Bosch reorganizes mobility unit with focus on automotive software

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For 2023, Bosch expects 6 percent to 9 percent revenue growth from 88.2 billion euros in 2022 and an EBIT (earnings before interest and taxes) margin of 5 percent, up from 4.3 percent in 2022. The main growth drivers will be the cars and heating systems businesses, Bosch said.

CEO Stefan Hartung said new business in both areas is a result of the transformation of energy systems to protect the climate creates.

The 2022 figures represented an across-the-board improvement over…

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