Sales revenues increase to EUR 3.3 billion in 2015
Growing market share in many European core markets for residential buildings
More than 150,000 products sold make Bosch Thermotechnology the leader in the smart heating market
Position as system supplier for commercial and industrial systems strengthened by joint venture with Midea
Wetzlar – Bosch Thermotechnology grew strongly in the financial year 2015. Sales revenues were up by roughly 7 percent (roughly 4.5 percent in exchange rate adjusted terms) on the previous year to EUR 3.3 billion. “Our business showed an excellent trend in 2015. We were able to win market share in Western and Southern Europe, especially in our core markets Germany, the Netherlands, the UK, Spain and Austria,” said Uwe Glock, Chairman of the Bosch Thermotechnology Division. The growth is primarily attributable to the good trend for wall-hung boilers, water heaters and floor-standing boilers. “We launched an entirely new generation of devices in 2015. They are web-enabled, intuitive and easy to operate by touchscreen and up to 30 percent quicker to install. These devices strengthen our position as the world market leader in heating systems for residential buildings and set new standards for our line of industry,” Glock said.
Leading supplier of smart heating solutions More than 150,000 networkable products sold make Bosch Thermotechnology the leading supplier of smart heating solutions for greatly increased comfort, energy efficiency, operational safety and service quality. The new “HomeCom” portal, for instance, provides installers with detailed information on their customers’ networked systems including disruptions and their potential causes. The end customer receives well-arranged information on his heating system, consumption data and individualized energy saving tips. On its way towards continued growth, Bosch Thermotechnology relies on three business segments: heating systems for residential buildings, domestic water heaters and commercial and industrial heating and air-conditioning systems. “We are making good progress in all three segments and want to outgrow the market. We will continue to pursue this course in 2016,” Glock said.
New, future-oriented generation of devices to be expanded Bosch Thermotechnology’s new generation of devices is characterised by future-oriented design and technology. Their innovative, modular structure and the well thought-out layout of the components give installers excellent access to the individual components inside the heat generator. This makes maintenance of the devices much easier and quicker. And the black or white glass fronts make for a striking design. In 2015, Bosch Thermotechnology launched different products of the new generation under the Junkers Bosch and Buderus brands in Germany, Austria, Luxembourg, Italy, Spain, Belgium, Turkey, the Baltic states and Russia, among others. Other European countries will follow in 2016. The first wall-hung Bosch branded boiler of the new generation is already available in China, too. The first heat pumps, storage tanks and stoves of the new generation will be presented at the SHK fair in Essen starting March 9, 2016. In addition, the company will launch gas heat pumps for single and two-family homes as well as energy centers with fuel cell technology in 2016.
Large-scale business: Progress on the way towards a systems supplier Bosch Thermotechnology is making good progress in the field of commercial and industrial HVAC (Heating, Ventilation, Air-Conditioning) applications. The company made a great step forward on its way towards becoming an international systems supplier: In March 2015, Bosch Thermotechnology and Midea CAC, China, agreed to establish a joint venture for VRF (Variable Refrigerant Flow) systems for the heating and air-conditioning of commercial buildings. Production in Hefei, China, is scheduled to start in late March 2016. “The joint venture will expand the technology portfolio of Bosch Thermotechnology for large-scale systems. This will open up promising growth opportunities for us in the international HVAC market,” Glock said.
Domestic hot water market: Expansion of the international presence A new production facility in Mexico will expand Bosch Thermotechnology’s international presence in keeping with the regionalization strategy. In August 2015, a plant for instantaneous gas water heaters for the Mexican and Latin American market was opened in Tepotzotlan, some 50 kilometers north of Mexico City. “Mexico is gaining importance as a place for business. The new production facility thus represents an important step for our growth strategy in the North American market and to expand our leading position in the international domestic hot water market as a whole,” Glock said. “Thanks to our local production facility, we are closer to our customers and know their regional requirements better. This allows us to adapt our products even more effectively to the market. A regional base therefore forms the foundation for continued growth.”
Las Vegas, Nevada – Bosch's North American business continues to develop well: in 2015 the company achieved year-on-year nominal sales growth of 20 percent in the region. Adjusted for currency effects, the increase in sales is expected to amount to some 7 percent. Bosch announced these figures at CES 2016 in Las Vegas. The company employs a total of over 30,000 people in North America, some 17,000 of them in the United States. For Bosch, North America is a global driver of innovation and plays a major part in the company's aim of offering technology that is “Invented for life” worldwide. Bosch has had a presence in the United States since 1906.
Expansion of activities / capital expenditure: In 2015, Bosch invested nearly 400 million dollars in the United States. One important investment was the acquisition of U.S. start-up Seeo Inc. (Hayward, CA). Bosch sees potential to combine its newly acquired expertise with its own developments in the field of batteries in order to more than double energy density by 2020 while significantly reducing costs. In addition, Bosch acquired the Michigan-based company Climatec last year. Climatec is a leading supplier of energy efficiency, building automation, and security solutions. In addition, Bosch expanded its U.S. packaging activities in 2015 through its acquisition of Osgood Industries Inc. in Florida and the acquisition of Kliklok-Woodman Corporation in Georgia.
Research and development: Bosch employs some 2,000 researchers and developers in North America. In 1999, Bosch's corporate research and advance engineering opened its first branch outside Germany, the Research and Technology Center (RTC) in Palo Alto. Today, this is where some 100 highly qualified associates are exploring the potential of current research trends in areas of future promise. These include web technologies, automated driving systems, and robotics. The associates also collaborate on research with leading U.S. educational institutions such as Stanford University. A Bosch start-up launched in 2015 and based in Palo Alto is working on developing robots for household use.
Simply.Connected. Visit Bosch at CES 2016 in Las Vegas, Nevada, USA:
Tuesday, January 5, 2016 (all times local)
8:00 to 8:45 a.m. Press conference with Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, at Mandalay Bay Hotel, South Convention Center, Level 3, Banyan Rooms A-D.
Thursday, January 7, 2016
11:00 a.m. to 12:00 p.m. Keynote panel"Beyond Smart Cities: The Future of Urban Mobility" Dr. Volkmar Denner, chairman of the board of management of Robert Bosch GmbH, Westgate Theater. Other panelists to include U.S. Secretary of Transportation Anthony Foxx.
2:15 to 3:15 p.m. Conference track: The Internet of MEMS and Sensors Panel:"Technology Trends for the IoT"; Dr. Stefan Finkbeiner, CEO and general manager, Bosch Sensortec, Venetian, Level 4, Marcello 4404