In 2015, Bosch increased its sales in China to €11.1bn. Despite a less dynamic market environment, the supplier of technology and services achieved a nominal sales growth of some 19 per cent.
Adjusted for currency effects, sales were up slightly in local currency. Sales in China almost doubled as a result of the full acquisition of the former fifty-fifty joint ventures BSH Hausgeräte GmbH and Robert Bosch Automotive Steering GmbH. This makes the country the second-largest market for the Bosch Group after Germany. Over the past three years, China’s share of total Bosch Group sales has increased from nine to 16 per cent.
Bosch expects a positive performance in China also for 2016 and sees especially strong potential in the area of connectivity.