According to Bloomberg News, the auto parts giant Bosch Group said recently that due to its growing business outside of Europe will make up for the decline in the European market, the company's sales this year are expected to increase by 4% on the basis of last year.
Bosch issued a statement a few days ago, said that due to the deteriorating economic situation in Europe, the company's first-quarter performance was flat, and earnings may be "significant" growth, but still can not reach the target of 8% EBIT margin.
In 2012, Bosch Group's sales reached 52.5 billion Euros, a year-on-year increase of 1.9%. However, due to the continuous shrinkage of European market demand, the company's EBIT margin fell sharply by 52% to 1.31 billion Euros, and the EBIT margin was 2.5%. .
In order to maintain profitability, Bosch announced in late March that it is considering selling or closing its solar energy business. Due to the German government's reduction of subsidies for new energy industries and increased competition from similar low-priced products in China, Bosch suffered a substantial loss to the business. .
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