Great satisfaction for BSH Group, which announced a sales revenue increase in all regions with positive performance for all bands. Good news also for jobs, with workforce tops 60,000 for first time, and almost 3,500 new jobs, 1,825 of them in Europe. Moreover, spending on capital investments and R&D increases again.
The sales revenue has grown for the eighth time in a row. In fiscal year 2017, the globally operating, multi-brand company reached sales to 13.8 billion euro, growing considerably faster than the market. The worldwide home appliance market gained an average of two percent last year, while BSH sales revenue climbed a substantial 5.8 percent from the prior year (3.5 percent in 2016). At the same time, BSH again increased its worldwide expenditures on capital investments as well as on research and development, putting itself on course for sustained growth.
«We’re right on track to achieve our long-term growth targets, while at the same time pursuing the cultural and digital transformation of BSH – commented Karsten Ottenberg, Chairman of the Management Board at BSH. – By 2025, the company plans to expand Group sales revenue to EUR 20 billion. The BSH brand portfolio comprises 14 different brands of home appliances all over the world (including Bosch, Siemens, Gaggenau, and Neff). Digital services for smart home appliances, marketed under Home Connect, are playing an increasingly important role. They offer consumers customizable added value, and tap additional sources of income for BSH with new, digital business models.»