Bosch's revenue grew 12% last year, but its automotive and smart traffic technology profit margins were at the bottom

According to Bosch Group's 2022 financial report, the company's total revenue reached 88.2 billion euros, a year-on-year increase of 12%. Among them, automotive and intelligent transportation technology achieved sales of 52.6 billion euros, accounting for nearly 60%, a year-on-year increase of 16%. However, despite the increase in sales, the profit margin of automotive and intelligent transportation technology was only 3.4%, ranking last among all businesses.