Overview
- Bosch, which presented full-year results on Thursday, reported a net loss of about €400 million for 2025 in its first annual loss since the financial crisis.
- Large provisions for a company-wide downsizing program totaled €2.7 billion and drove the result, with most cash payouts for severance to follow over several years.
- Operating profit fell about 42% to roughly €1.8 billion as revenue held near €91 billion, leaving the group short of its own targets.
- The restructuring centers on deep cuts in the supplier division of up to 22,000 roles and further reductions at BSH home appliances and power tools, with Germany losing about 6,700 jobs to roughly 123,000.
- For 2026, Bosch projects sales growth of 2% to 5% and an operating margin of 4% to 6%, while citing pressure from U.S. tariffs, tougher Chinese competition, and weak demand for household goods.