Bosch Thermotechnology generates sales of EUR 4 billion in 2021

Wetzlar – Bosch Thermotechnology was able to grow its sales in 2021 by 13 percent in nominal terms compared to the previous year – 14 percent in exchange rate-adjusted terms – to EUR 4 billion, reaching this mark for the first time in its history. The company achieved 10 percent and 16 percent growth in its key markets, Germany and Great Britain, with many other markets also growing at double-digit rates. The strong revenue growth was driven mainly by the global trend towards electrification and by the expansion of air conditioning sales and digitalisation. Bosch Thermotechnology’s international heat pump sales increased by 38 percent in 2021, which was clearly above the market trend. The Division plans to invest EUR 300 million in the heat pump business by the mid-2020s. At the same time, Bosch Thermotechnology increased its investments in research and development 2021 by 19 percent compared to the previous year to EUR 210 million. The number of associates worldwide rose by approx. 4 percent to roughly 14,200 compared to 2020.