Partly Cloudy

Partly Cloudy

max temp: 16°C

min temp: 9°C

Search

Stowmarket: Bosch reports strong start to 2014

17:18 05 May 2014

The Bosch site in Stowmarket.

The Bosch site in Stowmarket.

Power tools and household appliances group Bosch has reported strong sales for the first quarter of 2014, with growth achieved across all business sectors.

The company, which includes the Bosch Lawn and Garden business based at Stowmarket, a member of the EADT/EDP Top100 listing of the 100 largest companies in Suffolk and Norfolk, said overall sales were around 7% higher in the three months to the end of March, although it cautioned that the comparison with 2013 is only approximate due to accounting changes.

After adjusting for adverse exchange rate effects, the increase was roughly 10% and the group, a global provider of technology and services, now expects sales for its current financial year to show growth of 3% to 5% overall.

“We continue to move forward with our traditional business and are opening up new fields of business,” group chairman Volkmar Denner said. “In the connected world, we are benefiting from our broad technological and industrial expertise

“The Bosch automotive technology business sector continued its strong business performance of the previous year, growing impressively in the first quarter of 2014. Bosch also aims to further improve result in 2014.”

Dr Denner, whose responsibilities on the Bosch board of management also include research and development, called for greater political commitment to promoting innovation, adding: “In research and development, Germany and other European countries have to measure up to the world’s leading countries.”

During 2013, Bosch increased its sales by 3.1% to 46.1billion euros.

The reported sales figure takes the group’s exit from crystalline photovoltaics into consideration as well as consolidation effects resulting from changed accounting policies and acquisitions in the previous year. After adjusting for exchange rate effects, sales grew 6.3%.

Excluding the impact from photovoltaics, Bosch reported an earnings margin of 6%, translating into earnings of 2.8bn euros.

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

The first layers of paint concealing one of Carl Giles’s most important pieces of artwork have been scrapped away – but it is still too early to tell if it can be salvaged.

We’ve now reached the third instalment of our A-Z of Ipswich looking at the history of our most distinguished residents and iconic buildings.

A family of furry guests have taken up temporary residence at an animal rescue centre in Suffolk.

Looking for an action-packed day out or an evening of entertainment? See our guide to family fun in Suffolk this weekend.

The East of England Co-op has announced plans to demolish an unused building in Ipswich which will pave the way for more regeneration.

A mother inspired by the plight of her son has started a new company in Ipswich helping people with special needs to get fit and healthy.

Dozens of parents of children at Morland Primary School in Ipswich came together to raise cash for Macmillan as part of the World’s Biggest Coffee Morning celebrations on Friday.

A folk singer and peace campaigner, who was the youngest known participant in the Allied invasion of Normandy, will be performing at a Suffolk food festival this weekend.

The mother of missing RAF serviceman Corrie McKeague has said thank you to everyone who has come forward so far, as the search enters its sixth day.

Suffolk’s Police and Crime Commissioner has been left questioning the sanity of some motorists after it emerged that 3,120 have been caught exceeding a 60mph limit since it was introduced over the Orwell Bridge.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24