Bosch recently presented its preliminary financial figures for 2024, reporting a challenging business performance.<\/p>\n
According to the company, revenue in 2024 declined nominally by one percent compared to 2023, reaching \u20ac90.5 billion. Operating EBIT dropped to 3.2 percent. In the previous year, Bosch recorded an operating EBIT of \u20ac4.8 billion, as stated in its 2023 annual report. For 2024, Bosch reported an operating EBIT margin of 3.5 percent.<\/p>\n
Stefan Hartung, Chairman of the Board of Management at Robert Bosch GmbH, commented: “Despite our greatest efforts, Bosch could not escape economic realities. However, we managed to hold our ground respectably compared to the industry.”<\/p>\n
The company stated that weak global economic growth and significant market delays in growth sectors such as electromobility impacted Bosch Group’s business performance.<\/p>\n
Despite these challenges, Bosch remains committed to its ambitious business objectives. According to its statement, the technology company aims to be a leading provider in key markets across its business segments by 2030. Additionally, it seeks to achieve annual revenue growth of six to eight percent and a minimum return of seven percent.<\/p>\n
According to Stefan Hartung, Bosch\u2019s key growth areas continue to be technologies for the mobility of the future and the smart home sector.<\/p>\n