BOSCH: Preliminary figures presented
Economic crisis takes heavy toll in fiscal 2009
The global recession also had a strong impact on the development of the Bosch Group. Preliminary figures show that the company's sales for 2009 amounted to some 38 billion euros, some 16 percent below their previous-year level. As a result, the company will close the past fiscal year with a loss between 3 and 4 percent of sales.
According to Franz Fehrenbach, chairman of the board of management of Robert Bosch GmbH, operating result has been on an even keel since the autumn of 2009. Given that financial statements are currently being prepared, exact figures are not yet available. Fehrenbach went on to say that 2010 will also be a difficult year, despite clear signs of recovery.
Moreover, he by all means expects that the company will this year be able to make up for more than half the loss in sales sustained in 2009. He then cautioned that it was still too early to predict how earnings will develop. “Our aim in 2010 is to break even,” Fehrenbach said.
Bosch also sees growth opportunities in its Consumer Goods and Building Technology business sector, which has not been as severely affected by the global economic downturn. In fiscal 2009, sales stood at 11.3 billion euros, five percent below the previous year.