Bosch up 5% in 1st Quarter but sees tougher year ahead

News
May 1, 2012

May 1, 2012

bosch_pm

Soft magnetic cores made from encapsulated iron

powder are used in the Bosch common rail diesel

engine system

The Bosch Group based in Stuttgart, Germany, expects global economic growth to slow to a more modest 3 to 5% in 2012. However, it warned that it may not reach its own 2012 growth target of 5% due to high raw material costs.

This was announced by Franz Fehrenbach, Chairman of the Bosch Board of Management, at the company’s annual press conference held on April 26, 2012. “There is still a great deal of uncertainty with regard to future economic developments, even though the sovereign debt crisis in the euro zone has been defused slightly,” Fehrenbach said.

In the first quarter of 2012, sales increased year on year by some 5%. The greatest relative growth was achieved in Industrial Technology, followed by Automotive Technology. Developments in the Consumer Goods and Building Technology business sector were said to be more moderate. In fiscal 2011, Bosch grew more strongly than expected, despite a weaker global economy. Its sales increased by 9% to €51.5 billion. Profit before tax stood at €2.6 billion, compared with €3.5 billion in the previous year.

Bosch reports that it has strengthened its market position in all of its three business sectors. Automotive Technology, the largest business sector, generated sales of €30.4 billion in 2011 last year, an increase of 8.2% year on year. Two of the company’s most successful automotive products include common-rail diesel and gasoline direct injection systems. Between 2011 and 2014, Bosch wants the annual unit sales of these systems to grow significantly from 7.2 to 9.6 million and from 4 to 8.6 million respectively.

The Bosch Group comprises Robert Bosch GmbH and its roughly 350 subsidiaries and regional companies in some 60 countries. It includes the PM part, bearing and soft magnet producer BTMT GmbH in Herne, Germany.

www.bosch.com

Posted by: Paul Whittaker, Editor ipmd.net, [email protected]   

News | Articles | Market reviews | Search directory | Subscribe to e-newsletter

News
May 1, 2012

In the latest issue of PM Review…

Download PDF

Extensive Powder Metallurgy industry news coverage, and the following exclusive deep-dive articles and reports:

  • Phoenix Sintered Metals: A story of transformation, growth and community from America’s PM heartland
  • World PM2024 Yokohama: The stage is set for the PM industry to find a path to sustainable growth
  • The state of Europe’s hard magnets industry and the challenge of optimising the mass production of Nd2Fe14B permanent magnets

The latest news from the world of metal powders, delivered to your inbox

Don't miss any new issue of PM Review, and get the latest industry news. Sign up to our weekly newsletter.

Sign up

Join our community

Discover our magazine archive…

The free-to-access PM Review magazine archive offers unparalleled insight into the world of Powder Metallurgy from a commercial and technological perspective through:

  • Reports on visits to leading PM part manufacturers, metal powder manufacturers and industry suppliers
  • Articles on technology and application trends
  • Information on materials developments
  • Reviews of key technical presentations from the international conference circuit
  • International industry news

All past issues are available to download as free PDFs or view in your browser.

 

Browse the archive

 

Looking for PM production equipment, metal powders, R&D support and more?

Discover suppliers of these and more in our
advertisers’ index and buyer’s guide, available in the back of PM Review magazine.

  • Powders & materials
  • Powder process, classification & analysis
  • PM products
  • Atomisers & powder production technology
  • Compaction presses, tooling & ancillaries
  • Sintering equipment & ancillaries
  • Post-processing
  • Consulting & toll sintering
View online
Share via
Copy link