Bosch Italy: turnover down 11% in 2020, but 2021 has started well

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The Bosch Group has achieved a turnover of approximately 2 billion euros in Italy, with a reduction in turnover of almost 11% compared to the previous year. However, despite the impact of the pandemic on the volume of revenues, the results were better than initial forecasts, bearing in mind that the Bosch Group is active in Italy with companies and four research centers, with a staff of about six thousand employees. «Despite the pandemic, Bosch Italia has gone through 2020 better than expected, thanks to a business diversification strategy and the great commitment, flexibility and creativity of all employees. Although 2021 is still a complicated year, the trend in the first quarter is certainly positive. This allows us to face the future with optimism and determination »declared Fabio Giuliani, General Manager of the Bosch Group in Italy.

In 2020, the Mobility Solutions sector suffered from the sharp contraction of the automotive market, which collapsed from 1.92 million vehicles sold in 2019 to 1.38 million in 2020, a drop of almost 28%. However, the mobility solutions business has fared better than the market and Bosch has intensified synergies with Italian car and motorcycle manufacturers such as Maserati and Ducati. In addition, projects for the supply of innovative mobility services continued, including those aimed at improving electromobility and air quality. The components for eBikes, produced in the Bari plant, also recorded a positive trend. In Italy, moreover, the sales of pedal assisted bicycles grew by 44% compared to 2019, totaling 280,000 units, thanks also to the contribution of incentives. Speaking instead of sustainability, in the spring of 2020 it reached an important milestone, that of climate neutrality in its more than 400 offices around the world.

A result, certified by independent tests, which makes Bosch the first global industrial company to be carbon-neutral in its offices, including the Italian ones. In the last year, health prevention and energy efficiency have been two fundamental issues, as demonstrated by the production of masks in the Bari plant, devices for CO2 measurement and monitoring of air quality, distance meters that signal the the exact moment in which two subjects are less than a meter away from each other, the free listening desks and the remote medical consultation for employees. In the near future Bosch aims to reduce CO2 emissions along the entire value chain, from suppliers to customers, by 15% by 2030 compared to the level of 2018, thus generating a reduction of 67 million tons of carbon dioxide emissions. .

Globally, however, the Bosch Group achieved a positive result in 2020 despite the pandemic and got off to a good start in the first quarter of 2021. due to the continuing risks associated with the coronavirus. In any case, we are among the winners in the transition to electrification and we are significantly expanding our software business by integrating artificial intelligence into products, ”said Volkmar Denner, CEO of the Bosch board. Finally, speaking of technology, Bosch is investing 1 billion euros to develop fixed and mobile fuel cells for the conversion of energy into electricity. A commitment that derives from the multi-technological approach in which Bosch believes and which Giuliani once again underlined «We also believe in synthetic fuels, because in the short term we do not see the end of the internal combustion engine, but that of fossil fuels».

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