Industry: The world's largest auto parts supplier Bosch is growing - but only through acquisitions.
Bosch is presenting its half-year figures for the first time. The foundation-based group has only grown thanks to an acquisition in the heating and air conditioning business. The automotive sector is causing concern.
Stuttgart - Christian Fischer became the new CEO of Bosch on July 1st. In an interview with the Handelsblatt, Fischer stated that they must accept the world has changed and manage accordingly, navigating uncertainty during these times. To facilitate this, the Stiftungskonzern (foundation company) released its half-yearly figures for the first time in its 140-year history.
This move increases transparency for the capital market and investors while also making Bosch more flexible. Bond issuance is always tied to deadlines from the last published figures, giving Bosch a second window. Finance Chief Markus Forschner, who handed over to Fischer the entire task of half-yearly figures, emphasized this point.
Bosch has been taking ten billion euros from the capital market since 2023, partly to finance acquisitions. In the first half of the year, the company's revenue grew by 3.6% to 46.4 billion euros, up from 44.8 billion euros in the previous period. Without these acquisitions, the revenue increase would have been minimal. Approximately two billion euros of this growth came from Johnson Controls and Hitachi's heating, ventilation, and air conditioning business, which Bosch purchased for around eight billion dollars.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
