Bosch emerges stronger from the economic crisis

April 14, 2011 - PRLog -- The Bosch Group has made a good start to fiscal year 2011. Despite uncertainty in the wake of the events in Japan, it continues to see favorable prospects for growth and earnings. “No one can say at this point what the precise effects of the disaster in Japan will be. Nonetheless, we remain confident that our sales will pass the 50-billion-euro mark for the first time in 2011,” said Franz Fehrenbach, chairman of the Bosch board of management, at the annual press conference in Stuttgart. It is Bosch's objective to continue to achieve a return on sales of between 7 and 8 percent. The first-quarter figures bear out this forecast: The total sales of Bosch, which is a supplier of technology and services, rose in the first three months of 2011 by some 15 percent year on year.

All three business sectors were able to significantly increase their sales during this period. These positive developments are also reflected in employment levels: worldwide, the number of Bosch associates is expected to rise by 15,000 to some 300,000 by the end of 2011. More than half these jobs are to be created in Asia Pacific, 5,900 of them in China. Bosch intends to take on a further 3,800 associates in eastern Europe and Turkey, as well as 1,000 in North America and 800 in South America. And in Germany, Bosch wants to create 900 new jobs over the course of the year.

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