BSH closed 2022 with a turnover increase of 2.5%

BSH Board of management

Bsh Hausgeräte GmbH closed the fiscal year 2022 with a turnover of 15.9 billion euro, representing a year-over-year increase of 2.5 percent. In the previous two years, the company benefited, due to the coronavirus pandemic, from a boom in the consumer goods business. This increased demand declined last year, while inflation rose sharply. «Thanks to the loyalty of our consumers and partners – said CEO Matthias Metz –, our strong global brand portfolio, our innovative products and services, and the outstanding commitment of our employees, we fared well last year. Our aim for this year is to continue to grow profitably in all regions and product categories. The focus, alongside managing the significantly increased costs (for example, in the fields of energy, material and personnel) is on ensuring that our supply chains become even more resilient.»

Bsh reported a growth of 16% in the America (USA/Canada) region and a slight gain of 0.3 percent in Europe, with a good performace in Germany, Austria and Italy. Turnover in Asia-Pacific/Africa region posted instead a 2 percent year-over-year. As a result of special effects, such as restrictions due to the coronavirus pandemic, BSH in China shrank by 4 percent. By contrast, turnover rose above average in the growth markets, especially in India and the Middle East.

The strongest turnover driver in the last fiscal year was the product category Cooling with a year-over-year gain of 8.8 percent, closely followed by the product category Dish Care, which grew its turnover by 8 percent. Cooking, the product category with the strongest turnover, grew by 2.8 percent. In this category, however, the market was waiting for an important model change to the new oven series, scheduled for spring 2023. Laundry Care and Consumer Products, the small home appliance category, posted a decline of 6 percent and 6.2 percent respectively.