BERLIN, Jan 15 (Reuters) - German automotive supplier Bosch will miss its sales and earnings targets, CEO Stefan Hartung told staff in an internal memo, Manager Magazin reported on Thursday. (Writing
Bosch to miss 2025 sales target, Manager Magazin reports
Bosch's 2025 Sales Projections
BERLIN, Jan 15 (Reuters) - German automotive supplier Bosch will miss its sales target for 2025, CEO Stefan Hartung told staff in an internal memo, Manager Magazin reported on Thursday.
Impact of Acquisition on Revenue
Preliminary figures for 2025 show sales of around 91 billion euros ($105.55 billion), up slightly from the 90-billion-euro result in 2024, the report said.
However, this was influenced by the 7.4-billion-euro acquisition of Johnson Controls-Hitachi Air Conditioning. Adjusted for the acquisition, revenue declined, according to the report.
The company did not immediately respond to a request for comment.
Future Earnings Outlook
Last week, CEO Stefan Hartung told German newspaper Die Zeit that the company expected a slump in 2025 earnings due to tariff and restructuring costs.
Operating Margin Expectations
Bosch will not reach its long-term target of an operating margin of at least 7% before 2027, he added.
Manager Magazin said the 2025 profit margin was "significantly below 2% of revenue", citing the memo.
($1 = 0.8621 euros)
(Reporting by Rachel MoreEditing by Madeline Chambers)
