Double-digit growth for Bosch
Bosch Packaging Technology has announced that it increased its sales from €1.18 billion in 2014 to €1.3 billion in 2015, representing nominal sales growth of 10.2 percent (3.1 percent when adjusted for currency effects). According to industry association VDMA, the German manufacturers were able to achieve nominal sales growth of just 2.8 percent on average, highlighting how well the provider of processing and packaging technology solutions performed.
Order intake at the Bosch division also rose over the same period, increasing by 14.5 percent in nominal terms from €1.23 billion to €1.4 billion. Adjusted for currency effects, this corresponds to an increase of 7.2%. As of the end of the year, Bosch Packaging Technology employed some 6,200 associates at more than 30 locations worldwide.
Sales in Europe declined slightly in 2015, ultimately accounting for 37% of total sales. In North America, sales grew by almost 18% – which is impressive, given the generally stagnant situation in the machine manufacturing market. Overall, North America now accounts for 27 percent of total sales.
Friedbert Klefenz, president of Bosch Packaging Technology, comments: “We are satisfied with our double-digit rise in sales, particularly given the modest growth of the sector as a whole. In 2015, we were again able to increase our market share”. He anticipates moderate growth for fiscal 2016.