sales increase of as much as 4 percent. Excluding an extraordinary 1.3 billion euro charge for losses on its solar business, Bosch’s overall EBIT margin in 2013 would have been 6 percent, up from around 5 percent, according to preliminary figures. Bosch is set to unveil full-year earnings on April 30.

 


About the Author

www.dsf.my is a service to the public and other website owners. www.dsf.my is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on any information contained within the site www.dsf.my. While the information contained within the site is periodically updated, no guarantee is given that the information provided in this website is correct, complete, and up-to-date. www.dsf.my is not responsible for the accuracy or content of information contained inside.



Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top ↑