Bosch aims to stay profitable in 2022 despite uncertainties

Investing.com | May 4, 2022 at 5:51 PM
  • -German automotive supplier Bosch is aiming to be profitable this year but said that a definitive forecast is not possible due to economic and political uncertainties.
  • As a result, the company will need to pass on price increases to its customers, citing already-high energy and raw materials costs that have only been exacerbated by the effects of the war in Ukraine.
  • Thanks to price increases and favourable exchange rates, the Bosch Group expects sales growth of more than 6% for the current year, after sales of almost 79 billion euros ($83.14 billion) in 2021, and a return on sales for 2022 of 3-4%.