max temp: 16°C

min temp: 8°C

ESTD 1874 Search

Stowmarket: Bosch reports strong start to 2014

17:18 05 May 2014

The Bosch site in Stowmarket.

The Bosch site in Stowmarket.

Power tools and household appliances group Bosch has reported strong sales for the first quarter of 2014, with growth achieved across all business sectors.


The company, which includes the Bosch Lawn and Garden business based at Stowmarket, a member of the EADT/EDP Top100 listing of the 100 largest companies in Suffolk and Norfolk, said overall sales were around 7% higher in the three months to the end of March, although it cautioned that the comparison with 2013 is only approximate due to accounting changes.

After adjusting for adverse exchange rate effects, the increase was roughly 10% and the group, a global provider of technology and services, now expects sales for its current financial year to show growth of 3% to 5% overall.

“We continue to move forward with our traditional business and are opening up new fields of business,” group chairman Volkmar Denner said. “In the connected world, we are benefiting from our broad technological and industrial expertise

“The Bosch automotive technology business sector continued its strong business performance of the previous year, growing impressively in the first quarter of 2014. Bosch also aims to further improve result in 2014.”

Dr Denner, whose responsibilities on the Bosch board of management also include research and development, called for greater political commitment to promoting innovation, adding: “In research and development, Germany and other European countries have to measure up to the world’s leading countries.”

During 2013, Bosch increased its sales by 3.1% to 46.1billion euros.

The reported sales figure takes the group’s exit from crystalline photovoltaics into consideration as well as consolidation effects resulting from changed accounting policies and acquisitions in the previous year. After adjusting for exchange rate effects, sales grew 6.3%.

Excluding the impact from photovoltaics, Bosch reported an earnings margin of 6%, translating into earnings of 2.8bn euros.



Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

A queue outside of a Greggs store.

Baker Greggs warned the new national living wage will put pressure on the group to raise the prices of its pasties and sausage rolls.

Home Secretary Theresa May arrives to deliver her speech at Manchester Central during the Conservative Party conference.

Theresa May faced an angry backlash from business leaders and refugee charities for falsely “vilifying” immigrants in a bid to boost her own political career.

Amanda Bond, Visit Suffolk brand manager

The value of Suffolk’s tourism industry has grown to £1.85billion a year, according to new figures, with the total, for the 2013 season, represents a rise of £50million over 2012.

Pigs Gone Wild campaign project leader  Norman Lloyd with the organisation's own pig sculpture.

Businesses are being urged to get behind a public art initiative which aims to raise £100,000 for the St Elizabeth Hospice in Ipswich.

The presentation of the Gold award in the Community Relations Campaign category to Essex County Council at the CIPR Anglia Thames & Chiltern Pride Awards 2015

Photo:  Steve Pope - FOTOWALES

Public relations professionals across East Anglia have received recognition in the regional round of the 2015 PRide Awards.

Dr Aled Jones, Anglia Ruskin University.

The director of Anglia Ruskin University’s Global Sustainability Institute (GSI) is in the running to be named the greenest academic in the UK.

New report on prosperity in seaside towns

New research has highlighted the importance of entrepreneurs in helping to revive seaside towns that have fallen into decline and unlock further potential in those already prospering.

Dan Poulter with employees at B&Q

A Suffolk MP has said he will do what he can to try and prevent a B&Q store closing down with the potential loss of around 100 jobs.

Helen Drage,  co-founder of Drage & Tozer Opticians.

Sudbury opticians firm Drage and Tozer, founded in 1995 by Helen Drage and Sandra Tozer, has celebrated 20 years in business by expanding into new premises.

Val Carrol, director of healthcare at Beckett Financial Services, receives the company’s Commendation at the Investment Life & Pensions Moneyfacts awards from comedian Tim Vine.

Bury St Edmunds-based Beckett Financial Services has been recognised by a national financial services publication for delivering outstanding levels of customer satisfaction to its healthcare clients.

Most read

Most commented

Topic pages