Diversified manufacturer The Bosch Group (Stuttgart, Germany) reached its growth target for 2006 with global sales growth of more than 5 percent to 43.7 billion euros (approx. U.S. $56.9 billion), according to an announcement of preliminary 2006 figures at a press briefing in Stuttgart. Return was slightly down and the pre-tax result is expected to be at the lower end of the targeted 7 to 8 percent of sales.
Growth drivers were the Asia Pacific region and the Consumer Goods and Building Technology business sector, as well as the Industrial Technology business sector.
"Our long-term strategy is paying off. We have been able to significantly expand our presence in Asia, and to strongly grow our business outside of automotive technology," said Chairman Franz Fehrenbach at the press briefing.
Consumer Goods Show Highest Growth
All group business sectors made a positive contribution to growth in 2006, but the level of year-on-year growth of those contributions varied considerably. Automotive Technology accounts for about 62 percent of total sales and the business grew by 3.5 percent, but without consolidation effects, growth was 1 percent less.
The highest growth was recorded by the Consumer Goods and Building Technology business sector, with sales up roughly 10 percent to nearly 11 billion euros (approx. $14.3 billion). All divisions in the Consumer Goods and Building Technology business sector contributed to growth, the group said, from household appliances, to power tools, to thermotechnology and security systems.
Industrial Technology grew more than 7 percent but disclosed lower sales growth due to a transfer of some businesses to Automotive.
to Daily News