Annual Report 1998
Total Page:16
File Type:pdf, Size:1020Kb
Annual Report 1998 Robert Bosch GmbH Robert-Bosch-Platz 1 D-70839 Gerlingen-Schillerhöhe Mailing address: Postfach 10 60 50 D-70049 Stuttgart Telephone + 49 711 8 11- 0 Fax + 49 711 8 11- 66 30 www.bosch.de KH/WVK1 1 987 782 124 auf 100 on 100 in Germany in Deutschland · Printed Papier Gedruckt paper % chlorfreiem % chlorine-free Key Figures Bosch Group Business Sectors and Divisions Automotive Equipment Bosch Group Worldwide 1998 1997 ABS and braking systems Lighting technology Engine-management systems – gasoline Sales 50,333 46,851 percentage change versus prior year + 7.4 + 13.9 Bodywork electrics Fuel-injection technology – diesel On-board electronics Foreign sales as a percentage of sales 65 65 Research and development expense 3,478 3,257 Mobile communications1 Semiconductors and control units Starters and alternators as a percentage of sales 6.9 7.0 Investments in tangible fixed assets 3,773 2,905 as a percentage of depreciation 148 125 Aftermarket products, after-sales service, test equipment and technology Number of employees average for the year 188,017 179,719 as of January1, 1999/1998 189,537 180,639 Total assets 36,343 34,906 Communications Technology2 Equity capital 11,869 11,377 Private networks Broadband networks Aerospace engineering as a percentage of total assets 33 33 Public networks Terminals Security systems Net income for the year 850 1,659 Unappropriated earnings (Dividends of Robert Bosch GmbH) 80 2,209 Consumer Goods Values in million DM Power tools Thermotechnology Household appliances3 Capital Goods Automation technology Packaging machinery Front-page illustration: We introduced high-pressure injection systems for direct- injection diesel engines. Shown here is the production of Common Rail injectors in our Bamberg plant. 1 Blaupunkt-Werke GmbH (100% Bosch) 2 Bosch Telecom GmbH (100% Bosch) and product groups 3 BSH Bosch und Siemens Hausgeräte GmbH (50% Bosch) Status as of January 1, 1999 Table of Contents Page Supervisory Council 4 Management 5 Supervisory Council Report 6 Management Report 8 Automotive Equipment Business Sector 14 Communications Technology Business Sector 22 Consumer Goods Business Sector 26 Capital Goods Business Sector 30 International Business 32 Research and Development 36 Employees of the Bosch Group 38 Financial Statements of the Bosch Group Worldwide 40 Major Companies of the Bosch Group Worldwide 54 Financial Statements of Robert Bosch GmbH 56 Ten Year Statistics Bosch Group Worldwide 58 3 Supervisory Council Management Dr. phil. Dr. rer. oec. h.c. Dr.-Ing. Wolfgang Eychmüller, Prof. Gero Madelung, Munich Effective July 1, 1999 Marcus Bierich, Stuttgart Ulm/Donau Formerly Technical University Munich Chairman Chairman of the Board of Management Chair of Aviation Technology Board of Management Board of Management Former Chairman of the Board of of Wieland-Werke AG Management of Robert Bosch GmbH Prof. Dr. rer. nat. Hermann Scholl Hermann Scholl Ruth Fischer-Pusch, Stuttgart Hans-Joachim Queisser, Stuttgart Chairman Chairman Walter Bauer, Kohlberg Trade Unions of the Metal Industry, Formerly Director at the Max-Planck- Deputy Chairman District Management Institute for Solid-State Research Heiner Gutberlet Rainer Hahn Chairman of the Joint Shop Council Baden-Württemberg until December 31, 1998 of Robert Bosch GmbH as well as of Urs B. Rinderknecht, Ennetbaden Claus Dieter Hoffmann the Combined Shop Council, and Hans-Henning Funk, Hildesheim Chief Executive of UBS AG Rainer Hahn Chairman of the Shop Council of the Chairman of the Shop Council of Robert S. Oswald Reutlingen Plant the Hildesheim Plant and Member Gerhard Sautter, Erdmannhausen Claus Dieter Hoffmann of the Joint Shop Council of Chairman of the Shop Council of the as of July 1, 1998 Stephan Rojahn Dr. jur. Peter Adolff, Stuttgart, Robert Bosch GmbH Feuerbach Plant, and Deputy Chairman former Member of the Board of of the Joint Shop Council of Robert Robert S. Oswald Gotthard Romberg Management of Allianz Versicherungs- Dr. jur. Karl Gutbrod, Stuttgart Bosch GmbH and the Combined Shop as of July 1, 1998 Aktiengesellschaft Former Member of the Board of Council Tilman Todenhöfer Management of Robert Bosch GmbH Tilman Todenhöfer Knut Angstenberger, Stuttgart Chairman of the Board of Trustees of Hans Peter Stihl, Remseck Department Manager at the Feuerbach Robert Bosch Stiftung GmbH Chairman of the Board of Management Hubert Zimmerer Deputy Members of the Plant, and Chairman of the Joint of Andreas Stihl AG & Co until June 30, 1999 Board of Management Speaker Group of Robert Bosch GmbH Gudrun Hamacher, Frankfurt and of the Group Speaker Committee Managing Member of the Board of Manfred Wenkemann, Homburg Bernd Bohr Directors of the Trade Unions of the Chairman of the Shop Council of the Associate Members to the Dr. h.c. Bo Erik Berggren, Stockholm Metal Industry Homburg Plant of Robert Bosch GmbH Board of Management Wolfgang Chur Deputy Chairman of the Board and Member of the Joint Shop Council of Directors of Investor AB Hans-Joachim Jaquet, of Robert Bosch GmbH Werner Andexser Siegfried Dais Mörfelden-Walldorf until March 31, 1999 until November 26, 1998 Dr. Ulrich Cartellieri, Frankfurt Chairman of the Joint Shop Council of Franz Fehrenbach Member of the Supervisory Bosch Telecom GmbH and Chairman Hans Wolff, Bamberg Siegfried Dais Council of Deutsche Bank AG of the Shop Council of Bosch Telecom Chairman of the Shop Council GmbH at Frankfurt of the Bamberg Plant and Hans Hugendubel Member of the Joint Shop Council until December 31, 1998 Dieter Klein, Wolfersheim of Robert Bosch GmbH Chairman of the Shop Council of the Stephan Rojahn Homburg Plant of Robert Bosch GmbH and Member of the Joint Shop Council Gotthard Romberg of Robert Bosch GmbH as of April 1, 1999 Olaf Kunz, Frankfurt Managing Director of the Trade Unions of the Metal Industry, Department for Union Policy 4 5 Supervisory Council Report In its sessions and using written Also as of April 21, 1998, the employee The Supervisory Council of Robert monthly reports, the Supervisory representatives Rudolf Baron and Bosch GmbH, acting on the recom- Council of Robert Bosch GmbH kept Dietfried Blanarsch left the Supervi- mendation of the shareholders, at its itself regularly informed about the sory Council. Newly elected were meeting of April 13, 1999, appointed progress of business and the com- Hans-Joachim Jaquet and Manfred the former associate members to the pany’s situation. Business develop- Wenkemann. The latter retired as of Board of Management Stephan Rojahn ments, financial situation, investment March 31, 1999 and as a result left the and Gotthard Romberg as full mem- plans, as well as new technical devel- Supervisory Council. Dieter Klein was bers of the Board of Management, and opments were presented and dis- appointed as his successor by the Dr. Siegfried Dais as deputy member, cussed in detail. Reporting and discus- Stuttgart court per April 1, 1999. The all effective as of July 1, 1999. In addi- sion included all important companies Council expresses its appreciation for tion, the Council, following the recom- of the Bosch Group. the constructive teamwork of the em- mendation of the shareholders, named ployee representative members leav- Dr. Bernd Bohr, previously in charge Schitag Ernst & Young Deutsche Allge- ing the Council. of development at the ABS and brak- meine Treuhand AG, Stuttgart, audited ing systems division, Wolfgang Chur, the accounting and financial state- As of July 1, 1998, the former associate previously speaker for the manage- ments of Robert Bosch GmbH and the members of the Board of Manage- ment of the mobile communications Bosch Group. The auditors in all cases ment Dr. Claus Dieter Hoffmann and division, and Franz Fehrenbach, previ- gave their unqualified opinion. The Robert S. Oswald became full mem- ously speaker for the management of Supervisory Council concurs with the bers of the Board. the diesel fuel-injection technology audit findings, and recommends that division, to deputy members of the the shareholders approve the financial Upon reaching retirement age, Dr. Board of Management, all effective as statements of Robert Bosch GmbH and Heiner Gutberlet left the Board of of July1, 1999. follow the proposal of the Board of Management of Robert Bosch GmbH Management for the disposition of net as of December 31, 1998. He has mean- income. while been elected to the Board of Stuttgart, April 1999 Trustees of the Robert Bosch Stiftung For the Supervisory Council As of April 21, 1998, Dr. Robert E. GmbH. Hans Hugendubel took early Dr. Marcus Bierich Ehret, Jörg A. Henle, and Dr. Wolf- retirement as of December 31, 1998. Chairman gang Hugo left the Supervisory Coun- Dr. Werner Andexser also left the com- cil as new members were elected. The pany. The Council expresses its thanks Council thanks these gentlemen for to these gentlemen for their committed their long years of work. As of the work. same date, the shareholders elected Dr. Ulrich Cartellieri, Urs B. Rinder- knecht, and Hans Peter Stihl to mem- bership of the Council. Photo at right: State-of-the-art automotive elec- tronics by Bosch: Automatic appli- cation of computer chips to micro- hybrids at the Reutlingen plant 6 Sales Breakdown of sales (billion DM) (as a percentage) Progress 1994–1998 by business sectors 1998 Management Automotive Equipment Report 1994 34.5 63.2 Communications Technology 1995 35.8 10.0 Consumer Goods 1996 41.1 22.5 Capital Goods 1997 46.9 4.3 1998 50.3 ______________________________________________ ______________________________________________