Bosch PH 2016 sales up 13% on strong demand

GLOBAL supplier of technology and services Bosch said on Monday it posted double-digit growth in consolidated sales in the Philippines in its 2016 fiscal year, driven by strong performance across the company’s wide range of products offered to the consumers.

Bosch reported sales of $56 million (51 million euros, P2.8 billion) for 2016, up 13 percent from the previous year, on the back of high demand for its construction, automotive and manufacturing solutions and increased consumer spending power amid steady economic growth.