Bosch Italia - Growth in turnover despite the global crisis: commitment to Modugno confirmed

Bosch Italy closed 2021 with a turnover of 2.4 billion euros, up by about 20% on 2020 despite the difficult global context. “The significant growth of Bosch Italia in 2021 pushes us with confidence and commitment towards new future challenges. This is confirmed by the positive trend recorded in the first quarter of this year ”, commented Renato Lastaria, general manager of the Italian branch of the multinational company in Gerlingen, during a press conference.

Central Italy. “Italy – he added – remains strategic within the Bosch group, remaining in the top ten most important regional organizations.” The Italian branch thus provided a high contribution to a group that closed 2021 with revenues in positive territory (+ 10.1%) to 78.76 billion and an operating profit increased from 2 billion in 2020 to 3.2 billion. In Italy, the German company has four research centers and over 5,800 employees in 20 locations. of the presence on the Italian territory, the management did not provide details on the future of the Modugno (Bari) plant due to the negotiations underway at Mise, but confirmed the commitment to convert the site to new productions, including electric bikes. After all, the plant was “strongly marked by the crisis in the automotive sector and recent ones political decisions at the European level“, which require the acceleration of conversion projects.” Bosch intends to undertake the necessary transformation and reaffirms its commitment to explore the most socially sustainable solutions, trying to chart the course for the future of the Bari plant “, he continued Lastaria.

The sectors. Returning to the annual report, Bosch Italia’s performance was driven by the Mobility Solutions sector, which was able to record performances above those of the reference market, thanks above all to the supply of products and services for the mobility of the future, in particular electric. Bosch has also intensified its support work for what, of course, remains its first Italian customer, the Stellantis group. All the other operating businesses also performed well, including the Automotive Aftermarket, able to recover the losses of 2020, the Industrial Technology, the Consumer Goods and the Thermotechnics division.

Difficult forecasts. As for 2022, Bosch Italia considers it difficult to provide forecasts due to the high geopolitical uncertainty and specific negative factors, such as the scarce supply of raw materials or the volatility of volatile prices and markets. “Of course – explained Lastaria – we must consider the factors of uncertainty that still remain and, at the same time, continue to pursue responsibly our goal of offering products and technological solutions that respect the environment. Digitization, energy efficiency and sustainability are our core business, which is why the Group is investing, from mobility to heating, in technologies for climate neutrality such as electrification and hydrogen “. On these last two fronts, the German multinational is planning to invest 3 billion euros over the next three years.

Hydrogen and green mobility. Bosch believes that electrification is the quickest route to climate neutrality, provided, however, that it is based on electricity generated from renewable sources. Not only. Bosch, which last year saw orders for electromobility exceed € 10 billion for the first time, is also banking on other technologies: “Industrial policy should focus on making all sectors of the economy ready for ‘hydrogen “, CEO Stefan Hartung recently admitted billion euros allocated on fuel cells until 2024 and the entry into the business of components for hydrogen electrolysis, with an investment of approximately 500 million euros until 2030.

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