Bosch Rexroth reported a 13.6 percent drop in sales for 2024, generating €6.5 billion, as weak global demand weighed on performance. Order intake also declined by 4.9 percent to €6.1 billion.
Dr Steffen Haack, CEO of Bosch Rexroth, says: “2024 was a challenging year, as expected. We are currently seeing that the situation is stabilizing and are already working on being prepared for when the business picks up.
“We are looking ahead and want to emerge from this phase stronger than before in order to remain successful even in a difficult environment.”
The company saw sales decline in all major regions. Germany and the rest of Europe were hit hardest, with revenues down around 19 percent.
Sales in North and South America dropped by 13 percent, while Asia-Pacific remained comparatively stable, slipping just under 1 percent.
To adapt, Bosch Rexroth is restructuring operations in China, the Americas, and Germany. It is also sharpening its focus on growth sectors such as battery production, semiconductors, and consumer goods within its Factory Automation division.
Despite the downturn, the company invested €460 million in research and development during the year. Innovations unveiled include cryopumps for hydrogen refueling stations and the AI-powered Hydraulic Hub platform.
Customer satisfaction improved in 2024, with Bosch Rexroth citing strong performance in product quality and delivery reliability. The company closed the year with around 32,600 employees worldwide.
