Bosch aims to stay profitable in 2022 despite uncertainties
As a result, the company will need to pass on price increases to its customers, citing already-high energy and raw materials costs that have only been exacerbated by the effects of the war in Ukraine.
While Bosch increased sales in its core Mobility Solution business by 7.6% last year, to 45.3 billion euros, it generated an operating return of only 0.7%, after posting a loss the previous year.