Industry: The world's largest auto parts supplier Bosch is growing - but only through acquisitions.
Bosch presents 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.
Christian Fischer has taken over as head of Bosch as of July 1. The company has published its half-year figures for the first time in its 140-year history, aiming to increase transparency for the capital market and investors, and to become more flexible. In the first half of the year, Bosch's revenue rose by 3.6 percent to 46.4 billion euros, up from 44.8 billion euros in the same period last year.
The recent acquisition of Johnson Controls and Hitachi's heating, ventilation and air conditioning business contributed around 2 billion euros to this growth, for which Bosch paid around 8 billion dollars. Since 2023, the company has raised a total of 10 billion euros on the capital market, partly to finance acquisitions.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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