Bosch aims to accelerate growth globally, maintain long-term development in China

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Bosch aims to accelerate growth globally, maintain long-term development in China

STORY: Bosch aims to accelerate growth globally, maintain long-term development in China DATELINE: May 5, 2023 LENGTH: 00:02:31 LOCATION: FRANKFURT, Germany CATEGORY: ECONOMY SHOTLIST: 1. various of the Bosch's press conference 2. various of Bosch campus STORYLINE: The leading German engineering and technology company Bosch on Thursday held its annual press conference, highlighting innovation and profitability as key factors to achieve continued growth. "We rose well to the challenges of 2022, both our sales and our margin were higher than expected. And even if the economic and social environment remains demanding, we want to grow significantly faster," said Stefan Hartung, chairman of the board of management of Robert Bosch GmbH. In the years ahead, given normal rates of inflation, the company set itself the goal of achieving an average annual sales growth of 6 to 8 percent and attain a margin of at least 7 percent, Hartung said. He emphasized that innovation and profitability are two crucial points fo

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