Bosch Security reports increase of eight percent In 2007

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Tuesday, July 1, 2008

OTTOBRUNN, Germany--Bosch Security Systems announced sales of security and communication systems and services increased by eight percent to $2 billion in 2007, excluding currency effects. More than 60 percent of these sales were generated outside Germany. The Asia-Pacific region, South America and Eastern Europe were regions of growth in 2007, with Asia being the most dynamic region. In India and Japan alone, Bosch increased its sales by more than 35 percent. The growth in sales in Europe, excluding currency effects, was seven percent; in America it amounted to five percent.

At the beginning of 2008, Bosch Security Systems had a total of 10,800 associates worldwide, roughly 500 more than the previous year. The expansion continued predominantly in Asia and the communication service sector. The number of associates in Germany rose by approximately 50, to a total of about 4,700 associates.

“We want to continue this strong double-digit growth in Asia in 2008 as well,” said Uwe Glock, president of Bosch Security Systems, in a statement.