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2017
Bo
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od
ay
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Bosch
today
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
Bosch Group key data
Figures in millions of euros
Boschin figures
3.3 billion euros EBIT in 2016
120 engineering locationsworldwide
Around 440 subsidiaries and regional companies in approximately 60 countries
Roughly 7 billion euros spent on research and development
Roughly associates worldwide
389,000
73.1 billion euros sales revenue in 2016
How to contact us / Five-year summary47
Five-year summary of the Bosch Group
Figures in millions of euros
2012 1 2013 2014 2015 2016
Sales revenue 44,703 46,068 48,951 70,607 73,129
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
Annual average number of associates (thousands) 273 280 286 369 384
of which in Germany 109 108 105 131 133
outside Germany 164 172 181 238 251
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
Contents1
Bosch in figures The Bosch Group at a glance 2 Strategy and innovation 4We 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
Bosch today 2017 The Bosch Group at a glance2 3
The Bosch Group at a glance
THE BOSCH GROUP is a leading global supplier of technology and services. It employs roughly 389,000 associates worldwide (as of December 31, 2016). The company generated sales of 73.1 billion euros in 2016. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. As a leading IoT company, Bosch offers innovative solutions for smart homes, smart cities, connected mobility, and connected manufacturing. It uses its expertise in sensor technology, software, and services, as well as its own IoT cloud, to offer its customers connected, cross-domain solutions from a single source. The Bosch Group’s strategic objective is to create solutions for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.” The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiaries and regional companies in some 60 countries. Including sales and service partners, Bosch’s global manufacturing, engineering,
and sales network covers nearly every country in the world. The basis for the company’s future growth is its innovative strength. At 120 locations across the globe, Bosch employs some 59,000 associates in research and development.
The company was set up in Stuttgart in 1886 by Robert Bosch (1861–1942) as “Workshop for Pre-cision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.
CONSUMER GOODS
Page 14
ENERGY AND BUILDING
TECHNOLOGYPage 16
INDUSTRIAL TECHNOLOGY
Page 12
MOBILITY SOLUTIONS
Page 10
Robert Bosch Industrietreuhand KG
93
Bosch family7
VOTING RIGHTSPercentage figures
Robert Bosch GmbH1
Bosch family7
Robert Bosch Stiftung GmbH
92
Shareholders of Robert Bosch GmbH
SHAREHOLDINGPercentage figures
Bosch Group business sectors
Other businesses not allocated to business sectors:
Bosch Healthcare Solutions GmbH Bosch Software Innovations GmbH
Robert Bosch Start-up GmbHRobert Bosch Venture Capital GmbH
Strategy and innovation5
We are
BoschWWW.WEAREBOSCH.COM
Invented for life: we want our products to spark enthusiasm, improve quality of life, and help conserve natural resources.
Our objective – what we want to achieve
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.
Our motivation – what drives us
Focusing on customers | Shaping change | Striving for excellence
Our strategic focal points – what will help us succeed
Our values – what we build on
Bosch culture | Innovation | Outstanding quality | Global presence
Our strengths – what we do well
4Bosch today 2017
Future and result focus
Responsibility and sustainability
Initiative and determination
Openness and trust
Fairness Reliability, credibility, legality
Diversity
Bosch today 20176 7
Strategy and innovation
For more about our strategy, read the group management report in the 2016 annual report at annual-report.bosch.com
Bosch will use connectivity
to further develop its traditional business.
Having our own IoT cloud gives us greater speed and flexibility as well as enhancing
data security.
We operate on all three levels of connectivity:
intelligent and connected devices, software
platforms, and applications and services.
We are opening up completely new
business opportunities.
We already connect more than 5 million devices.
Our goal is to connect around 25 million devices by 2019.
As one of the world’s leading companies, our goal is to
play a major part in shaping the internet of things (IoT).
On the way to becoming an IoT company
Our expertise covers the entire IoT
value chain from sensors to services.
We are continuing to refine our Bosch IoT
Suite to offer microser-vices that can be used as
flexible modules, and opening the platform up to third parties.
As a globally leading supplier of MEMS
sensors we have a USP.
Bosch today 20178 9
Strategy and innovation
The stories illustrating Bosch strategy are available online at annual-report.bosch.com
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
New perspectivesHow Bosch improves existing solutions
How Bosch develops completely new products and services
New connectionsHow Bosch creates networks internally and externally
Bosch today 2017 Business sectors10 11
Mobility Solutions
The Mobility Solutions business sector, one of the world’s biggest automotive suppliers, accounts for 60 percent of total sales. Its main areas of activity are injection technology and powertrain peripherals for internal-combustion engines, diverse solutions for powertrain elec-trification, steering systems, safety and driver- assistance systems, technology for user-friendly infotainment as well as vehicle-to-vehicle and vehicle-to-infrastructure communication, repair-shop concepts, and technology and services for the automotive aftermarket. The sector combines the group’s expertise in three mobility domains – automation, electrification, and connectivity.
It offers its customers integrated mobility solu-tions that allow cars to interact with other means of transportation such as bicycles, trains, and buses. Bosch has been responsible for impor-tant automotive innovations, such as electronic engine management, the ESP® anti-skid system, common-rail diesel technology, and the e-axle, the electric axle drive system presented at the start of 2017. The new drive integrates trans-mission, electric motor, and power electronics in one compact housing, making the powertrain significantly less expensive, more compact, and more efficient.
WWW.BOSCH-MOBILITY-SOLUTIONS.COM
Gasoline SystemsDiesel Systems
Chassis Systems ControlElectrical Drives
Starter Motors and GeneratorsCar Multimedia
Automotive ElectronicsAutomotive Aftermarket
Automotive Steering
Other businesses:Bosch Engineering GmbH
Commercial Vehicles and Offroad Applications eBike SystemsETAS GmbH
Two-Wheeler and Powersports Development of sales revenue 2015–2016Bosch Group
SALES REVENUE – SECTORAL COMPARISONFigures in billions of euros
Mobility Solutions
Industrial Technology
Consumer Goods
Energy and Building
Technology
41.7 6.6 17.1 5.143.9 6.3 17.6 5.2
Bosch today 201712 13
Industrial Technology
Drive and Control Technology 1
Packaging Technology
Other businesses:Bosch Connected Industry
1 Bosch Rexroth AG (100% Bosch-owned)
In 2016, the Industrial Technology business sec-tor generated roughly 9 percent of total Bosch Group sales. The business sector includes the Drive and Control Technology division, a drive and control technology specialist which is one of the leading providers worldwide. Its portfolio includes customized drive, control, and actuator solutions for factory automation, plant construc-tion and engineering, mobile machinery, and com-
mercial vehicles. Drive and Control Technology also offers a comprehensive range of services, is involved in large-scale international projects, and is a leading provider in the area of connected man-ufacturing. The Packaging Technology division is one of the world’s leading providers of process and packaging solutions for the pharmaceuticals, foodstuffs, and confectionery industries, as well as selected segments of the beverages industry.
WWW.BOSCHREXROTH.COMWWW.BOSCHPACKAGING.COM
Business sectors
37.3 14.1 19.238.6 13.7 20.8
Europe Americas Asia Pacific(Including other coun-tries; including Africa)
Development of sales revenue 2015–2016Bosch Group
SALES REVENUE – REGIONAL COMPARISONFigures in billions of euros
Bosch today 2017 Business sectors14 15
Consumer Goods
Power ToolsBSH Hausgeräte GmbH
The Consumer Goods business sector contribut-ed some 24 percent of total Bosch Group sales in 2016. It includes the Power Tools division, one of the world’s leading suppliers of power tools and power-tool accessories, as well as of measuring and gardening tools. One of the division’s focal points is convenient, high-performance cordless equipment, and increasingly also web-enabled equipment and services. The Consumer Goods business sector also includes BSH Hausgeräte
GmbH. As one of the leading global manufactur-ers of household appliances, it offers the entire range of modern and energy-efficient appliances, which are increasingly also web-enabled. Its product portfolio ranges from washing machines and tumble dryers through refrigerators and freezers, stoves and ovens, and dishwashers, to small appliances such as vacuum cleaners, coffee makers, and food processors.
WWW.BOSCH-PT.COMWWW.BSH-GROUP.COM
1 Corporate functions and research
Mobility Solutions226,856
Industrial Technology38,117
Consumer Goods76,131
Other activities 1
17,884
Energy and Building Technology30,293
AssociatesBosch Group 2016, as per Dec. 31, 2016
BY BUSINESS SECTOR
58%
10%
20%
8%4%
Bosch today 2017 Business sectors16 17
Energy and Building Technology Security Systems
ThermotechnologyBosch Global Service Solutions
Other businesses:Robert Bosch Smart Home GmbH
In 2016, the Energy and Building Technology busi-ness sector generated roughly 7 percent of total Bosch Group sales. Its Security Systems division offers innovative products and solutions relating to video surveillance, intrusion-detection, fire- detection, and voice-alarm systems, access-con-trol and building management systems, and professional audio and conference systems. Bosch also operates in selected countries via the Integrator Business operating unit (installa-tion business), which offers solutions and serv- ices for building security, energy efficiency, and building automation. With its Thermotechnology
division, Bosch is a leading manufacturer of energy-efficient heating products and hot-water solutions in Europe. With a view to functions such as remote diagnosis, web-enabled devices are becoming increasingly important. Bosch Global Service Solutions is a leading international provider of business process outsourcing for complex business processes and services. Within Bosch, it also provides shared-service functions. Robert Bosch Smart Home GmbH combines the company’s smart-home activities, and offers products and services for smart homes from a single source.
WWW.BOSCH-ENERGY.COM
Germany133,974
Europe (Excluding Germany)
102,680
Americas42,627
Asia Pacific (Including other countries)
110,000
AssociatesBosch Group 2016, as per Dec. 31, 2016
BY REGION
26 %
11 %
28 %
35 %
Bosch today 2017 Highlights 201618 19
January 6 – Las Vegas, USA
When cars help out in the kitchen
CES Consumer Electronics Show: Bosch presents the future of mobility and homes.
January 6 – Las Vegas, USA
CES 2016 Innovation Award
Winner in the “In-Vehicle Audio/Video” cat-egory: a touchscreen with haptic feedback developed by Bosch.
February 22 – Reutlingen, Germany
Vital sensor hubs for wearables
Bosch Sensortec launches the first generation of sensor-hub products with optimized vital parameter measurement.
02
March 9 – Berlin, Germany
Bosch Connected World
Bosch launches its own cloud for web-based services.
03
April 9 – Changsha, China
German Foreign Minister Steinmeier visits Bosch plant in China
At the Bosch plant in the central Chinese provincial capital of Changsha, the focus of the visit is on intelligent production.
April 13 – Abstatt, Germany
Fourth global meeting of Bosch employee representatives
67 delegates, 37 countries, 17 languages: the global meeting of Bosch employee represent-atives is becoming ever more international.
May 2 – Lund, Sweden
Bosch opens innovation incubator in Sweden
The company’s first engineering location in Scandinavia has 50 Bosch experts on board.
0504
June 9 – Lisbon, Portugal
2016 European Inventor Award goes to the father of ESP®
The European Patent Office recognizes the retired Bosch associate Anton van Zanten for his life’s work.
06
June 22 – Tel Aviv, Israel
Bosch establishes research office in Tel Aviv
Focus on collaboration with scientific institu-tions and start-ups in fields such as machine learning, robotics, cybersecurity, connectivity, and the internet of things.
Highlights 2016
01April 8 – Stuttgart, Germany
Bridge-builder for Bosch
In his 40 years with Bosch, Tilman Todenhöfer used his diplomatic skills to smooth many paths, building bridges within the company and for the company. He now steps down from the supervisory board and Robert Bosch Industrietreuhand.
Bosch today 2017 Highlights 201620 21
July 18 – Stuttgart, Germany
Bosch forms an alliance against cancer
The Robert Bosch Hospital, the Robert Bosch Stiftung, and the Bosch Group join forces to fight cancer, launching a number of related initiatives.
07
August 3 – Berlin, Germany
Bosch’s first shared mobility platform
An e-scooter sharing service launches in Berlin under the new Coup brand.
08
September 21 – Walldorf and Stuttgart,
Germany
Technology partner for more customer benefit Bosch and SAP form a strategic partnership for the internet of things and connected manufacturing.
September 21 – Hannover, Germany
66th IAA Commercial Vehicles 2016
Bosch presents its solutions and ideas for the connected, automated, and electrified commercial vehicles of tomorrow.
September 30 – Würzburg, Germany
Leadership Award Connected World 2016
Vogel Business Media honors the Bosch CEO Volkmar Denner for his exceptional dedica-tion and achievements in the area of digital connectivity.
09
October 12 – Abstatt and Rülzheim, Germany
Bosch plans acquisition of ITK Engineering AG
With a workforce of 800, ITK Engineering is a leading supplier of systems and software development in multiple sectors.
October 6 – Stuttgart, Germany
Sensors and software bring Robert Bosch’s workbench from 1887 into the era of connected manufacturing
Bosch’s new internet of things gateway makes the benefits of connected manufacturing available to factories using older machinery.
10
November 7 – Clifton, USA, and Stuttgart,
Germany
Acquisition of Skyline Automation
Bosch acquires specialist in building automa-tion and strengthens its international business with integrated services for non-residential buildings.
November 10 – Waiblingen, Germany
Bosch is becoming a part of everyday healthcare
Vivatmo me is the first breath analysis device that allows asthmatics a quick and no-fuss way of measuring the severity of airway inflammation.
11 December 15 – Stuttgart, Germany
Cyber Valley: Bosch finances an endowed chair for machine learning
A first for Germany: Bosch joins forces with partners from the political, industrial, and scientific arenas to create Cyber Valley, which will drive forward research into artificial intelligence in Baden-Württemberg.
12
Bosch today 2017 The business year 201622 23
The business year 2016
In the context of an only moderate pace of growth in the global economy, the Bosch Group grew well in 2016, recording a number of success stories in its various business sectors. Despite a slow economic environment and significant negative exchange-rate effects, the target growth range of 3 to 5 percent for sales was achieved, and even exceeded slightly after adjusting for exchange rates. Sales increased in 2016 by 3.6 percent in nominal terms to 73.1 billion euros, a rise of 5.5 percent allowing for exchange-rate effects.
Performance varied by region and business sec-tor. In regional terms, the pace of business picked up considerably in Asia Pacific over the course of the year. Growth in Europe was also encouraging. With regard to the business sectors, Mobility Solutions and Consumer Goods recorded the strongest growth.
In many respects, result is affected by upfront investments relating to the transformation that lies ahead. EBIT (earnings before taxes and before financial result) from operations totaled 4.3 billion euros in 2016, while the operating margin was 5.8 percent. Both figures were thus down year on year.
Above all, the upfront investments included increased research and development cost and increased depreciation on property, plant, and equipment as a result of greater capital expenditure. Research and development cost reached approximately 7 billion euros in 2016, compared with 6.4 billion euros in the previous year. Research and development intensity was
9.5 percent, compared with 9.0 percent in the previous year.
There was also considerable expenditure on restructuring and adjustment measures. This is because part of the upfront investments goes into aligning the company’s traditional business with changing requirements and markets. In 2016, Bosch disclosed EBIT of 3.3 billion euros, compared with 4.6 billion euros in the previous year. The main difference between this figure and EBIT from operations is additional depreciation in connection with the complete acquisition of the former Automotive Steering and BSH Hausgeräte GmbH joint ventures in 2015.
Development of sales revenue Bosch Group 2012–2016
Figures in millions of euros
44,703 46,068 48,951
12 13 14 15 16
73,12970,607
Development of EBITBosch Group 2012–2016
Figures in millions of euros
2,118 2,751 3,030
12 13 14 15 16
4,587 3,335
Bosch today 2017 The business year 201624 25
Bosch is energetically tackling the transformation required in light of the technological changes brought about by the internet of things. It is focusing on increasing connectivity in mobility and industry, consumer goods, and building and energy technology. Its largest business sector, Mobility Solutions, is also facing significant chal-lenges arising from the future electrification of the powertrain. The Bosch Group aims to become a leading supplier for the internet of things and of pioneering mobility solutions.
The total number of Bosch Group associates rose by around 14,500 to approximately 389,300 at the end of 2016, compared with 374,800 at the end of 2015.
In view of far-reaching technological changes in areas such as powertrain technology and with respect to IT expertise, providing associates with further training is an important task. Bosch invested around 250 million euros in continuing professional development in 2016 alone. Occu-pational training and continuing professional development have traditionally been regarded as very important at Bosch. Worldwide, over 7,300 young people completed apprenticeship schemes at Bosch in 2016.
Outlook for 2017
While there are signs that global economic growth will be slightly higher in 2017 than in the previous year, the political and economic risks are considerable. Against this backdrop, the Bosch Group expects sales growth to be on a par with the previous year. Yet considerable upfront investments relating to the transformation that lies ahead will again have to be made in 2017. Nonetheless, it is planned to improve result compared with 2016.
1 Including development work charged directly to customers
Research and development cost 1Bosch Group 2012–2016
TOTAL EXPENDITUREFigures in millions of euros
4,442 4,543 4,959 6,378 6,954
12 13 14 15 16
1 Including development work charged directly to customers
Research and development cost 1Bosch Group 2012–2016
9.9 9.9 10.1 9.0 9.5
TOTAL EXPENDITUREAs a percentage of sales revenue
12 13 14 15 16
Bosch today 2017 Sustainability26 27
SustainabilityCSR.BOSCH.COM
opment goals (SDGs), which came into force in early 2016. The UN aims to have achieved these goals by 2030. With their mission of upholding human dignity, promoting progress, and keep-ing the environment intact, these goals are an important compass for Bosch. They make it easier to see activities from the perspective of their social relevance. The focus is on activ-ities for good health and well-being (SDG 3), sustainable cities and communities (SDG 11), and climate action (SDG 13). In addition, Bosch’s social commitment improves factors such as access to quality education (SDG 4) and pro-motes peace and justice (SDG 16). The most recent example of this is the company’s support for refugees in Europe.
For the Bosch Group, sustainability means secur-ing the company’s long-term success while at the same time protecting the natural resources on which present and future generations depend. In line with its “Invented for life” ethos, Bosch pursues the aim of making renewable energy even more cost effective and mobility even safer and more efficient. On a more general level, the aim is to develop eco-friendly, resource-conserving products. At Bosch, therefore, ecology is a driver of innovation: last year, for example, more than 50 percent of the research and development budget went into products in the “environment and safety” portfolio, which generated some 40 percent of the company’s sales in 2016. Bosch sees huge opportunities in the areas of connec-tivity, electrification, and energy efficiency. At the same time, the company systematically applies sustainability management to counter risks aris-ing from climate change and resource scarcity.
For Bosch, endeavors to balance out economic, ecological, and social concerns result in four fields of sustainability-related action: environ-ment, products, associates, and society. Within these fields, the company has set five specific targets. Relative to its own value creation, Bosch wants to reduce its waste volumes and water consumption by 6 percent by 2018, and to cut its CO2 emissions (from their 2007 level) by 35 percent by 2020. In the period between 2010 and 2020, moreover, it is planned to carry out a total of 1,000 envi-ronmental and health and safety audits at our suppliers. By 2020, furthermore, women should
Progress toward the Bosch-wide sustainability targets in 2016
30.6% reduction in CO2 emissions (relative to value created
in-house) over 2007
Target: 35% by
2020
Since 2010
614 environmental and health and safety audits carried
out at suppliers
Target:1,000 by
2020
2.7 accidents per million hours worked in 2016
Target: 1.7 by2020
15.4%women executives
in 2016
Target: 20% by
2020
3.9% reduction in water
consumption (relative to value created in-house)
over 2015
1.5% reduction in waste (relative to value created in-house)
over 2015
Target: 6% by2018
make up one-fifth of Bosch executives, and the number of occupational accidents should fall to 1.7 per million hours worked.
Bosch reports progress toward these goals to the UN Global Compact, the world’s largest initiative for responsible corporate governance. In its annual sustainability report, the company describes how it adheres to the international principles relating to human rights, labor stand-ards, environmental protection, and the fight against corruption. In addition, Bosch has been concerning itself with the UN’s sustainable devel-
Target: 6% by2018
Bosch today 2017 Robert Bosch Stiftung28 29
Since it was established in 1964, Robert Bosch Stiftung has been carrying on the company founder’s public welfare endeavors. It anticipates emergent social issues and formulates exemplary solutions. In addition, it develops and carries out projects of its own. The Stiftung also supports third-party projects that fit with its own objec-tives. It finances its work from the dividend it receives as a shareholder in Robert Bosch GmbH.
Robert Bosch Stiftung is active in the areas of healthcare, science, society, education, and international relations. To be even better pre-pared for the major challenges of our time, the Stiftung redesigned its strategy in 2016, and now focuses its work on three main issues: “migration, integration, and participation,” “social cohesion in Germany and Europe,” and “viable living environments.”
The Stiftung’s work in the area of mass migration is an example of its focus on major social issues.
Welcome to the school of the year 2016! These two pupils attend the “Auf der Süsteresch” elementary school in Schüttorf, north Germany. Their school won the German school award.
1 Dr. Margarete Fischer-Bosch Institute for Clinical Pharmacology, Institute for the History of Medicine of Robert Bosch Stiftung, Robert Bosch Centrum für Tumorerkrankungen
The expert commission convened by the Stiftung to reconceptualize refugee policy formulated 99 reform proposals, which were presented to and discussed with the German federal president at a joint forum.
A further major Stiftung project is the Deutscher Schulpreis (German school award), which is pre-sented annually to the best schools in Germany. Over the past ten years, the award has given rise to a movement for educational excellence.
Robert Bosch Stiftung
WWW.BOSCH-STIFTUNG.DE
Healthcare 6.7
Science 7.2
Society 9.2
Education 7.9
International relations: Americas and Asia 9.0
International relations: Europe and its neighbors 14.2
Projects by the Berlin liaison office to promote international relations 5.7
Projects of the management board 0.3Projects of the communications department 0.1
Research at institutes 1 and theRobert Bosch Hospital 14.1
Capital expenditure for the Robert Bosch Hospital 27.1
Robert Bosch College UWC GmbH 1.2Die Deutsche Schulakademie gGmbH 3.1
Funding for the Otto und Edith Mühlschlegel Stiftung 1.2
Dependent foundations 2.1
Total project grants
1964–2016 1,486m2016 109.1m
The following institutions also belong to the Stiftung:• Robert Bosch Hospital• Dr. Margarete Fischer-Bosch Institute for Clinical
Pharmacology• Institute for the History of Medicine of Robert
Bosch Stiftung• Deutsche Schulakademie• UWC Robert Bosch College• Robert Bosch Centrum für Tumorerkrankungen• International Alumni Center iac Berlin
Dependent foundations within the Stiftung:• Otto und Edith Mühlschlegel Stiftung (aging)• Hans-Walz-Stiftung (research into complementary
medicine)• DVA-Stiftung (Franco-German dialogue)• Rochus und Beatrice Mummert Stiftung (international promotion of young talent)
Figures in millions of euros
Bosch today 2017 Bosch as an employer30 31
Bosch as an employer
WWW.BOSCH-CAREER.COM
Make your mark Give your job a meaning.With solutions “Invented for life”.
At Bosch, we are committed to developing innovative, beneficial, and fascinating products and services. Enhance with us the qua-lity of life worldwide, and leave a lasting mark on the world.
Shape tomorrow’s world The future offers many opportunities.Be among the first to take advantage of them.
With regard to global megatrends and new technical capabilities, we create solutions for a connected life. And there is much more potential for us to tap. Create your vision of the future with us, and witness how your ideas shape tomorrow’s world.
Find your place You know how you can work best.We offer you the conditions needed.
One global company, many ways of working: From start-ups toestablished corporate structures, we offer a wide range ofworking environments. Join in, and find the right place for you.
Why work for Bosch?Here is why.
Balance your life Make your job match your lifestyle.We provide you with individual support.
You know that there is more to life than just work. That’s why we actively support you in finding a healthy balance between your private and professional lives. Join us, and let life happen.
Walk the talk Wherever you are –our team spirit is with you.
Robert Bosch founded our company over 130 years ago, and we still live by the values he embodied today. Discover a culture that is based on respect and responsibility, and carry our values further.
Discover new directions Your way might change –we will stay by your side.
We welcome change and encourage you to switch between positions and working fields. Tell us about your goals, and let us put them into practice.
Be yourself Your diversity makes us special.Enrich us with your own unique personality.
Everyone is different. We appreciate your individuality and belie-ve that diversity is an asset for our company. Show us your way of thinking, and let us drive great innovations together.
Pay it forward We love our business and our environment.Let’s save them both for future generations.
At the core of our DNA is social responsibility. That’s why, with us, you can achieve business success and support social and environmental projects at the same time.
Bosch today 2017 The Bosch Group in Germany32 33
The Bosch Group in Germany
Corporate headquartersGerlingen near Stuttgart
Research and development locationsAbstatt, Berlin, Bretten, Bühl/Bühlertal, Crailsheim, Dillingen, Ditzingen, Elchingen, Erbach, Giengen, Grasbrunn, Hildesheim, Horb, Leinfelden, Leonberg, Lohr, Lollar, Plochingen, Regensburg, Renningen, Reutlingen, Schwäbisch Gmünd, Schwieberdingen, Stuttgart, Traunreut, Waiblingen, Wernau
Manufacturing locations – Mobility SolutionsAnsbach, Arnstadt, Bamberg, Berlin, Bietigheim, Blaichach/Immenstadt, Breidenbach, Bremen, Bühl/Bühlertal, Eisenach, Göttingen, Hildesheim, Homburg, Kusterdingen, Munich, Neunkirchen, Nuremberg, Plochingen, Pollenfeld, Reutlingen, Rutesheim, Salzgitter, Schwäbisch Gmünd, Stuttgart, Waiblingen
Technical sales offices for automotive original equipmentBerlin, Braunschweig, Cologne, Frankfurt am Main, Munich, Waiblingen
Manufacturing operations – Industrial Technology Augsfeld, Chemnitz, Crailsheim, Dresden, Elchingen, Erbach, Fellbach, Homburg, Horb, Ketsch, Königsbrunn, Lohr, Nuremberg,
Ober-Ramstadt, Remshalden, Schopfheim, Schweinfurt, Stuttgart, Viersen, Volkach, Waiblingen Manufacturing operations – Consumer GoodsBad Neustadt, Bretten, Dillingen, Giengen, Leinfelden, Murrhardt, Nauen, Ravensburg, Sebnitz, Traunreut
Manufacturing operations – Energy and Building Technology Eibelshausen, Gunzenhausen, Lollar, Straubing, Wernau, Wettringen
Sales and service centersBerlin, Bochum, Braunschweig, Cologne, Ditzingen, Düsseldorf, Essen, Fellbach, Frankfurt am Main, Fürth, Garching, Grasbrunn, Hainburg, Hamburg, Hannover, Ichtershausen, Karlsruhe, Leipzig, Magdeburg, Munich, Nuremberg, Pollenfeld, Ratingen, Stuttgart, Wetzlar, Willershausen
Bosch Software Innovations GmbHBerlin, Immenstaad, Waiblingen
Associates in Germany: 133,974
(as of December 31, 2016)This list includes locations with 100 or more associates, including the locations of non-consolidated subsidiaries.
Hamburg
Bremen
Wettringen
Hannover
HildesheimBraunschweig
Salzgitter Magdeburg
Berlin
Willershausen
GöttingenLeipzig
Sebnitz
Dresden
Chemnitz
EssenBochum
Viersen RatingenDüsseldorf
CologneEibelshausen
Wetzlar
Breidenbach
LollarEisenach
ArnstadtIchtershausen
Bad NeustadtFrankfurt am Main
Ober-RamstadtLohr
Hainburg Schweinfurt
BambergAugsfeldVolkach
FürthNuremberg
Ansbach
GunzenhausenCrailsheim
Murrhardt
Erbach
HomburgKetsch
Abstatt
KarlsruheBretten Bietigheim
Bühl/Bühlertal
HorbReutlingen
Schwäbisch Gmünd
Pollenfeld Regensburg
StraubingGiengen
DillingenElchingen
Munich GrasbrunnTraunreut
Garching
Königsbrunn
Blaichach/ImmenstadtRavensburg
Immenstaad
LeinfeldenPlochingen
Wernau
Stuttgart RemshaldenLeonberg
Rutesheim Ditzingen Fellbach/Waiblingen
Schwieberdingen
Schopfheim
Kusterdingen
Nauen
Renningen
Neunkirchen
Gerlingen
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The Bosch Group in Europe (outside Germany)
Austria 3,619 associatesManufacture of automotive technology and industrial technology; engineering; sales; locations: Hallein, Linz, Pasching, St. Michael ob Bleiburg, Ternitz, Vienna
Belgium 1,644 associatesManufacture of automotive technology; sales; locations: Aartselaar, Brussels, Tienen
Bulgaria 153 associatesSales; engineering; location: Sofia
Czech Republic 8,513 associates Manufacture of automotive technology, industrial technology, and heating systems; engineering; sales; locations: Albrechtice, Brno, České Budějovice, Jihlava, Mikulov, Prague
Denmark 715 associatesManufacture of automotive technology; sales; locations: Ballerup, Esbjerg
Finland 220 associatesSales; location: Vantaa
France 7,651 associates Manufacture of automotive technology, industrial technology, and heating systems; engineering; communications services; sales; locations: Drancy, Freyming, La Ferté-Bernard, Lipsheim,
Marignier, Mondeville, Moulins, Paris, Rodez, Saint-Ouen, St-Thégonnec, Vendôme, Vénissieux
Greece 530 associates Manufacture of household appliances; sales; location: Athens (Koropi)
Hungary 14,316 associatesManufacture of automotive technology, industrial technology, and power tools; engineering; sales; locations: Budapest, Eger, Hatvan, Maklár, Miskolc
Italy 5,900 associatesManufacture of automotive technology, industrial technology, and power tools; engineering; sales; locations: Bari, Cernusco, Cinisello Balsamo, Correggio, Fagagna, Milan, Modugno, Nonantola, Offanengo, Pavullo nel Frignano, Turin, Udine, Vezzano
Netherlands 3,837 associates Manufacture of automotive technology, industrial technology, heating systems, and security systems; engineering; sales; locations: Amsterdam, Boxtel, Breda, Deventer, Eindhoven, Hoevelaken, Schiedam, Tilburg, Weert
Norway 208 associatesSales; location: Ski
Poland 5,140 associatesManufacture of automotive technology and household appliances; engineering; sales; locations: Łódź, Rzeszów, Warsaw, Wrocław
Portugal 3,967 associatesManufacture of automotive technology, heating systems, and security systems; engineering; communications services; sales; locations: Aveiro, Braga, Lisbon, Ovar Romania 4,816 associatesManufacture of automotive technology and industrial technology; engineering; communications services; sales; locations: Blaj, Bucharest, Cluj, Timişoara
Russian Federation 3,742 associates Manufacture of automotive technology, household appliances, and power tools; communications services; sales; locations: Engels, Kazan, Khimki, Moscow, Samara, St. Petersburg
Serbia 1,039 associatesManufacture of automotive technology; sales; locations: Belgrade, Pećinci
Slovakia 1,096 associatesManufacture of automotive technology and household appliances; engineering; sales; locations: Bernolákova; Michalovce
Slovenia 1,377 associatesManufacture of industrial technology and household appliances; engineering; sales; locations: Nazarje, Škofja Loka
Spain 8,896 associatesManufacture of automotive technology, household appliances, and industrial technology; engineering; communications services; sales; locations: Aranjuez, Barcelona, Castellet, Esquíroz, La Cartuja, Lliçà d‘Amunt, Madrid, Montañana, San Sebastián, Santander, Treto, Vigo, Vitoria, Zaragoza
Sweden 1,496 associatesManufacture of industrial technology and heating systems; sales; locations: Mellansel, Stockholm, Tranås
Switzerland 3,240 associatesManufacture of industrial technology and power tools; engineering; sales; locations: Beringen, Buttikon, Frauenfeld, Geroldswil, Solothurn, St. Niklaus
Turkey 16,670 associatesManufacture of automotive technology, industrial technology, and heating systems; engineering; sales; locations: Bursa, Çerkezköy, İstanbul, Manisa
Ukraine 369 associatesManufacture of automotive technology; sales; locations: Kiev, Krakovets
United Kingdom 5,290 associatesManufacture of automotive technology, industrial technology, power tools, and heating systems; communications services; sales; locations: Alfreton, Cirencester, Clay Cross, Denham, Glenrothes, Greetland, Liverpool, Milton Keynes, St. Neots, Stockport, Stowmarket, Worcester
(as of December 31, 2016)This list includes countries and locations with 100 or more associates, including the locations of non-consolidated subsidiaries.
Further companies operate in Belarus, Croatia, Estonia, Georgia, Ireland, Latvia, Lithuania, and Luxembourg.
Bosch today 2017 The Bosch Group outside Europe36 37
The Bosch Group outside Europe
Argentina 246 associatesSales; location: Buenos Aires
Australia 1,276 associatesManufacture of automotive technology and power tools; engineering; sales; locations: Clayton, Melbourne, Sydney
Brazil 8,507 associates Manufacture of automotive technology, industrial technology, heating systems, security systems, and power tools; engineering; communications services; sales; locations: Alphaville, Aratú, Atibaia-SB, Campinas, Curitiba, Itupeva, Joinville, Pomerode, São Paulo
Canada 601 associatesSales; locations: Mississauga, Welland
Chile 166 associates Sales; location: Santiago de Chile
China 59,563 associatesManufacture of automotive technology, industrial technology, power tools, household appliances, heating systems, and security systems; engineering; communications services; sales; locations: Beijing, Changchun, Changsha, Chengdu, Chuzhou, Dongguan, Guangzhou, Hangzhou, Hong Kong, Jinan, Liuzhou, Nanjing, Ningbo, Qingdao, Shanghai, Shenzhen, Suzhou, Wuhan, Wuhu, Wujin, Wuxi, Xi‘an, Yantai, Zhuhai, Zibo
Colombia 100 associatesSales; location: Bogotá
Costa Rica 200 associatesCommunications services; location: Heredia
India 32,977 associatesManufacture of automotive technology, industrial technology, power tools, and household appliances; software development; engineering; communications services; sales; locations: Ahmedabad, Bengaluru, Bidadi, Bommanahalli, Chakan, Chennai, Coimbatore, Gangaikondan, Hyderabad, Jaipur, Koramangala, Naganathapura, Nalagarh, Nashik, Pune, Verna
Indonesia 222 associatesManufacture of automotive technology; sales; location: Jakarta
Japan 6,866 associatesManufacture of automotive technology and industrial technology; engineering; sales; locations: Higashi-Matsuyama, Izumozaki, Misato, Musashi, Odawara, Osaka, Ota, Shibuya, Shiki, Takasaki, Tochigi, Tsuchiura, Yokohama, Yorii
Korea 2,490 associatesManufacture of automotive technology; engineering; sales; locations: Busan, Deagu, Daejeon, Sejong, Yongin
Malaysia 3,020 associatesManufacture of automotive technology and power tools; engineering; sales; locations: Penang, Petaling Jaya
Mexico 14,288 associatesManufacture of automotive technology and power tools; engineering; sales; locations: Aguascalientes, Guadalajara, Hermosillo, Juárez, Lerma, Mexicali, Mexico City, San Luis Potosí, Toluca
Morocco 131 associatesSales; location: Casablanca
Peru 718 associates Manufacture of household appliances; sales; location: Callao
Philippines 530 associatesCommunications services; sales; location: Manila
Singapore 919 associatesSales; location: Singapore
South Africa 1,331 associatesManufacture of automotive technology; sales; locations: Brits, Kempton Park, Midrand
Taiwan 869 associatesManufacture of automotive technology; engineering; sales; locations: Pingzhen, Taipei
Thailand 1,509 associatesManufacture of automotive technology and industrial technology; sales; locations: Amata City, Bangkok, Chonburi, Rayong United Arab Emirates 128 associatesSales; location: Dubai
United States 18,493 associatesManufacture of automotive technology, industrial technology, power tools, household appliances, heating systems, and security systems; engineering; sales; locations:75 locations, including Albion/IN, Anderson/SC, Bethlehem/PA, Broadview/IL, Charleston/SC, Charlotte/NC, Fairport/NY, Farmington Hills/MI, Florence/KY, Fort Lauderdale/FL, Fountain Inn/SC, Irvine/CA, Kentwood/MI, La Follette/TN, Mount Prospect/IL, New Bern/NC, New Richmond/WI, Owatonna/MI, Phoenix/AZ, Palo Alto/CA, Plymouth/MI, Warren/MI
Vietnam 3,028 associatesManufacture of automotive technology and creation of software; engineering, sales; location: Ho Chi Minh City
(as of December 31, 2016)This list includes countries and locations with 100 or more associates, including the locations of non-consolidated subsidiaries.
Further companies operate inBangladesh, Botswana, Cambodia, Ecuador, Egypt, Ghana, Iran, Israel, Kazakhstan, Kenya, Mozambique, Namibia, New Zealand, Nigeria, Panama, Sri Lanka, Tunisia, Uruguay, Venezuela, and Zambia.
Milestones
Robert Bosch is born in Albeck near Ulm on September 23
1861
in company history
1886Establishment of the company: opening of the Workshop for Precision Mechanics and Electrical Engineering in Stuttgart on November 15
1897
First successful installation of the Bosch low-voltage magneto ignition device in a motor vehicle
1902Delivery of the first high-voltage magneto ignition system with Bosch spark plugs
1898First Bosch sales office outside Germany opens in the United Kingdom
1905
First Bosch manufacturing site outside Germany opens in Paris
1912
Start of production in Bosch’s first U.S. plant, in Springfield, MA
1918
Gottlob Honold designs the new Bosch logo – the “armature in a circle”
1927
Start of production of Bosch injection pumps and nozzles for diesel engines
1921The first Bosch Service repair shop is opened in Hamburg
1913
At the main plant in Stuttgart, establishment of an apprentice training department with a dedicated workshop
Market launch of the Bosch automotive lighting system
1928
Market launch of the Forfex hair trimmer, the first Bosch power tool
1932First power drill and Bosch hammer
1933
Launch of the Bosch refrigerator
1932
Acquisition of heating systems business of Junkers & Co. GmbH in Dessau
Market launch of the first mass-produced car radio in Europe
Bosch today 2017 Milestones38 39
1942
Robert Bosch dies in Stuttgart on March 12
1951
Start of production of gasoline injection systems for passenger cars
1964
The not-for-profit organization Vermögens-verwaltung Bosch (from 1969 Robert Bosch Stiftung GmbH) acquires a majority stake in Robert Bosch GmbH
1976
Production of lambda sensors for three-way catalytic converters begins
1967
Start of production of the Jetronic electroni-cally controlled gasoline injection system
1979
Start of production of the Motronic electronic engine management system
1986
Start of production of the TCS traction control system
1989
Launch of TravelPilot IDS, the first independent vehicle navigation system in Europe
1991
Start of production of Motronic with controller area network (CAN)
1997
Start of production of the common-rail high-pressure diesel injection system
1995
Start of large-scale production of MEMS sensors (micro-electro-mechanical systems)
Start of production of ESP®, the world’s first electronic stability program
Bosch today 2017 Milestones40 41
1963
Acquisition of Erich Wetzel Verpackungsmaschinen GmbH, entry into packaging technology
1967Establishment of Bosch-Siemens Haus-geräte GmbH (known after 1998 as BSH Bosch und Siemens Hausgeräte GmbH and since 2015 as BSH Hausgeräte GmbH)
1978Start of production of ABS, the electronically controlled antilock braking system
1940Opening of the Robert Bosch Hospital
1999
ZF Lenksysteme GmbH joint venture (since 2015: Robert Bosch Automotive Steering GmbH) set up with ZF Friedrichshafen AG
2000
Production of the DI Motronic gasoline direct injection system
2003
Acquisition of Buderus AG, Wetzlar, Germany
2008
Establishment of the Bosch Mahle Turbo Systems GmbH & Co. KG joint venture for exhaust-gas turbochargers
Acquisition of Innovations Software Technology GmbH in Immenstaad, Germany (from January 1, 2011: Bosch Software Innovations GmbH)
2005
Start of production of the Night Vision driver assistance system
2010
Full parallel hybrid powertrain for passenger cars goes into production
Start of production of the predictive emergency braking system
2011
Start of production of drive components for e-bikes in Mondeville, France
2012
Bosch sets up a joint venture with the Chinese manufacturer Polaris, thus entering the e-scooter market
2014
Lithium Energy and Power GmbH & Co. KG joint venture set up to develop high-perfor-mance rechargeable batteries for electric vehicles
2015
Complete takeover of the former joint ventures BSH Hausgeräte GmbH (formerly BSH Bosch und Siemens Hausgeräte GmbH) and Robert Bosch Automotive Steering GmbH (formerly ZF Lenksysteme GmbH or the Steering Systems division)
2016
Bosch launches its own cloud for web-based services
2013
Start of production of MSC motorcycle stability control
Bosch today 2017 Milestones42 43
2001
Industrial leadership of Mannesmann Rexroth AG, and its merger with the Automation Technology division to form Bosch Rexroth AG
2016A Bosch e-scooter sharing service launches in Berlin under the Coup brand
2003Launch of the Ixo cordless drill/driver with lithium-ion rechargeable battery
2015Bosch opens new research campus in Renningen, Germany
Dr. Markus Heyn
Dr. Volkmar Denner
Christoph Kübel
Dr. Dirk Hoheisel
Dr. Werner Struth
Dr. Stefan Hartung
Dr. Rolf Bulander
Uwe Raschke Peter Tyroller
Prof. Stefan Asenkerschbaumer
Bosch today 2017 Management44 45
Board of management Supervisory board
Franz Fehrenbach Chairman
Alfred Löckle Deputy chairman
1 Until March 31, 2017
2 Until December 31, 20163 From January 1, 20174 From April 9, 20165 From July 1, 20166 Until April 8, 20167 Until June 30, 2016
Dr. Markus Heyn
Uwe Raschke
Dr. Stefan Hartung
Peter Tyroller
Dr. Werner Struth 1
Dr. Rolf Bulander
Dr. Dirk Hoheisel
Dr. Volkmar Denner Chairman
Prof. Stefan Asenkerschbaumer Deputy chairman
Christoph Kübel
Christiane Benner 2
Nadine Boguslawski 3
Dr. Christof BoschChristian BrunkhorstProf. Elgar Fleisch 4
Klaus FriedrichHartwig GeiselMario Gutmann 5
Jörg HofmannProf. Lars G. JosefssonProf. Michael Kaschke 4
Dieter KleinProf. Renate KöcherProf. Olaf Kübler 6
Matthias Georg Madelung
Kerstin MaiDr. Wolfgang MalchowUrs B. RinderknechtTilman Todenhöfer 6
Dr. Richard VogtProf. Beatrice Weder di MauroHans Wolff 7
Bosch today 201746
How to contact us
For press inquiries, contact Corporate Communications, Brand Management, and Sustainability.Bosch Media Service:bosch-press.com
For information on career opportunities in the Bosch Group, contact Human Resources Management at bosch-career.com
Companies wishing to become suppliers to Bosch should contact Corporate Sector Purchasing and Logistics at purchasing.bosch.com
For an online version of the annual report, go to: annual-report.bosch.com
A pdf version of the annual report and Bosch today is available at: bosch.com/boschtoday
The Bosch Group’s corporate headquarters can be contacted at the following address and telephone numbers:
Robert Bosch GmbH Postfach 10 60 5070049 Stuttgart
Phone +49 711 811- 0 [email protected] www.bosch.com
Print compensatedId-No. 1763652
www.bvdm-online.de
Printed in Germany
How to contact us / Five-year summary47
Five-year summary of the Bosch Group
Figures in millions of euros
2012 1 2013 2014 2015 2016
Sales revenue 44,703 46,068 48,951 70,607 73,129
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
Annual average number of associates (thousands) 273 280 286 369 384
of which in Germany 109 108 105 131 133
outside Germany 164 172 181 238 251
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
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Robert Bosch GmbH
Postfach 10 60 5070049 StuttgartGermanywww.bosch.com
