The 2023 business year: Bosch increases sales and result despite headwind

Stuttgart, Germany – The Bosch Group met its expectations despite the challenges of the 2023 business year: According to preliminary figures, the supplier of technology and services generated1 sales of 91.6 billion euros and thus grew 8 percent after adjusting for exchange-rate effects (nominal growth of 4 percent). The EBIT margin from operations reached 5 percent, a slight improvement on the previous year (4.3 percent), and thus met expectations. “For Bosch, 2023 was tougher than expected. Through a supreme effort, we were able to increase our sales and improve our margins. We made progress despite the strong headwind,” said Dr. Stefan Hartung, chairman of the board of management of Robert Bosch GmbH, at the presentation of the company’s preliminary business figures. “Given the difficult conditions, this is an impressive achievement by our associates. The years ahead will demand a lot from all of us as well.”