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.
Bosch Thermotechnology is a leading European manufacturer of sustainable and energy-efficient heating, cooling and hot water solutions. In fiscal 2021, the company generated sales of about 4 billion euros (64 percent outside Germany) and employed approx. 14,200 people. Bosch Thermotechnology has strong international and regional brands and manufactures a diversified product range in Europe, America and Asia.
Further information is available online at www.bosch-thermotechnology.com.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 421,000 associates worldwide (as of December 31, 2022). The company generated sales of 88.2 billion euros in 2022. Its operations are divided into four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT provider, Bosch offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Bosch is pursuing a vision of mobility that is sustainable, safe, and exciting. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to facilitate connected living with products and solutions that either contain artificial intelligence (AI) or have been developed or manufactured with its help. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 470 subsidiary and regional companies in over 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering, and sales network covers nearly every country in the world. With its more than 400 locations worldwide, the Bosch Group has been carbon neutral since the first quarter of 2020. The basis for the company’s future growth is its innovative strength. At 136 locations across the globe, Bosch employs some 85,500 associates in research and development, of which nearly 44,000 are software engineers.
Additional information is available online at www.bosch.com, www.iot.bosch.com, www.bosch-press.com, www.twitter.com/BoschPress.