Bosch today 2017 today Bosch today 2017 Bosch Group key data Figures in millions of euros 2016 2015 Sales revenue 73,129 70,607 percentage change from previous year 3.6 44.2 percentage of sales revenue generated outside Germany 80 80 Research and development cost 6,954 6,378 as a percentage of sales revenue 9.5 9.0 Capital expenditure 4,252 4,058 as a percentage of depreciation 141 146 Associates average for the year 383,917 368,833 at December 31 389,281 374,778 Total assets 81,875 77,266 Equity 36,084 34,424 as a percentage of total assets 44 45 EBIT 3,335 4,587 as a percentage of sales revenue 4.6 6.5 Profit after tax 2,374 3,537 Unappropriated earnings (dividend of Robert Bosch GmbH) 138 142 47 How to contact us / Five-year summary Five-year summary of the Bosch Group Roughly 389,000 associates worldwide Figures in millions of euros Around 440 subsidiaries and 2012 1 2013 2014 2015 2016 regional companies in approximately Sales revenue 44,703 46,068 48,951 70,607 73,129 60 countries percentage of sales revenue generated outside Germany 77 77 78 80 80 Research and development cost 2 4,442 4,543 4,959 6,378 6,954 as a percentage of sales revenue 9.9 9.9 10.1 9.0 9.5 Capital expenditure 2,714 2,539 2,585 4,058 4,252 of which in Germany 988 913 1,098 1,394 1,580 outside Germany 1,726 1,626 1,487 2,664 2,672 as a percentage of sales revenue 6.1 5.5 5.3 5.7 5.8 as a percentage of depreciation 101 126 138 146 141 Bosch Annual average number of associates 73.1 (thousands) 273 280 286 369 384 billion euros sales revenue of which in Germany 109 108 105 131 133 in figures outside Germany 164 172 181 238 251 in 2016 at Dec. 31 273 281 290 375 389 Total assets 52,611 55,725 61,924 77,266 81,875 Equity 26,900 27,686 29,541 34,424 36,084 as a percentage of total assets 51 50 48 45 44 EBIT 2,118 2,751 3,030 4,587 3,335 Profit after tax 2,304 1,251 2,637 3,537 2,374 ¹ Adjusted for changes in accounting policies ² Including development work charged directly to customers Roughly 7 billion 3.3 billion euros euros spent on research EBIT in 2016 and development 120 engineering locations worldwide 1 Contents Bosch in figures The Bosch Group at a glance 2 Strategy and innovation 4 We are Bosch 4 On the way to becoming an IoT company 6 Agility 8 Business sectors 10 Mobility Solutions 10 Industrial Technology 12 Consumer Goods 14 Energy and Building Technology 16 Highlights of the year 18 The business year 2016 22 Sustainability 26 Robert Bosch Stiftung 28 Bosch as an employer 30 The Bosch Group in Germany 32 The Bosch Group in Europe (outside Germany) 34 The Bosch Group outside Europe 36 Milestones 38 Management 44 How to contact us / publishing details 46 Five-year summary 47 2 3 Bosch today 2017 The Bosch Group at a glance Bosch Group The Bosch Group business sectors at a glance Shareholders of Robert Bosch GmbH SHAREHOLDING VOTING RIGHTS Percentage figures Percentage figures Robert Bosch GmbH Bosch family MOBILITY INDUSTRIAL 1 7 SOLUTIONS TECHNOLOGY Bosch family Page 10 Page 12 7 Robert Bosch Robert Bosch Stiftung GmbH Industrietreuhand KG 92 93 THE BOSCH GROUP is a leading global supplier of and sales network covers nearly every country in the technology and services. It employs roughly 389,000 world. The basis for the company’s future growth associates worldwide (as of December 31, 2016). is its innovative strength. At 120 locations across The company generated sales of 73.1 billion euros the globe, Bosch employs some 59,000 associates in 2016. Its operations are divided into four business in research and development. sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The company was set up in Stuttgart in 1886 by As a leading IoT company, Bosch offers innovative Robert Bosch (1861–1942) as “Workshop for Pre- solutions for smart homes, smart cities, connected cision Mechanics and Electrical Engineering.” The mobility, and connected manufacturing. It uses its special ownership structure of Robert Bosch GmbH CONSUMER ENERGY AND expertise in sensor technology, software, and services, guarantees the entrepreneurial freedom of the Bosch GOODS BUILDING as well as its own IoT cloud, to offer its customers Group, making it possible for the company to plan Page 14 connected, cross-domain solutions from a single over the long term and to undertake significant up- TECHNOLOGY source. The Bosch Group’s strategic objective is to front investments in the safeguarding of its future. Page 16 create solutions for a connected life. Bosch improves Ninety-two percent of the share capital of Robert quality of life worldwide with products and services Bosch GmbH is held by Robert Bosch Stiftung GmbH, that are innovative and spark enthusiasm. In short, a charitable foundation. The majority of voting rights Bosch creates technology that is “Invented for life.” are held by Robert Bosch Industrietreuhand KG, Other businesses not allocated The Bosch Group comprises Robert Bosch GmbH and an industrial trust. The entrepreneurial ownership to business sectors: its roughly 440 subsidiaries and regional companies functions are carried out by the trust. The remaining Bosch Healthcare Solutions GmbH in some 60 countries. Including sales and service shares are held by the Bosch family and by Robert partners, Bosch’s global manufacturing, engineering, Bosch GmbH. Bosch Software Innovations GmbH Robert Bosch Start-up GmbH Robert Bosch Venture Capital GmbH 4 5 Bosch today 2017 Strategy and innovation WWW.WEAREBOSCH.COM We are Bosch In the spirit of Robert Bosch, we aim to secure our company’s future by ensuring its strong and meaningful development and preserving its financial independence. Invented for life: we want our products to spark enthusiasm, improve quality of life, Our objective – what we want to achieve and help conserve natural resources. Our motivation – what drives us Our strategic focal points – what will help us succeed Focusing on customers | Shaping change | Striving for excellence Our strengths – what we do well Bosch culture | Innovation | Outstanding quality | Global presence Our values – what we build on Future and Responsibility and Initiative and Openness and Fairness Reliability, credibility, Diversity result focus sustainability determination trust legality 6 7 Bosch today 2017 Strategy and innovation On the way to becoming We operate on all three levels of connectivity: an IoT company intelligent and connected devices, software platforms, and applications and services. Bosch will use Our expertise covers connectivity the entire IoT Having our own IoT value chain from cloud gives us greater to further develop its sensors to services. speed and flexibility traditional business. as well as enhancing data security. As one of the world’s leading companies, our goal is to We already connect more than 5 million devices. play a major part in shaping Our goal is to connect around 25 million devices by 2019. the internet of things (IoT). We are continuing to refine our Bosch IoT Suite to offer microser- We are opening up vices that can be used as completely new flexible modules, and business opening the platform opportunities. up to third parties. As a globally leading supplier of MEMS For more about our strategy, read the group sensors we have a USP. management report in the 2016 annual report at annual-report.bosch.com 8 9 Bosch today 2017 Strategy and innovation Agility Times are changing, and with this change comes the need for new forms of collaboration. It’s up to everyone to think and work outside the box. In other words, it’s all about agility. The company’s many initiatives and successful start-ups are a visible sign of its agility. To accompany the publication of our annual report for 2016, Bosch is profiling these activities in an exclusively online magazine. New worlds How Bosch develops completely new products and services New perspectives How Bosch improves existing solutions New connections How Bosch creates networks internally and The stories illustrating Bosch externally strategy are available online at annual-report.bosch.com 10 11 Bosch today 2017 Business sectors WWW.BOSCH-MOBILITY-SOLUTIONS.COM Mobility Solutions Gasoline Systems Diesel Systems Chassis Systems Control Electrical Drives Starter Motors and Generators Car Multimedia Automotive Electronics Automotive Aftermarket Automotive Steering Other businesses: Bosch Engineering GmbH Commercial Vehicles and Offroad Applications eBike Systems ETAS GmbH Two-Wheeler and Powersports Development of sales revenue 2015–2016 Bosch Group SALES REVENUE – SECTORAL COMPARISON Figures in billions of euros The Mobility Solutions business sector, one It offers its customers integrated mobility solu- of the world’s biggest automotive suppliers, tions that allow cars to interact with other means accounts for 60 percent of total sales. Its main of transportation such as bicycles, trains, and 41.7 43.9 6.6 6.3 17.1 17.6 5.1 5.2 areas of activity are injection technology and buses. Bosch has been responsible for impor- powertrain peripherals for internal-combustion tant automotive innovations, such as electronic engines, diverse solutions for powertrain elec- engine management, the ESP® anti-skid system, trification, steering systems, safety and driver- common-rail diesel technology, and the e-axle, assistance systems, technology for user-friendly the electric axle drive system presented at the infotainment as well as vehicle-to-vehicle and start of 2017.