Bosch ME revenues up 11pc to $419m
01 July 2018
Bosch, a leading global technology company, has posted revenues of Dh 2.057 billion ($419 million) for the fiscal year 2017 across 14 countries in the Middle East, marking an increase of 11 per cent compared to the previous year.
“We are very pleased with our achievements in the Middle East,” said Volker Bischoff, vice-president and general manager, Robert Bosch Middle East. “2017 marked an exciting year for us with various expansion initiatives.”
“This year, we expect Bosch‘s business in the Middle East to grow in the single-digit range. In spite of a more subdued GDP growth in the region, the GCC continues to provide business opportunities for our products and services – especially in the building and construction sectors – and maintains efforts in diversifying local economies further.”
“Our connected innovations for future mobility and smart buildings, as well as our Industry 4.0 solutions and innovative consumer goods ensure that we are well-placed to support the long-term vision and aspirations of regional governments, organisations and consumers alike,” said Bischoff.
Despite the economic climate, Bosch Group is aiming for further growth in 2018, anticipating its sales revenue to grow by two to three per cent in 2018.
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