Bosch’s difficult 2022 in numbers (the future is in China)
Despite supply chain problems and the war, Bosch's revenue in Europe rose by 8% to 44.8 billion, while in the US it grew by 25% to 14.3 billion, in South America by 30% to 1 8 billion and in Asia Pacific by 12% to 27.5 billion.
Revenue of the world's leading auto parts supplier Bosch reached 88.4 billion euros in 2022, 12 percent more than a year earlier, while operating profit grew by 15.6 percent to 3. 7 billion, for a margin up from 4% to 4.2%. "The difficult 2022 financial year proves once again that Bosch is crisis-proof and possesses strong innovative capacity," said chairman Stefan Hartung himself. “In a challenging environment, we are creating our growth opportunities around the world with targeted investments and strengthening our international presence”.
CHINESE INVESTMENTS BY BOSCH
Despite the turbulence, Bosch has chosen to invest a respectable sum of 1 billion euros in China in order to build a hi-tech plant in the city of Suzhou (Jiangsu province), 70 km from Shanghai, where it will develop, it will test and produce components for electric vehicles and automated driving.
This is nothing new either for German companies, which have been doing business and weaving jvs in China for decades ( Republic on 30 April 2012 headlined: "Germany, China becomes the last land"), nor for Bosch itself, which in fact, it has several production sites in the country and something like 55,000 employees.
THE NUMBERS OF THE VARIOUS SECTORS
It leads the mobility segment with revenues up 17% to $52.6 billion although margins were squeezed by cost increases across the supply chain and the company's investments in transforming the mobility business. As for the other sectors, Energy and Building Technology recorded a 15% increase in turnover to 7 billion euro.
Industrial Technology reported a slightly lower growth of 14% to $6.9 billion also thanks to the purchase of HydraForce and Elmo. In Consumer Goods, revenues improved just 2% to $21.5 billion. Sales in Europe increased by 8% to 44.8 billion, despite the impact of the war in Ukraine, while in North America it grew by 25% to 14.3 billion, in South America by 30% to 1.8 billion and in Asia Pacific by 12% to 27.5 billion.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/il-difficile-2022-di-bosch-in-numeri-il-futuro-e-in-cina/ on Tue, 07 Feb 2023 06:04:33 +0000.