World & BusinessBosch reaffirms full-year outlook despite pressure on profitability
Bloomberg reports that first-half sales rose, even as stagnating automotive production and weaker-than-expected electric-vehicle demand weighed on profitability.
TLDR
Robert Bosch kept its full-year outlook unchanged after first-half sales rose, Bloomberg reports. The company’s profitability faced pressure from stagnating automotive production and weaker-than-expected demand for electric vehicles.
Bosch reaffirms full-year outlook despite pressure on profitability
Bloomberg reports that first-half sales rose, even as stagnating automotive production and weaker-than-expected electric-vehicle demand weighed on profitability.
TLDR
Robert Bosch kept its full-year outlook unchanged after first-half sales rose, Bloomberg reports. The company’s profitability faced pressure from stagnating automotive production and weaker-than-expected demand for electric vehicles.