Bosch Packaging Technology cracks €1bn mark

Tuesday, 25 March, 2014

Bosch Packaging Technology has announced it broke the €1 billion sales mark for the first time. The company increased its sales in fiscal 2013 from €914 million to €1.1 billion, a rise of 22%.

Adjusted for consolidation effects, that equates to growth of 6.4%. Leaving aside exchange rate effects, internal growth at Packaging Technology reached 10%. By comparison, figures from the German association of mechanical engineers (VDMA) put growth in the German packing machinery industry at only 4%.

The company will present further details of its performance in 2013 at its annual press conference at the Interpack trade fair in Düsseldorf at 10.00 am on 8 May.

“We are exactly on track,” said Friedbert Klefenz, President of Bosch Packaging Technology.

“We expect to maintain our growth rate in the current business year as well and reach the target we have set ourselves of €1.5 billion in sales by 2015.”

In addition to its main markets of Europe and North America, the company posted above-average growth in Asia, while the African and Middle Eastern markets continue to gain in importance.

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