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Bosch to beat forecasts, double down on India - Handelsblatt

BERLIN (Reuters) - Bosch will beat revenue forecasts and earn more than 87 billion euros ($92 billion) in revenues this year, its deputy chief executive Christian Fischer told...
Bosch to beat forecasts, double down on India - Handelsblatt © Reuters. FILE PHOTO: The Robert Bosch logo at the company's research and development centre Campus Renningen during a guided media tour in Renningen, Germany, September 30, 2015. REUTERS/Ralph Orlowski/File Photo

BERLIN (Reuters) - Bosch will beat revenue forecasts and earn more than 87 billion euros ($92 billion) in revenues this year, its deputy chief executive Christian Fischer told Handelsblatt in an interview published on Wednesday.

He added that the engineering company would rethink its strategy in view of the geopolitical crises facing the world, including by increasing its exposure to India in order better to hedge against risks from China, where the firm earns a fifth of its turnover.

"We have to rethink our mid-term investment focuses," he told the newspaper. Exposure to China would not be reduced, he added. Revenues from India exceeded 2 billion euros a year, he said, with growth exceeding 30% in both the past two years.

($1 = 0.9401 euros)

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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