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BackBosch publishes half-year figures for the first time
Bosch publishes half-year figures for the first time
NEWS
Handelsblatt55 minutes agoBusiness1 min readGermanyView original

Bosch publishes half-year figures for the first time

The Stuttgart-based group wants to act more flexibly on the capital market through greater transparency

Quick Look

  • Bosch is publishing half-year figures for the first time in its 140-year history.
  • The aim is greater transparency for investors and more flexible access to the capital market.
  • Sales rose by 3.6 percent to 46.4 billion euros in the first half of the year.

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Why It Matters

Bosch is a 140-year-old company that has raised ten billion euros on the capital market since 2023. The new boss Christian Fischer has been in office since July 1st.

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Stuttgart. Christian Fischer has been the new boss of Bosch since July 1st. “We simply have to accept that the world has become this way and manage it accordingly,” Fischer once said in an interview with the Handelsblatt. You have to deal with uncertainty in these times.

To make this easier, the foundation group is now publishing its half-yearly figures for the first time in its 140-year history. This not only creates more transparency for the capital market and investors, but also makes Bosch more flexible.

The issuance of bonds is always tied to deadlines based on the most recently published figures. “This gives us a second time window,” says CFO Markus Forschner, to whom Fischer left the entire part of the half-year figures.

Access to the capital market is also becoming increasingly important for Bosch. The company has raised a total of ten billion euros on the capital market since 2023, among other things to finance acquisitions.

In the first half of the year, the Bosch Group increased its sales by 3.6 percent to 46.4 billion euros. In the same period last year, revenue was 44.8 billion euros. However, without acquisitions, sales would hardly have grown. The newly acquired heating, ventilation and air conditioning business from Johnson Controls and Hitachi contributed around two billion euros of the increase. Bosch paid around eight billion dollars for it.

Open Questions

  • How will organic growth develop in the long term without acquisitions?

Related Topics

This article was originally published by Handelsblatt.

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