Fiscal Year 2019: Sales increased to EUR 1.4 billion, number of employees grows by 4.6 percent – Business Development 2020: Corona Crisis Tarnishes Outlook
Helmut Weinwurm, Bosch Head of Austria
Vienna (OTS) – Bosch, an internationally leading technology and services company, achieved total sales of 1.39 billion euros in Austria in the 2019 financial year. Compared to 2018, this corresponds to an increase in sales of 2.5 percent. The number of employees at Bosch in Austria increased by 4.3 percent in the year under review to around 3,180.
In the current financial year, the Corona pandemic weighs on Bosch’s sales development in Austria. “We have got off to a good start in 2020,” says Weinwurm. “As of March, our business has been severely affected by the Corona crisis and the associated limitations.” The Bosch manager expects a difficult year and is adjusting to a decline in sales within the Bosch Group in Austria for the full year 2020. This is why the focus is on comprehensive measures to reduce costs and secure liquidity. This includes the ongoing reductions in working hours and production restrictions at many locations, as well as a pay waiver for specialists and managers.
Sales development in 2019 by division
Business development in Austria varied in the year under review in the Bosch divisions. Bosch achieved strong growth in the division of the company in Austria Energy and Building Technology. In particular, the business with heat pumps and gas appliances from the thermal engineering brands Bosch and Buderus developed positively in 2019, as did the large boiler business in Austria. In the corporate sector, Consumer Goods – and thus in the Power Tools and Household Appliances business units – the development in Austria was also positive in the previous year. At Bosch Power Tools were particularly in high demand for measuring tools. In the year under review, BSH Hausgeräte GmbH benefited from an increasing kitchen and furniture retail business as well as from the growing direct-to-consumer business. In the previous year, the Division recorded a solid development in the Mobility Solutions. In addition to the growing business in the automotive aftermarket sector, demand in the original equipment business, in particular for driving safety systems for two-wheelers as well as for drive and driver assistance systems for passenger cars and commercial vehicles, has contributed to this. The division Industrial Technology felt the slowing mechanical engineering market in 2019, which is why Bosch Rexroth’s sales of drive and control technology in the year under review are slightly behind 2018. In the year under review, Bosch sold its Packaging Technology division and thus also Schoeller Bleckmann Medizintechnik GmbH, based in Ternitz, where sterilizers for the pharmaceutical industry are produced and distributed.
Continue to drive forward important future projects in Austria
For the past three years in a row, Bosch has increased the number of R&D employees in Austria.
“We have hired more than 100 developers in 2019. At Bosch, technology talents find an attractive environment to drive innovation and shape technology for life,” helmut Weinwurm said. Despite the Corona crisis, the company is sticking to its development projects for the future. At its locations in Vienna, Linz and Hallein, Bosch operates important international development competence centers for mobility technology. More than 140 million euros, or ten percent of sales, went to research and development in 2019. In addition, the company made investments of more than 19 million euros in Austria in the previous year. Investments were made in the modernisation of the infrastructure at the Hallein plant as well as in the laboratory facilities and testing technology at the development sites in Vienna and Linz. “Austria has established itself as an important location within the Bosch Group and is regarded as an important development location for all drive types,” says Weinwurm.
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