Automotive supplier Bosch reported a sharp drop in its operating profit over the past year. The operating result almost halved, falling to about €1.7 billion, the company announced on Friday. CEO Stefan Hartung described 2025 as difficult and, at times, painful. The group struggled with missing sales, adverse currency movements and the costs of a large‑scale job‑cut program.
Bosch plans to eliminate more than 20,000 positions in Germany, a move that weighed on the company’s balance sheet with a €2.7 billion hit last year. Management expects only a turnaround from 2027, and even then, improvement will be limited to certain markets. In the Mobility division, rising competition and challenging macro‑economic conditions continue to pressure the business.
