Bosch Commercial and Industrial Heating registered significant growth last year, with its year-on-year sales increasing by 28%, according to the company.
According to preliminary figures, the Bosch Group increased its sales by 6.2% in 2014, to €48.9 billion.
‘Despite difficult economic conditions, we managed to meet our business targets for 2014,’ said Dr Volkmar Denner, chairman of the board of Robert Bosch GmbH. Denner added: ‘Our innovation strategy is paying off. Our business success over the past year is proof of this. In 2014 we further improved our market position and competitiveness in many areas.’
In Europe, the sales of the supplier of technology and services grew by some 2% in spite of the economic difficulties the region is experiencing, while 2014 also saw demand for its CHP modules and industrial and commercial boilers (pictured) improve.
Geoff Hobbs, business development director at Bosch Commercial and Industrial Heating, reportedly said: ‘2014 was a successful year for our business and demand for our vast portfolio of technologies has never been higher.’