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News and Information Article
Continued Strength in Industrial Technology and Consumer Goods/Building
Technology Businesses; Automotive Technology also Grows
Global Sales Increase 6.4 Percent; Company Registers Growth in All Regions
and Business Sectors
FARMINGTON HILLS, Mich., May 24 // --In 2005, the Bosch Group
increased its North American sales by more than 8 percent, reaching $8.4
billion (6.8 billion euros). Final results indicate strong growth in all
three of the companys business sectors -- Automotive Technology,
Industrial Technology, and Consumer Goods and Building Technology. Global
Bosch Group sales grew 6.4 percent in 2005, to $51.7 billion (41.5 billion
euros).
"Boschs growth in North America in 2005 is a testament to our
dedicated focus on research and development," said Peter Marks, chairman,
president and CEO, Robert Bosch Corporation and member of the Board of
Management, Robert Bosch GmbH. "On a worldwide basis, the Bosch Group
invested 7 percent of its revenue into research and development, which
enables us to develop high quality clean, safe, efficient, and more
comfortable products."
Automotive Technology
Boschs North American Automotive Technology sector saw a sales
increase of approximately 5 percent to $5.5 billion (4.4 billion euros) in
2005. Automotive Technology, inclusive of original equipment and
aftermarket activities, is Boschs largest business sector with more than
14,000 associates in North America. Worldwide sales of Automotive
Technology sector grew faster than global automobile production to $32.7
billion (26.3 billion euros) in 2005, an increase of 5.4 percent over the
previous year.
Industrial Technology
The Industrial Technology sector had a sales increase of 21 percent,
reaching $1.2 billion (1 billion euros) in 2005. With over 3,100
associates, Bosch continues to make a strong impact in this sector with its
automation solutions via Bosch Rexroth and packaging technology. Global
Industrial Technology sales rose by just under 13 percent to $6.5 billion
(5.2 billion euros)
Consumer Goods and Building Technology
The Consumer Goods and Building Technology business sector achieved
growth of more than 6 percent, resulting in 2005 revenues totaling $1.7
billion (1.4 billion euros). In North America, Consumer Goods and Building
Technology employs nearly 5,500 associates and supplies products that
include power tools, security systems, home appliances and
thermo-technology. The Consumer Goods and Building Technology business
sector worldwide increased its sales revenue by 6.1 percent to $ 12.5
billion (10 billion euros).
Future Growth Planned
Bosch will continue to pursue expansion globally, and has identified
the Americas (North and South America) as one of two key regions for
growth. In North America, Bosch has more than 80 plants and sales and
distribution centers. The Americas region contributes 19% of Boschs global
sales, and this contribution is expected to increase further.
"Due to the economic, production and product opportunities the region
offers, the U.S. is a vital market in the Americas region where we plan
aggressive growth," said Marks. "To achieve our long-term growth goals, we
will remain focused on our founding attributes - long-term perspective,
innovative strength, quality and customer satisfaction."
Bosch will actively manage its portfolio through product innovation and
strategic acquisitions. For its Automotive Technology sector, Bosch sees
opportunities for growth in the U.S., especially for its clean diesel and
gasoline direct injection technology, electronic stability control, driver
assistance systems and aftermarket product portfolio. Bosch will continue
to focus on its core competencies and expand its products and services
within its Industrial Technology and Consumer Goods and Building Technology
sectors.
The Bosch Group is a leading global manufacturer of automotive and
industrial technology, consumer goods, and building technology. In fiscal
2005, some 251,000 associates generated sales of 41.5 billion euros. Set up
in Stuttgart in 1886 by Robert Bosch (1861-1942) as "Workshop for Precision
Mechanics and Electrical Engineering," the Bosch Group today comprises a
manufacturing, sales, and after-sales service network of more than 280
subsidiaries and more than 12,000 Bosch service centers in over 140
countries.
In North America, the Bosch Group manufactures and markets automotive
original equipment and aftermarket products, industrial automation and
mobile products, power tools and accessories, security technology,
thermo-technology, packaging equipment and household appliances. Bosch
employs nearly 22,700 associates in more than 80 primary and 20 associated
facilities throughout the region with reported sales of $8.4 billion in
2005. This year marks Boschs 100th year of operating in the U.S. For more
information on the company and the Centennial, visit http://www.bosch.us .
Editors Note: Conversion rate - 1 Euro = $1.245 USD
CONTACT: Eric Kosmider
Corporate Communications
Robert Bosch Corporation
E-mail: eric.kosmider@us.bosch.com
Telephone: 248-876-2474
Fax: 248-876-1116
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