The German group, which last year had revenues of 78.7 billion euros, will enter the electrolysis hydrogen market, planning to invest almost 500 million euros in this new area by 2030.
At the press conference to present the results of 2021, the multinational company that is also present in Portugal also announced that it will invest “nearly 500 million euros” in this new area by the end of the decade, half during the market launch, estimated in 2025.
Last year, Bosch group sales rose 10.1% year-on-year to 78.7 billion euros. “Significant growth in sales and results, despite a difficult environment,” the company disclosed.
In the same period, operating profit (EBIT) “increased by more than half to reach €3.2 billion,” and its margin improved by 4%, compared to 2.8% a year earlier.
“We cannot afford to delay climate action any longer, so we aim to use Bosch technology to support the rapid expansion of hydrogen production in Europe,” said Dr. Stefan Hartung, chairman of the board of management of Robert Bosch GmbH.
“To do this, we will leverage our know-how in fuel-cell technology,” added Dr. Markus Heyn, member of the board of management of Bosch and chairman of the Mobility Solutions business sector.
The Bosch group increased sales in all regions. In Europe, “sales totaled 41.3 billion euros, an increase of 8.9 percent” over the previous year, and adjusted for exchange rate effects, the rise is 10 percent.
In North America, sales grew 6.5% (9.3% after adjusting for exchange rate effects) to 11.4 billion euros, and sales in South America totaled 1.4 billion euros, up 32% year-on-year (45.1% after adjusting for exchange rate effects).
In the Asia Pacific region, which includes other regions, sales reached €24.5 billion, up 13.1% year-on-year (11.7% after adjustments).
At the end of last year, the Bosch Group employed 402,614 people worldwide, up 7,580 from 2020.
