Bosch sees 7% gain in automotive technology revenues
Feb 3, 2005 12:13 PM
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The Bosch Group saw automotive technology revenues rise by 7% in 2004, to $31.4 billion. Worldwide sales rose by 10%, to $49.7 billion.
Franz Fehrenbach, chairman of the board of management, Robert Bosch GmbH, says The Bosch Group's global presence enabled it “to profit from the very favorable economic conditions worldwide.” He adds that the Bosch’s “high level of up-front investment” in previous years “is now beginning to pay off."
The group achieved a 6% return on sales compared with 5% in 2003. Its goal remains at 7%. Fehrenbach attributes the improvement to better plant capacity utilization.
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