Bosch realizes sales revenues of EUR 78.1 billion in 2017
EBIT (earnings before financial result and tax) from operations reached EUR 5.3 billion in 2017, thus improving by nearly 17% compared with 2016.
– Both sales revenue and earnings are the highest ever in our company’s history. What’s more, EBIT from operations increased at a higher rate than sales revenue – said Stefan Asenkerschbaumer, Bosch CFO and deputy chairman of the management board.
The EBIT margin from operations came to 6.8%, or 0.6 percentage points higher than in the previous year.
Research and development expenditure also remained on a high level. Last year, it came to some EUR 7.3 billion. This is equivalent to more than 9% of sales.
The Bosch Group expects its sales revenue to grow by 2 to 3% in 2018, the company announced. In the first three months, the sales revenue generated by the company matched the high level of the same period of the previous year, and even increased by around 5% when adjusted for exchange-rate effects. Bosch is aiming for further growth in 2018, despite the difficult economic climate.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
18.04.2024. | Industry, Finance
Here come the new hunters for Serbian gold – Australian Strickland Metals buys mining project on mountain Rogozna
18.04.2024. | Industry, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Transport
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Transport