Company Research Report: Robert Bosch GmbH

Company Overview

Name: Robert Bosch GmbH

Mission of the Company: Bosch's mission is to develop products that are “Invented for life,” aiming to spark enthusiasm, improve quality of life, and help conserve natural resources.

Founded: 1886, by Robert Bosch

Key People:

Dr. Stefan Hartung, Chairman of the Board of Management

Dr. Christian Fischer, Deputy Chairman of the Board of Management

Dr. Markus Forschner, Member of the Board of Management

Stefan Grosch, Member of the Board of Management and Director of Industrial Relations

Dr. Markus Heyn, Member of the Board of Management

Dr. Frank Meyer, Member of the Board of Management

Dr. Tanja Rückert, Member of the Board of Management

Katja von Raven, Member of the Board of Management

Headquarters: Located in Stuttgart, Germany

Number of Employees: Approximately 429,400 associates worldwide (as of December 31, 2023)

Revenue: 91.6 billion euros in 2023

What the Company is Known For: Bosch is a leading global supplier of technology and services in four business sectors: Mobility, Industrial Technology, Consumer Goods, and Energy and Building Technology. Known for its innovative use of technology to shape universal trends such as automation, electrification, digitalization, connectivity, and sustainability.

Products

Offerings

Bosch provides a wide range of products across different sectors:

Home Appliances: Advanced devices for cooking, cleaning, and climate control.

Power Tools: High-performance tools for professionals and hobbyists.

Garden Tools: Innovative equipment for garden maintenance.

Smart Home: Solutions for home automation aiming at increased safety and energy efficiency.

Mobility Solutions: Comprehensive offerings for connected, automated, and electrified mobility across various vehicle types.

Industrial Technology: Includes drive and control technology, large thermal plants, and energy and building solutions.

Key Features

Each product category showcases Bosch's commitment to quality and innovation, emphasizing reliability, efficiency, and sustainability.

Recent Developments

Technological Advancements

Artificial Intelligence: Bosch is actively incorporating AI into its solutions to enhance technology use worldwide, striving for a better future.

Sustainability Innovations: Significant improvements in energy efficiency with Bosch's technologies facilitating a sustainable lifestyle.

Electrification and Battery Technology: Continuous enhancements making batteries more durable, sustainable, and powerful.

Hydrogen Technology: Focused on developing hydrogen as a critical energy source for future sustainable systems.

New Products and Features

Bosch Mobility Solutions: New offerings in connected mobility, automated systems, and powertrain advancements.

Safety and Security Solutions: Enhanced systems for video surveillance and integrated building security.

Partnerships and Collaborations

Bosch is engaging in collaborations to push forward in areas like automated driving and AI development, reassuring its position at the forefront of technological innovation.

Sustainability and Social Responsibility

Bosch has been carbon neutral (scopes 1 & 2) since 2020, with continued efforts in sustainability, ecological innovation, and corporate social responsibility through the Robert Bosch Stiftung, directing profits back to societal benefit.

Revenue and Financial Highlights

Sales Revenue Development:

Mobility (€56.2bn, +6.9%)

Consumer Goods (€20.3bn, −6.6%)

Energy and Building Technology (€7.7bn, +10.5%)

Industrial Technology (€7.4bn, +6.8%)

Bosch remains committed to its foundational ethos “Invented for life,” with a long-term vision for sustainable growth fueled by innovation and social commitment.