The German Bosch Group has unveiled its 2024 financial statements, highlighting steady growth in its Consumer Goods sector, represented by BSH Hausgeräte. The division recorded a 1.6% increase in turnover, reaching €20.3 billion, with a 2.9% growth rate when adjusted for exchange rate effects. However, its EBIT margin declined slightly to 3.5%, compared to 4.5% in 2023. 

Despite economic uncertainties, Bosch remains optimistic, anticipating strong demand for new product features to drive future expansion in the Consumer Goods segment. A major innovation on the horizon is the adoption of the Matter connectivity standard for household appliances. This year, BSH Hausgeräte will introduce the first-ever refrigerator-freezer with Matter functionality, enabling seamless and secure integration between devices from different brands. 

Additionally, Bosch is expanding its global manufacturing footprint, with its first appliance factory in Africa. “To better meet regional demand, we are launching production in Egypt,” stated Hartung. The new plant will manufacture up to 350,000 ovens annually, catering to consumers across Africa and the Middle East. 

Bosch’s latest advancements reinforce its commitment to innovation, accessibility, and global market expansion, positioning the company for sustained success in the evolving home appliance industry