MOSCOW, April 17 (Bernama-Sputnik/RIA Novosti) -- German technology company Bosch, the world's largest automotive supplier, has posted a net loss of €400 million (US$471.4 million) for 2025, according to the Bild newspaper, which cited Chief Financial Officer Markus Forschner, reported Sputnik/RIA Novosti.
Meanwhile, in 2024, the company reported a net profit of approximately €1.3 billion (US$1.53 billion) after taxes, the report said on Thursday, adding that the last time Bosch reported a loss was in 2009.
Among the reasons for the group's loss in 2025, Forschner cited high personnel restructuring costs, which cost Bosch €2.7 billion (US$3.2 billion), as well as rising costs, exchange rate fluctuations, and United States (US) tariffs.
Bosch's competitiveness in the home appliance market has also been weakened by the economic situation, the report noted.
Consumers are increasingly holding back on purchasing refrigerators, ovens, power tools, and garden equipment, the report read.
Against this backdrop, the company's management, led by CEO Stefan Hartung, reportedly plans to offset the losses by cutting staff.
However, the company expects sales and operating profit to grow by 2-5 per cent and 4-6 per cent, respectively, in 2026, the report said.
-- BERNAMA-SPUTNIK/RIA NOVOSTI
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
