Bosch in Ukraine saw a 19% rise in sales in Ukraine in 2018 compared with the previous year, to almost EUR 90 million, the company said in a press release on Tuesday.
As reported, the initial sales forecast for the company this year planned at least 15% growth.
“Last year was successful for the company, all directions showed a good result, which allowed us to reach the pre-crisis level and significantly improve overall profitability in euros,’ Director General of Robert Bosch Ltd Vitaliy Bulda said.
According to him, “positive business development” is also expected in the current year, based on the results of the first quarter.
According to the company, in 2018, all business areas showed a positive development, in particular the Mobility Solutions sector, which is mainly represented by the auto parts division, significantly increased, the industrial technologies and electric tools divisions significantly increased, and in the construction technologies sector the growth was 75%.
The Bosch Auto Service network, according to the company, remains the largest independent network of car maintenance stations in Ukraine. Today it unites 108 stations (a year ago 104): 92 Bosch Car Service stations and 16 Bosch Diesel Service stations.
The Thermotechnology division continued its participation in the energy efficiency program developed by the European Bank for Reconstruction and Development (EBRD), which allows end users to have compensation for 35% of the cost of energy efficient housing upgrades.
Bosch in Ukraine has also implemented several innovative projects, in particular, on installing solar cell batteries on the roof of a sports complex, shopping centers, and business centers.
