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Annual financial results 2016
Bosch UK achieves double digit growth
Connectivity continues to drive excellent market success

 
 
 

Contacts


Rianne Ojeh
Phone: +44 (0)1895 838 822

 

Bosch Team at Good Relations

 

2017-05-24 | United Kingdom | Corporate News

  • UK sales increases 13% percent to £3.2 billion in 2016
  • Mobility Solutions, Consumer Goods, Energy and Building Technology sectors recorded strong growth
  • Connected Living is strategic focus for Bosch UK in 2017


In 2016, Bosch, the leading global supplier of technology and services, registered £3.2 billion (€3.9 billion) sales in the UK. Adjusted for exchange-rates, this represented an increase of 13% compared to 2015, while in local currency this accounts for 19% growth. Mobility Solutions, Consumer Goods and the Energy and Building Technology divisions drove the success in the UK.


Steffen Hoffmann, president of Bosch UK said: “It is encouraging to see such strong growth in 2016, considering that we are a mature market and faced some challenging market conditions last year. The UK is the second largest European market, and fourth worldwide, for Bosch, and one which we believe is well placed to achieve further growth in 2017 and the following years.”


Positive development across business sectors

All of Bosch UK business sectors performed strongly in 2016 with the Mobility Solutions sector achieving double digit growth, outperforming market growth in the UK. This was mainly driven by the demand for new driver assistance and infotainment systems.

The Energy and Building Technology sector also registered a solid increase in sales with 12% growth. The sector’s strong success can be attributed to gaining further market share and its connected smart heating solutions.

Sales in the Consumer Goods sector saw an approximate 10% increase, with the sector’s best-selling products including cordless power tools and household appliances, in particular its range of connected ovens, creating perfect cooking results every time.


Following a number of challenging years, our Industrial Technology business reported a moderate increase. This is a positive sign considering the volatile market conditions in this sector.


Outlook 2017: Focus on Connected Living

The transition to a hyper-connected future – where people, places, organisations and objects are linked together like never before – is a transformative journey that is having a remarkable impact on Bosch. At the heart of this lies the emergence of the Internet of Things (IoT), which underpins our new technologies like smart homes and autonomous vehicles – this will change the way people live their lives in the UK. Connected products and services remain the key focus areas for the company’s future sales growth. The first months of 2017 continue to look promising with sales growth on a similar level as in 2016.


Smart Homes

With the launch of the Smart Homes portfolio in the UK today, Bosch offers solutions for an intelligently networked home. Not just for the future, but real answers for problems we encounter today. Bosch wants to create a connected home where devices are communicating with each other, automatically adapting to changing needs, on a daily basis.


Bosch Smart Home products allow your home to automatically control regular processes. Networked devices communicate with one another and automatically adjust to changing circumstances in your daily routine. You no longer have to worry about details and have more time to enjoy life. Thanks to intuitive operation via smartphone app the Smart Home System can be easily controlled, even when you are not at home.


Smart Cities

More people are moving to cities for work, adventure and a better quality of life. To accommodate these growing urban populations, we need to develop smart and resilient cities for the future, ensuring people are at the heart of city development. Many of the Smart City principles are being embodied in the UK Government’s Garden Town initiative and Bosch is working with partners to develop vibrant, attractive and sustainable cities for people to work and live. It will become a leading example of a connected city of the future, with enhanced convenience, security, and energy efficiency through intelligently connected solutions such as Vivatar, a digital guardian angel, connected parking applications, the Community app and the City Data Platform.


Smart Mobility

The mobility sphere is on the brink of considerable change. Bosch‘s vision for traffic of the future is being stress-free, accident-free and emissions-free. It’s no longer just a case of making better cars, we have to reinvent mobility. Although the majority of people are still wary of driverless cars, they needn’t be as a lot of the technology already exists. Bosch has been working on this technology since 1978 when ABS was introduced: the first step towards fully automated driving.

When ESP® was made a mandatory feature for all new cars in the European Union from November 2014, this provided a massive leap forward in reducing accidents.

Today, driver assistance systems are already helping drivers reach their destination in a safer, more relaxed manner. In the future, these systems will tackle increasingly complex driving situations and assist the driver, or even act independently.


Move_UK is a three-year project, jointly funded by the UK government and industry. Funding comes from the UK government’s £100m Intelligent Mobility fund, which is administered by the Centre for Connected and Autonomous Vehicles (CCAV) and delivered by the UK’s innovation agency, Innovate UK. Bosch leads a consortium of partners that seeks to address key barriers to the development of autonomous vehicles: reducing the timescale and cost of validating Automated Driving Systems (ADS). The project involves the live trial of vehicles fitted with ADS in real world conditions on the roads of Greenwich, London.


The transformation of technology means change is happening

The rapid pace of technological change means companies like Bosch must retain a spirit of innovation if they are to keep up. The IoT offers opportunities and challenges across all markets and sectors, so it’s crucial that Bosch empowers people to think creatively and to have the courage and speed to lead from the front.

“Driven by changes in our business environment, Bosch is currently going through a transformation that goes deeper for this company, than any other since the beginning of the age of electronics over 50 years ago. Clearly, this change is needed. But unfortunately, there are no blueprints for us to follow. We will have to find our own way, sometimes by trial and error. Empowering people to think big and to have no fear of failure is the key to unlocking the potential of the Internet of Things”, says Bosch UK President Steffen Hoffmann.

Bosch Group: Strategy and business outlook for 2017

For 2017, in light of a subdued economic outlook and geopolitical uncertainty, Bosch aims to achieve sales growth of between three and five percent. Despite continued significant upfront investments in safeguarding the company’s future, results are set to rise. “Business success today gives us the leeway to shape tomorrow’s world,” said Dr. Volkmar Denner, chairman of the Bosch board of management. “As an innovation leader, we are shaping and driving transformation,” Denner added. The focal points of this transformation are changes in the mobility sphere and IoT connectivity. By 2020, all of Bosch’s new electronic products will feature connectivity. The key to this is artificial intelligence (AI). Over the next five years, Bosch will be investing 300 million euros in its own centre for artificial intelligence.

In the UK, Bosch has been present since 1898, when Robert Bosch opened the company’s first office outside Germany. Every one of the Bosch Group’s business sectors has a presence in the UK: Mobility Solutions, Consumer Goods, Energy and Building Technology and Industrial Technology. Bosch operates in the UK as Robert Bosch Limited and employs around 5,300 associates across 41 sites. In 2016, Bosch generated revenues in the UK of 3.9 billion euros.

You can also find Bosch UK on Facebook at www.facebook.com/BoschUK and on Twitter at www.twitter.com/BoschUK.

The Bosch Group is a leading global supplier of technology and services. It employs roughly 390,000 associates worldwide (as of 31 December 2016). The company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. 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 deliver innovations for a connected life. 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 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs some 59,000 associates in research and development.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant upfront investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information is available online at

www.bosch.com

www.iot.bosch.com

www.bosch-press.com

twitter.com/BoschPresse .