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2021-04-22 16:35:57 GMT2021-04-23 00:35:57(Beijing Time) Xinhua English
BERLIN, April 22 (Xinhua) In the Asia Pacific region, the early and strong market recovery in China cushioned the effects of the coronavirus pandemic in Bosch s business in 2020, the German engineering and technology company announced on Thursday.
Revenues of Bosch in the Asia Pacific region only fell by 2.6 percent year-on-year to 21.7 billion euros (26.1 billion U.S. dollars) in 2020, according to the company s annual report. Bosch came through the first year of the coronavirus pandemic well, said Volkmar Denner, chairman of the board of management of Bosch, at a press conference.
Total revenues declined by 6.4 percent year-on year to 71.5 billion euros last year, while earnings from operations before interest and taxes (EBIT) dropped to 2.0 billion euros, after 3.3 billion euros registered in 2019, the company noted.