[REVISION HISTORY]

Bosch financial performance and mobility sector challenges

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2026-09-25 20:57 UTC → 2026-09-27 10:52 UTC · added ~~removed~~

Bosch reported a 3.6% increase in revenue for the first half of 2026, totaling 46.4 billion euros. This growth was primarily driven by the Energy and Building Technology sector, specifically through the integration of heating, ventilation, and air conditioning (HVAC) businesses acquired from Johnson Controls and ~~Hitachi.~~ Hitachi, which contributed approximately 2 billion euros to the total revenue. Despite the revenue rise, operating profit (EBIT) declined ~~slightly~~ from 2.3 billion euros to 2.2 billion euros, ~~with~~ causing the EBIT margin ~~dropping~~ to drop from 5.1% to 4.6%. The company’s Mobility division faced significant challenges, including a 0.5% revenue decrease to 27.8 billion euros, attributed to stagnant global vehicle production and a slower transition to electric vehicles. This division also incurred a 270 million euro write-down on production facilities related to ~~electromobility.~~ underutilized electromobility manufacturing equipment. In response to these shifts, Bosch is pursuing restructuring and cost-reduction ~~initiatives.~~ initiatives to reduce complexity and improve competitiveness. These efforts include plans to reduce its workforce by 22,000 positions between 2025 and 2030, primarily within the German mobility sector. ~~Despite these challenges,~~ While CFO Markus Forschner noted that the company will continue structural transformations, Bosch maintains its full-year 2026 sales growth projection of between 2% and 5% and an expected operating margin of 4% to ~~6%.~~ 6%, despite warnings of continued economic uncertainty for the second half of the year.

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