Bosch's revenue fell for the first time in Q1 2024

Bosch pointed out in its performance release that revenue in the first quarter of 2024 fell for the first time, by 0.8%, and the business outlook is expected to remain sluggish during the year. Bosch Group Chief Financial Officer Dr. Markus Forschner emphasized that given the current economic environment, global automobile production is expected to stagnate in 2024, and the challenges faced are comparable to those in 2023.