German automaker Bosch is posting annual losses for the first time since 2009

In 2025, the Bosch Technology Group recorded a loss for the first time in years, as announced by Marcus Furchner, the group’s chief financial officer, during the presentation of the balance sheet. He said that Bosch recorded a post-tax loss of 400 million euros.

Bosch’s post-tax profits had already fallen by half in 2024 compared with 2023, although they stabilized at around 1.3 billion euros. According to a company spokesperson, the last time Bosch recorded losses was in 2009 during the global financial crisis.

Spending related to job cuts is considered the main driver behind this decline. The company said these costs negatively affected results by roughly 2.7 billion euros, most of which took the form of large provisions that will be spent gradually in the coming years.

Other factors also contributed to the deterioration, including currency-exchange effects, higher costs, and additional customs duties.

Furchner said these indicators, taken together, reflect a picture strongly shaped by exceptional, special factors linked to conditions that may occur only once, rather than by the actual trajectory of business performance.

Although adjusted profits before interest and taxes (operating profits) also fell by about 42%, they remained positive at roughly 1.8 billion euros.

As for sales, they rose slightly to reach 91 billion euros, but they are still far below the company’s expectations—especially since Bosch has already postponed achieving its long-term targets.

In a related context, the difficult economic conditions have weighed heavily on Bosch over the past year. The world’s largest supplier of automotive parts is suffering not only in its core business but also in most of its other lines of activity.

For example, many consumers are refraining from buying products such as refrigerators, ovens, and washing machines, as well as electrical appliances and garden equipment, due to reduced purchasing power and current economic conditions.