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TRANSCRIPT
Rob
ert B
osch
Gm
bHR
ober
t-B
osch
-Pla
tz 1
D-7
0839
Ger
linge
n-S
chill
erhö
he
Mai
ling
addr
ess:
Pos
tfach
10
6050
D-7
0049
Stu
ttga
rt
Tele
phon
e+
49 7
11 8
11-0
Fax
+49
711
811
-66
30
ww
w.b
osch
.com
1987782130 – Printed in Germany
Ann
ual R
epor
t20
01
a
a
Bos
ch G
roup
7Fr
ont p
age
illus
tratio
n:O
ne h
undr
ed y
ears
ago
,on
Jan
uary
7, 1
902,
we
rece
ived
a p
aten
t on
asy
stem
com
bini
ng a
spar
k pl
ug w
ith a
hig
h-vo
ltage
mag
neto
. Thi
sig
nitio
n m
ade
a de
cisi
veco
ntrib
utio
n to
the
relia
bilit
y of
the
gaso
line
engi
ne a
nd th
us to
the
popu
larit
y of
the
auto
-m
obile
.
Her
e: A
spa
rk p
lug
with
four
gro
und
elec
trode
sfo
r dire
ct-in
ject
ion
gaso
-lin
e en
gine
s. T
he e
lec-
trode
s ar
e fo
rmed
from
an a
lloy
cont
aini
ngyt
trium
. Thi
s is
a “
rare
earth
”, an
d en
dow
s th
esp
ark
plug
with
its
out-
stan
ding
resi
stan
ce to
heat
and
wea
r.
Rob
ert B
osch
Gm
bH, S
tuttg
art
Orig
inat
ed a
s th
e “W
orks
hop
for P
reci
sion
Mec
hani
cs a
nd E
lect
rical
Eng
inee
ring”
fo
unde
d by
Rob
ert B
osch
in S
tuttg
art i
n 18
86
Res
pons
ible
for a
tota
l of 2
18 s
ubsi
diar
ies,
of
whi
ch 3
4 ar
e do
mes
tic a
nd th
e re
mai
ning
184
are
situ
ated
out
side
Ger
man
y
Ow
ners
: R
ober
t Bos
ch S
tiftu
ng G
mbH
, Stu
ttgar
t, 92
%B
osch
fam
ily, 8
%R
ober
t Bos
ch In
dust
rietr
euha
nd K
G,
Stu
ttgar
t, ex
ecut
ion
of th
e en
trep
rene
uria
l ow
ners
hip
func
tions
3
Tabl
e of
Con
tent
s
Pag
e
Key
Fig
ure
s4
Intr
od
uct
ion
5
Su
per
viso
ry C
ou
nci
l6
Su
per
viso
ry C
ou
nci
l Rep
ort
7
Bo
ard
of
Man
agem
ent
8
Sen
ior
Man
agem
ent
10
Man
agem
ent
Rep
ort
12
Au
tom
oti
ve T
ech
no
log
y B
usi
nes
s S
ecto
r22
Ind
ust
rial
Tec
hn
olo
gy
Bu
sin
ess
Sec
tor
30
Co
nsu
mer
Go
od
s an
d B
uild
ing
Tec
hn
olo
gy
Bu
sin
ess
Sec
tor
34
Inte
rnat
ion
al B
usi
nes
s38
Res
earc
h a
nd
Dev
elo
pm
ent
42
En
viro
nm
enta
l Pro
tect
ion
44
Em
plo
yees
of
the
Bo
sch
Gro
up
46
Fin
anci
al S
tate
men
ts o
f th
e B
osc
h G
rou
p W
orl
dw
ide
50
Maj
or
Co
mp
anie
s o
f th
e B
osc
h G
rou
p W
orl
dw
ide
68
Fin
anci
al S
tate
men
ts o
f R
ob
ert
Bo
sch
Gm
bH
70
Ten
Yea
r S
tati
stic
s B
osc
h G
rou
p W
orl
dw
ide
72
5
Intro
duct
ion
To o
ur b
usin
ess
part
ners
and
frie
nds
I ad
dres
s m
ysel
f to
you
here
per
sona
lly fo
r th
e fir
st ti
me
to p
rese
nt to
you
our
2001
ann
ual r
epor
t. O
ur c
ompa
ny o
vera
ll ha
s gr
own
stro
ngly
dur
ing
the
past
few
yea
rs, n
ow e
mpl
oys
arou
nd 2
21,0
00 p
eopl
e w
orld
wid
e, i
s su
cces
sful
with
futu
rist
ic in
nova
tions
and
has
at i
ts d
ispo
sal a
wor
ldw
ide
netw
ork
of c
usto
mer
san
d su
pplie
rs, w
hich
is la
rger
and
clo
ser k
nit t
han
ever
bef
ore.
To
keep
and
con
-tin
ue t
o ex
pand
thi
s po
sitio
n is
our
con
stan
t ch
alle
nge.
The
coo
pera
tion
and
trus
t of
our
wor
ldw
ide
part
ners
and
the
hig
h le
vel
of c
omm
itmen
t of
our
empl
oyee
s su
ppor
t us
in th
is e
ndea
vor
– w
e th
ank
you
for
this
.
The
yea
r 20
01 d
id n
ot li
ve u
p to
our
exp
ecta
tions
. As
with
mos
t com
pani
es, w
ew
ere
also
una
ble
to a
void
the
cons
eque
nces
of t
he w
orld
wid
e re
cess
ion.
Mor
eth
an t
hat
we
wer
e af
fect
ed b
y th
e te
rror
atta
cks
of S
epte
mbe
r 11
in
the
U.S
.T
hey
show
ed u
s ho
w d
iffic
ult
it is
the
se d
ays
to g
uara
ntee
bot
h fr
eedo
m a
ndse
curi
ty i
n sy
stem
s w
hich
are
ope
n to
the
wor
ld,
and
how
muc
h ou
r co
ntri
-bu
tion
as a
n in
tern
atio
nal
ente
rpri
se i
s re
quir
ed t
o fu
rthe
r ex
pand
and
fos
ter
fair
bus
ines
s re
latio
ns w
orld
wid
e.
We
finis
hed
the
year
200
1 w
ith s
ales
of
34 b
illio
n eu
ro. T
he 8
% g
row
th c
ame
prim
arily
fro
m n
ew c
onso
lidat
ions
, es
peci
ally
of
Rex
roth
. T
he w
eak
inte
rnal
grow
th a
lso
sque
ezed
the
prof
it de
velo
pmen
t, m
akin
g it
impo
ssib
le to
get
clo
ser
to o
ur lo
ng-te
rm p
rofit
abili
ty g
oal.
We
do n
ot e
xpec
t 200
2 to
bri
ng a
not
icea
ble
impr
ovem
ent
of t
he o
vera
ll ec
onom
y. H
owev
er,
we
wan
t to
bet
ter
our
net
inco
me.
Our
bus
ines
s st
rate
gies
rem
ain
the
sam
e. W
e w
ill n
ot r
educ
e th
e sp
eed
with
whi
ch w
e in
nova
te, a
nd w
e w
ill c
ontin
ue to
inve
st s
igni
fican
tly in
res
earc
h an
dde
velo
pmen
t in
ord
er t
o st
ay t
echn
olog
ical
ly a
t th
e fo
refr
ont
in a
ll ar
eas
inw
hich
we
oper
ate.
We
will
als
o pe
rsis
tent
ly fo
llow
the
goal
of r
each
ing
an e
ven
bette
r ba
lanc
e am
ong
our
vari
ous
busi
ness
sec
tors
con
com
itant
with
gre
ater
grow
th, e
spec
ially
in N
orth
Am
eric
a an
d A
sia.
Tha
t will
als
o re
quir
e ad
ditio
nal
acqu
isiti
ons.
The
gre
ates
t gro
wth
pot
entia
l will
con
tinue
to li
e in
the
ente
rpri
seits
elf
and
in t
he c
ompe
tenc
e an
d co
mm
itmen
t of
our
em
ploy
ees.
Our
mos
tim
port
ant
conc
ern
is t
o ev
en f
urth
er e
nhan
ce t
he l
evel
of
satis
fact
ion
of o
ur
curr
ent c
usto
mer
s an
d to
gai
n ne
w c
usto
mer
s fo
r ou
r pr
oduc
ts.
Her
man
n Sc
holl
4
Key
Fig
ures
(mill
ion
euro
)
Bos
ch G
roup
Wor
ldw
ide
2001
20
00
Sal
es34
,029
31,5
56pe
rcen
tage
cha
nge
from
prio
r yea
r+
7.8
+13
Fore
ign
sale
sas
a p
erce
ntag
e of
sal
es72
72
Res
earc
h an
d de
velo
pmen
t exp
ense
2,27
42,
030
as a
per
cent
age
of s
ales
6.7
6.4
Inve
stm
ents
in ta
ngib
le fi
xed
asse
ts2,
368
2,11
1as
a p
erce
ntag
e of
dep
reci
atio
n12
311
8
Num
ber
of e
mpl
oyee
sav
erag
e fo
r the
yea
r21
8,37
719
6,88
0as
of J
anua
ry 1
, 200
2/20
0122
0,99
919
8,66
6
Tota
l ass
ets
27,7
8324
,504
Equ
ity c
apita
l9,
014
8,28
8as
a p
erce
ntag
e of
tota
l ass
ets
3234
Net
inco
me
for
the
year
650
1,38
01
Una
ppro
pria
ted
earn
ings
(Div
iden
ds o
f Rob
ert B
osch
Gm
bH)
502,
6031
1S
peci
al e
ffec
t of “
pay-
out-
and-
rein
vest
” pro
cedu
re
at R
ober
t Bos
ch G
mbH
7
Sup
ervi
sory
Cou
ncil
Rep
ort
In r
egul
ar m
eetin
gs,
the
Supe
rvis
ory
Cou
ncil
kept
its
elf
info
rmed
abo
ut t
hepr
ogre
ss o
f bu
sine
ss a
nd t
he c
ompa
ny’s
situ
atio
n. B
usin
ess
deve
lopm
ents
,fin
anci
al s
ituat
ion
and
inve
stm
ent p
lans
, as
wel
l as
new
tech
nica
l dev
elop
men
tsw
ere
pres
ente
d an
d di
scus
sed
in d
etai
l. R
epor
ting
and
disc
ussi
on in
clud
ed a
llim
port
ant c
ompa
nies
of t
he B
osch
Gro
up. W
ritte
n m
onth
ly r
epor
ts b
roug
ht th
eSu
perv
isor
y C
ounc
il up
to
date
on
curr
ent
busi
ness
dev
elop
men
ts.
Spec
ial
even
ts w
ere
cove
red
in n
ewsl
ette
rs.
Ern
st&
Youn
g D
euts
che
Allg
emei
ne
Treu
hand
A
G,
Stut
tgar
t, au
dite
d th
eac
coun
ting
and
finan
cial
sta
tem
ents
of R
ober
t Bos
ch G
mbH
, the
con
solid
ated
finan
cial
sta
tem
ents
of
the
Bos
ch G
roup
and
the
con
dens
ed m
anag
emen
tre
port
. T
he a
udito
rs i
n al
l ca
ses
gave
the
ir u
nqua
lifie
d op
inio
n. T
he S
uper
-vi
sory
Cou
ncil
conc
urs
with
the
audi
t fin
ding
s, w
ithou
t obj
ectio
ns, a
nd r
ecom
-m
ends
that
the
shar
ehol
ders
app
rove
the
finan
cial
sta
tem
ents
of R
ober
t Bos
chG
mbH
and
fol
low
the
pro
posa
l of
the
Boa
rd o
f M
anag
emen
t fo
r th
e di
spo-
sitio
n of
net
inco
me.
As
of D
ecem
ber
31, 2
001,
Ola
f Kun
z le
ft th
e Su
perv
isor
y C
ounc
il. T
he C
oun-
cil
expr
esse
s its
tha
nks
to h
im f
or h
is c
onst
ruct
ive
wor
k. J
ürge
n U
lber
was
appo
inte
d as
new
mem
ber
of t
he C
ounc
il by
dec
isio
n of
the
Stu
ttgar
t co
urt
date
d Ja
nuar
y 2,
200
2.
Step
han
Roj
ahn
left
the
Boa
rd o
f M
anag
emen
t of
Rob
ert
Bos
ch G
mbH
on
Nov
embe
r 15
, 20
01,
at h
is o
wn
requ
est.
The
Sup
ervi
sory
Cou
ncil
than
ks
him
for
his
man
y ye
ars
of w
ork
for
the
com
pany
. Rai
ner
Hah
n re
tired
Dec
em-
ber
31, 2
001,
afte
r a
long
, man
y-fa
cette
d an
d su
cces
sful
car
eer
on th
e B
oard
of
Man
agem
ent.
The
Sup
ervi
sory
Cou
ncil
expr
esse
s its
gra
titud
e to
him
.
At
its m
eetin
g on
Nov
embe
r 29
, 200
1, t
he S
uper
viso
ry C
ounc
il, a
ctin
g on
the
reco
mm
enda
tion
of t
he s
hare
hold
ers,
app
oint
ed W
olfg
ang
Dre
es a
nd P
eter
Mar
ks d
eput
y m
embe
rs o
f the
Boa
rd o
f Man
agem
ent e
ffect
ive
Janu
ary
1, 2
002.
Kur
t Lie
dtke
, Exe
cutiv
e V
ice
Pres
iden
t, w
as a
ppoi
nted
as
a fu
ll m
embe
r of
the
Boa
rd o
f Man
agem
ent,
also
effe
ctiv
e Ja
nuar
y 1,
200
2.
Ear
lier,
dur
ing
its m
eetin
g of
Jun
e 28
, 200
1, th
e C
ounc
il ha
d fo
llow
ed th
e re
c-om
men
datio
ns o
f the
sha
reho
lder
s an
d ap
poin
ted
the
form
er d
eput
y m
embe
rsof
the
Boa
rd o
f M
anag
emen
t, B
ernd
Boh
r, W
olfg
ang
Chu
r an
d Fr
anz
Fehr
en-
bach
, to
full
mem
bers
of t
hat B
oard
.
Stut
tgar
t, A
pril
2002
For
the
Supe
rvis
ory
Cou
ncil
Dr.-
Ing.
Wol
fgan
g E
ychm
ülle
rC
hair
man
6Sup
ervi
sory
Cou
ncil
Dr.-
Ing.
Wol
fgan
g E
ychm
ülle
r,U
lm/D
onau
,C
hairm
anC
hairm
an o
f the
Sup
ervi
sory
Cou
ncil
of W
iela
nd-W
erke
AG
Wal
ter B
auer
, Koh
lber
g,D
eput
y C
hairm
anC
hairm
an o
f the
Joi
nt S
hop
Cou
ncil
of R
ober
t Bos
ch G
mbH
as
wel
l as
of
the
Com
bine
d S
hop
Cou
ncil,
and
C
hairm
an o
f the
Sho
p C
ounc
il of
the
Reu
tling
en P
lant
Dr.
jur.
Pet
er A
dolff
, Stu
ttgar
t,fo
rmer
Mem
ber o
f the
Boa
rd o
fM
anag
emen
t of A
llian
z Ve
rsic
he-
rung
s-A
ktie
nges
ells
chaf
t
Knu
t Ang
sten
berg
er, S
tuttg
art,
Dep
artm
ent M
anag
er in
the
Die
sel S
yste
ms
Div
isio
n, a
nd
Cha
irman
of t
he J
oint
Spe
aker
G
roup
of R
ober
t Bos
ch G
mbH
and
of
the
Gro
up S
peak
er C
omm
ittee
Dr.
h.c.
Bo
Erik
Ber
ggre
n, S
tock
holm
, fo
rmer
Cha
irman
of t
he B
oard
of
Dire
ctor
s an
d C
hief
Exe
cutiv
e O
ffic
er o
f The
Sto
ra K
oppa
rber
get
Cor
p.
Hen
ning
Blu
m, H
ildes
heim
,(a
s of
Jan
uary
18,
200
1)C
hairm
an o
f the
Sho
p C
ounc
il of
the
Hild
eshe
im P
lant
and
M
embe
r of t
he J
oint
Sho
p C
ounc
il of
Rob
ert B
osch
Gm
bH
Dr.
jur.
Ulri
ch C
arte
llier
i, Fr
ankf
urt,
Mem
ber o
f the
Sup
ervi
sory
C
ounc
il of
Deu
tsch
e B
ank
AG
Rut
h Fi
sche
r-P
usch
, Stu
ttgar
t,Tr
ade
Uni
ons
of th
e M
etal
Indu
stry
, D
istr
ict M
anag
emen
t B
aden
-Wür
ttem
berg
Dr.
jur.
Kar
l Gut
brod
, Stu
ttgar
t,fo
rmer
Mem
ber o
f the
Boa
rd o
f M
anag
emen
t of R
ober
t Bos
ch G
mbH
Die
ter K
lein
, Wol
fers
heim
,C
hairm
an o
f the
Sho
p C
ounc
ilof
the
Hom
burg
Pla
nt o
f R
ober
t Bos
ch G
mbH
and
Mem
ber
of th
e Jo
int S
hop
Cou
ncil
of
Rob
ert B
osch
Gm
bH
Die
ter K
raus
e, H
ildes
heim
,C
hairm
an o
f the
Sho
p C
ounc
ilof
Bla
upun
kt G
mbH
, Hild
eshe
im
Ola
f Kun
z, Fr
ankf
urt,
(unt
il D
ecem
ber 3
1, 2
001)
Man
agin
g D
irect
or o
f the
Tra
de
Uni
ons
of th
e M
etal
Indu
stry
, D
epar
tmen
t for
Uni
on P
olic
y
Pro
f. G
ero
Mad
elun
g, M
unic
h,fo
rmer
ly T
echn
ical
Uni
vers
ity M
unic
hC
hair
of A
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nolo
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ans-
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irect
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nck-
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itute
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olid
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inde
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agin
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nt S
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ober
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ch G
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and
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hop
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s P
eter
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l, R
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irman
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he B
oard
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anag
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lber
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anua
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agin
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irect
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s W
olff
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nt S
hop
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ober
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ch G
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ert Z
imm
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ttgar
t,fo
rmer
Mem
ber o
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rd o
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anag
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t of R
ober
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chG
mbH
98
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rd o
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us D
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rees
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r M
arks
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1110
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anag
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ay1,
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US
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ain
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ger J
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etle
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z
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ichl
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ohle
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rees
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yer
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hler
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pp1
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erg
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yste
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olze
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eter
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ick
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rles
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onti
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lectr
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olze
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bert
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min
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ang
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eter
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ick
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r M
ult
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fgan
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alch
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fan
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nker
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teric
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tto M
ayer
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f-H
enni
ng S
chei
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tom
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ctr
on
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tin Z
echn
all1
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lkm
ar D
enne
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sef E
vers
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tom
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ve
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erm
ark
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onra
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ecke
rR
upre
cht H
amm
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stria
l Tec
hnol
ogy
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sch
Rexro
th
Win
frie
d W
itte1
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ert H
iero
nim
us1
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fred
Gru
ndke
Ger
hard
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mel
1
Meh
met
Var
lik
Pa
ck
ag
ing
Te
ch
no
log
y
Frie
dber
t Kle
fenz
Geb
hard
Kön
igFr
anz
Thor
en
Con
sum
er G
oods
and
Bui
ldin
g Te
chno
logy
Po
we
r To
ols
Alfr
ed O
dend
ahl1
Bor
is G
leiß
ner
Uw
e R
asch
ke1
Th
erm
ote
ch
no
log
y
Joac
him
Ber
ner1
Han
s-D
iete
r Eck
hard
tK
laus
Hut
telm
aier
Se
cu
rity
Te
ch
no
log
y
Uw
e G
lock
Chr
isto
f Zie
gler
Pet
er R
ibin
ski
Bro
ad
ba
nd
Ne
two
rks
Rei
ner B
eute
l
7 Tech
nica
l dis
cuss
ion
atan
info
rmat
ion
sem
inar
on m
oder
n di
esel
tech
-no
logy
. In
the
pict
ure
(from
righ
t to
left)
: H
erm
ann
Sch
oll,
Cha
ir-m
an o
f the
Boa
rd o
fM
anag
emen
t, in
con
-ve
rsat
ion
with
Kur
tLi
edtk
e, M
embe
r of t
heB
oard
of M
anag
emen
t,an
d K
laus
Boh
ler,
Exe-
cutiv
e Vi
ce P
resi
dent
Die
sel S
yste
ms
divi
sion
.
Nam
es in
bol
d pr
int:
Pre
side
nts
of th
e D
ivis
ions
Exe
cutiv
e M
anag
emen
tof
Div
isio
ns a
nd S
ubsi
diar
ies
1A
t the
sam
e tim
e S
enio
r Dire
ctor
of
Rob
ert B
osch
Gm
bH2
At t
he s
ame
time
Exe
cutiv
e Vi
ce P
resi
dent
(Div
isio
ns)
Exe
cutiv
e M
anag
emen
t of
sele
cted
Reg
iona
l Sub
sidi
arie
s
13
The
gre
ates
t con
trib
utio
n to
gro
wth
in a
utom
otiv
e te
chno
logy
cam
e, a
s in
pri
orye
ars,
fro
m E
urop
ean
dies
el-s
yste
ms
sale
s. T
he s
hare
of
dies
el-p
ower
ed v
e-hi
cles
in
new
reg
istr
atio
ns o
f pa
ssen
ger
auto
mob
iles
in W
este
rn E
urop
e ro
sefu
rthe
r fr
om 3
2%
to
36%
, aid
ed s
igni
fican
tly b
y ou
r ne
w h
igh-
pres
sure
inje
c-tio
n te
chno
logy
. W
e al
so a
chie
ved
com
para
tivel
y hi
gh r
ates
of
grow
th i
n ou
ran
tiloc
k br
akin
g sy
stem
s (A
BS)
, ele
ctro
nic
stab
ility
pro
gram
(E
SP)
and
in v
e-hi
cle
navi
gatio
n bu
sine
ss.
Sale
s of
con
sum
er g
oods
and
bui
ldin
g te
chno
logy
am
ount
ed to
7.6
bill
ion
euro
in 2
001.
Inc
ludi
ng n
ew f
irst
-tim
e co
nsol
idat
ed u
nits
, sal
es i
ncre
ased
by
2.3
%.
Sign
ifica
nt g
row
th w
as e
spec
ially
ach
ieve
d w
ith s
ecur
ity-te
chno
logy
pro
duct
s.W
e w
ere
also
ple
ased
at
the
way
in
whi
ch t
he b
road
band
net
wor
k bu
sine
ssde
velo
ped.
How
ever
, the
pow
er to
ols,
ther
mot
echn
olog
y an
d ho
useh
old-
appl
i-an
ces
busi
ness
es w
ere
on t
he s
kids
. A
s in
pri
or y
ears
, it
was
par
ticul
arly
the
dom
estic
sal
es w
hich
wer
e w
eak.
Tha
nks
to m
any
new
and
inno
vativ
e pr
oduc
tsw
e st
ill m
anag
ed t
o ke
ep o
r ev
en e
xpan
d m
arke
t po
sitio
ns, p
rovi
ding
a g
ood
plat
form
for
the
futu
re.
12
Man
agem
ent R
epor
t
Bus
ines
s de
velo
pmen
t mee
ts e
cono
mic
hea
dwin
dT
he w
orld
wid
e ec
onom
ic e
nvir
onm
ent
in 2
001
turn
ed o
ut l
ess
posi
tive
than
expe
cted
. Afte
r ha
ving
wea
kene
d pr
ogre
ssiv
ely
duri
ng th
e fir
st h
alf o
f the
yea
r,th
e ge
nera
l bu
sine
ss c
limat
e w
as f
urth
er s
trai
ned
by t
he t
erro
r at
tack
s of
Sep
-te
mbe
r 11
, 200
1. W
orld
wid
e ec
onom
ic g
row
th d
ecre
ased
fro
m a
bout
4.5
% i
n20
00 t
o on
ly a
bout
1.5
% i
n 20
01.
Wor
ldw
ide
auto
mob
ile p
rodu
ctio
n at
the
sam
e tim
e sh
rank
by
4%
, with
the
larg
est r
educ
tion
taki
ng p
lace
in th
e N
AFT
Aar
ea.
Aga
inst
this
bac
kgro
und,
the
incr
ease
in s
ales
of o
ur G
roup
in 2
001
by 7
.8%
to34
bill
ion
euro
was
pri
mar
ily th
e re
sult
of a
dditi
ons
to th
e co
nsol
idat
ed g
roup
.A
maj
or c
ompo
nent
of t
his
was
the
incl
usio
n of
Rex
roth
for
part
of t
he y
ear.
The
wea
k in
tern
al g
row
th w
as c
ause
d pr
inci
pally
by
sale
s lo
sses
out
side
Eur
ope.
The
mai
n in
fluen
ce h
ere
was
the
slow
dow
n in
the
US
econ
omy,
whi
chal
so n
egat
ivel
y af
fect
ed g
row
th in
Lat
in A
mer
ica
and
man
y A
sian
cou
ntri
es. I
nco
ntra
st, o
ur E
urop
ean
sale
s –
still
app
roxi
mat
ely
65%
of
our
tota
l bus
ines
s –
grew
inte
rnal
ly b
y ab
out 3
%, f
avor
ed b
y a
still
sta
ble
auto
mob
ile b
usin
ess,
but
abov
e al
l by
a co
ntin
uing
str
ong
grow
th r
ate
in d
iese
l sys
tem
s.
Non
-Ger
man
sale
s as
a p
erce
ntag
e of
tota
l sal
es r
emai
ned
at 7
2%
.
Gre
ater
wei
ghtin
g of
indu
stria
l tec
hnol
ogy
With
the
con
solid
atio
n of
Rex
roth
sta
rtin
g in
May
200
1, o
ur I
ndus
tria
l Te
ch-
nolo
gy B
usin
ess
Sect
or r
each
ed a
sal
es le
vel o
f 3.2
bill
ion
euro
. Its
sha
re o
f tot
alB
osch
Gro
up s
ales
thus
incr
ease
d fr
om 3
.8%
in 2
000
to 9
.3%
in 2
001.
Had
the
com
pany
bee
n in
clud
ed i
n co
nsol
idat
ion
for
the
full
year
, th
at s
hare
wou
ldha
ve b
een
12%
. The
inte
grat
ion
of R
exro
th in
to th
e B
osch
Gro
up in
200
1 ha
sal
read
y m
ade
grea
t pr
ogre
ss.
Indu
stri
al t
echn
olog
y co
uld
not
avoi
d be
ing
affe
cted
by
the
econ
omic
wea
keni
ng. C
ompa
red
with
the
prev
ious
yea
r, 2
001
sale
s, in
clud
ing
thos
e of
Rex
roth
, gre
w b
y a
mer
e 1
%.
Our
Aut
omot
ive
Tech
nolo
gy B
usin
ess
Sect
or r
each
ed a
sal
es v
olum
e of
23.
2bi
llion
eur
o in
200
1. In
clud
ing
the
first
-tim
e co
nsol
idat
ion
of o
ur Ja
pane
se b
rak-
ing
busi
ness
es, a
ccou
ntin
g fo
r 60
0 m
illio
n eu
ro, s
ales
incr
ease
d by
3.4
%. T
hus
we
cont
inue
d to
str
engt
hen
our
posi
tion
as th
e w
orld
’s s
econ
d-la
rges
t sup
plie
rto
the
auto
mob
ile in
dust
ry. W
ithin
the
Bos
ch G
roup
, the
sec
tor’
s sh
are
of s
ales
fell
from
71
% to
68
%. T
his,
thou
gh, w
as a
ttrib
utab
le to
the
Rex
roth
acq
uisi
tion,
and
is i
n lin
e w
ith o
ur a
im o
f ac
hiev
ing
a be
tter
bala
nce
amon
g ou
r bu
sine
ssse
ctor
s.
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
Bre
akdo
wn
of s
ales
By
busi
ness
sec
tors
in 2
001
(as
a pe
rcen
tage
)
1020
3040
5060
7080
9010
0
Aut
omot
ive
Tech
nolo
gy
Indu
stria
l Tec
hnol
ogy
Con
sum
er G
oods
and
Bui
ldin
g Te
chno
logy
68.3
9.3
22.4
14
Man
agem
ent R
epor
tI
15
Uns
atis
fact
ory
oper
atin
g re
sults
Prof
it de
velo
pmen
t al
so s
uffe
red
from
the
unf
avor
able
mar
ket
envi
ronm
ent.
Our
long
-term
pro
fitab
ility
goa
ls, w
hich
are
indi
spen
sabl
e fo
r th
e fin
anci
ng o
fin
vest
men
ts a
nd f
urth
er g
row
th, w
ere
not
met
in 2
001.
For
a n
umbe
r of
yea
rsno
w w
e ha
ve m
ade
larg
e in
vest
men
ts, e
spec
ially
in a
utom
otiv
e te
chno
logy
, for
man
y ne
w a
nd s
omet
imes
ver
y co
mpl
ex p
rodu
cts
and
syst
ems.
Thi
s, to
geth
erw
ith v
ery
stro
ng c
ompe
titio
n, e
xert
s pr
essu
re o
n fin
anci
al r
esul
ts.
Mor
e em
ploy
ees
thro
ugh
acqu
isiti
ons
At t
he b
egin
ning
of 2
002
the
Bos
ch G
roup
wor
ldw
ide
empl
oyed
abo
ut 2
21,0
00pe
ople
, of w
hich
54
% w
orke
d ou
tsid
e G
erm
any.
Tha
t am
ount
ed to
an
incr
ease
of 2
2,30
0 ov
er t
he p
rior
yea
r, a
ll as
a r
esul
t of
fir
st-ti
me
cons
olid
atio
ns.
The
acqu
isiti
on o
f R
exro
th a
lone
con
trib
uted
21,
600
empl
oyee
s. T
he c
ompa
nies
alre
ady
incl
uded
in
the
cons
olid
atio
n at
the
end
of
2000
red
uced
the
ir w
ork-
forc
es b
y ab
out
3,50
0. T
his
redu
ctio
n ap
plie
d m
ostly
to
our
loca
tions
out
side
Eur
ope.
If
the
effe
cts
of t
he n
ewly
con
solid
ated
ent
ities
are
igno
red,
the
num
-be
r of
em
ploy
ees
in G
erm
any
rem
aine
d vi
rtua
lly u
ncha
nged
.
Furt
her
incr
ease
of i
nves
tmen
tsIn
200
1 bu
sine
ss g
row
th w
as p
rim
arily
with
new
pro
duct
s, a
nd th
is a
gain
cal
led
for
a fu
rthe
r in
crea
se o
f inv
estm
ents
in ta
ngib
le fi
xed
asse
ts. T
he la
rges
t sha
reth
ereo
f was
for
the
expa
nsio
n of
pro
duct
ion
capa
city
for
dies
el s
yste
ms.
Spe
cial
regi
onal
inv
estm
ents
wer
e fo
cuse
d on
our
loc
atio
ns a
t B
ursa
, Tu
rkey
and
Jihl
ava
in th
e C
zech
Rep
ublic
. At t
he sa
me
time
we
com
men
ced
build
ing
a ne
wde
velo
pmen
t ce
nter
for
aut
omot
ive
tech
nolo
gy i
n A
bsta
tt ne
ar H
eilb
ronn
.W
hen
finis
hed,
2,0
00 e
mpl
oyee
s w
ill w
ork
ther
e. O
ur to
tal i
nves
tmen
ts in
tan-
gibl
e fix
ed a
sset
s in
200
1 am
ount
ed t
o ar
ound
2.4
bill
ion
euro
, 62
% o
f w
hich
was
inve
sted
out
side
Ger
man
y.
No
letu
p in
res
earc
h an
d de
velo
pmen
tTo
fur
ther
exp
and
our
tech
nolo
gica
l co
mpe
tenc
e in
all
area
s of
our
bus
ines
s,w
e co
ntin
ued
to e
xten
d ou
r re
sear
ch a
nd d
evel
opm
ent
activ
ities
. W
e th
ussp
ent
appr
oxim
atel
y 2.
3 bi
llion
eur
o in
200
1 on
res
earc
h an
d de
velo
pmen
tw
hich
, as
a pe
rcen
tage
of
sale
s, r
epre
sent
s an
incr
ease
fro
m 6
.4%
to
6.7
%. A
tth
e be
ginn
ing
of 2
002
we
empl
oyed
abo
ut 1
8,55
0 sc
ient
ists
, en
gine
ers
and
tech
nici
ans
in R
&D
aro
und
the
wor
ld.
Tha
nks
to t
heir
wor
k, w
e w
ere
able
to k
eep
the
num
ber
of o
ur p
aten
t ap
plic
atio
ns a
t th
e hi
gh l
evel
of
the
year
befo
re.
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
By
busi
ness
sec
tors
200
1 (a
s a
perc
enta
ge)
1020
3040
5060
7080
9010
0
Aut
omot
ive
Tech
nolo
gy
Indu
stria
l Tec
hnol
ogy
Con
sum
er G
oods
and
Bui
ldin
g Te
chno
logy
Oth
er
80.7
6.1
10.5
2.7
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
Tren
d 19
97–
2001
(m
illio
n eu
ro)
Inve
stm
ents
in ta
ngib
le fi
xed
asse
ts
500
1,00
01,
500
2,00
02,
500
3,00
0
2001
2000
1999
1998
1997
2,36
8
2,11
1
1,94
6
1,92
9
1,48
6
16
Man
agem
ent R
epor
tI
17
3 Pow
er a
nd p
reci
sion
: Th
e la
rges
t tun
nel-b
orin
gm
achi
nes
in th
e w
orld
oper
ate
with
tech
nolo
gyfro
m B
osch
Rex
roth
.S
uch
“mol
es”
are
equi
pped
by
us w
ithax
ial-p
isto
n m
achi
nes,
valv
es, c
ylin
ders
, gea
rsan
d co
ntro
ls.
18
Inte
nsiv
e qu
ality
wor
kA
ll in
all,
we
wer
e su
cces
sful
with
our
qua
lity
ende
avor
s in
200
1, a
nd q
ualit
yco
mpl
aint
s fr
om o
ur c
usto
mer
s dr
oppe
d si
gnifi
cant
ly.
At
the
sam
e tim
e, t
hem
any
new
pro
duct
gen
erat
ions
that
we
intr
oduc
ed le
d to
incr
easi
ng c
halle
nges
to o
ur q
ualit
y. E
spec
ially
the
gro
win
g pe
netr
atio
n of
sof
twar
e in
to a
ll sy
stem
sm
akes
far-
reac
hing
dem
ands
on
our
deve
lopm
ent a
nd p
rodu
ctio
n pr
oces
ses.
In
orde
r to
mak
e th
is o
ur f
unda
men
tal
focu
s, w
e ha
ve e
xpan
ded
the
self-
asse
ss-
men
t pro
cess
in a
ccor
danc
e w
ith th
e E
xcel
lenc
e m
odel
of t
he E
urop
ean
Foun
-da
tion
for
Qua
lity
Man
agem
ent.
The
Six
Sig
ma
met
hod
has
prov
en p
artic
u-la
rly
appl
icab
le to
the
solu
tion
of d
iffic
ult t
echn
ical
pro
blem
s, a
nd is
now
bei
ngta
ught
thro
ugho
ut th
e co
mpa
ny in
inte
nsiv
e se
min
ars.
Gre
ater
eff
icie
ncy
in p
urch
asin
gW
ith t
otal
sal
es o
f 34
bill
ion
euro
, ou
r pu
rcha
sing
vol
ume
for
mat
eria
ls,
ser-
vice
s, m
erch
andi
se a
nd c
apita
l go
ods
amou
nted
to
abou
t 18
bill
ion
euro
. O
fth
is, 6
1%
was
pro
cure
d ou
tsid
e G
erm
any.
In t
he f
ace
of t
he s
tiff
com
petit
ion
we
expe
rien
ce a
t ou
r cu
stom
ers,
we
have
cont
inue
d to
impr
ove
the
effic
ienc
y of
our
pur
chas
ing.
With
in t
he f
ram
ewor
kof
our
“co
mpe
teS”
pro
ject
, we
thus
pla
ced
thre
e ob
ject
ives
at
the
fore
fron
t of
our
cons
ider
atio
ns:
furt
her
conc
entr
atio
n on
the
mos
t ef
ficie
nt s
uppl
iers
, the
irea
rly
invo
lvem
ent
in t
he d
evel
opm
ent
proc
esse
s of
pro
duct
s an
d pr
oduc
tion
equi
pmen
t, an
d a
shift
of v
alue
cre
atio
n to
our
bes
t sup
plie
rs.
Man
agem
ent R
epor
tI
19
Inte
rnet
mar
ket S
uppl
yOn
goes
into
ope
ratio
nW
e al
so i
mpl
emen
ted
proc
ess
impr
ovem
ents
in
purc
hasi
ng w
ith t
he I
nter
net
mar
ket S
uppl
yOn,
whi
ch w
e fo
unde
d to
geth
er w
ith o
ther
aut
omob
ile-in
dust
rysu
pplie
rs. F
urth
er p
artn
ers
have
join
ed u
s in
the
mea
ntim
e. F
or t
he f
irst
tim
e,w
e ha
ve p
lace
d al
l pri
ce-b
id r
eque
sts
for
part
s m
ade
acco
rdin
g to
dra
win
gs o
nth
is m
arke
t med
ium
. We
are
wor
king
on
expa
ndin
g th
e ra
nge
of fu
nctio
ns fo
ren
gine
erin
g an
d lo
gist
ics
toge
ther
with
Sup
plyO
n an
d th
e ot
her
part
ners
. The
goal
is
to c
reat
e a
com
preh
ensi
ve c
omm
unic
atio
ns a
nd t
rans
actio
ns p
latfo
rmfo
r th
e E
urop
ean
supp
ly in
dust
ry.
Out
look
for
the
curr
ent y
ear
Ove
rall,
no
appr
ecia
ble
impr
ovem
ent i
n bu
sine
ss c
ondi
tions
is v
isib
le fo
r 20
02.
Even
thou
gh th
e ge
nera
l eco
nom
ic c
limat
e in
Nor
th A
mer
ica
and
Eur
ope
sta-
biliz
ed a
t the
beg
inni
ng o
f thi
s ye
ar, t
he a
utom
obile
indu
stry
rem
ains
an
exce
p-tio
n an
d w
orld
wid
e pr
oduc
tion
can
be e
xpec
ted
to d
ecre
ase
furt
her
in 2
002.
A
sw
eepi
ng e
cono
mic
rec
over
y, w
hich
wou
ld in
clud
e th
e au
tom
obile
indu
stry
,pr
obab
ly w
ill n
ot o
ccur
unt
il th
e ye
ar 2
003.
Aga
inst
this
bac
kgro
und
we
expe
ct B
osch
Gro
up s
ales
in 2
002
to e
xper
ienc
e a
smal
l in
crea
se o
nly,
pri
mar
ily a
s a
resu
lt of
the
fur
ther
con
solid
atio
n ef
fect
sfr
om t
he R
exro
th a
cqui
sitio
n. I
t is
nev
erth
eles
s ou
r ai
m t
o im
prov
e pr
ofita
bil-
ity c
ompa
red
to 2
001
and
to k
eep,
whe
re p
ossi
ble,
em
ploy
men
t st
able
by
uti-
lizin
g ex
istin
g fle
xibi
lity
mea
sure
s.
Ris
ks in
here
nt in
futu
re d
evel
opm
ent
The
gre
ates
t ris
ks fo
r sa
les,
em
ploy
men
t, pr
ofits
and
liqu
idity
stil
l lie
in u
nsta
-bl
e po
litic
al a
nd e
cono
mic
con
ditio
ns a
s w
ell a
s th
e un
cert
aint
y in
volv
ing
the
furt
her
deve
lopm
ent o
f the
aut
omob
ile in
dust
ry.
We
inte
nd to
app
ly th
e fo
llow
ing
mea
sure
s in
ord
er to
lim
it th
e po
ssib
le n
ega-
tive
effe
cts
of th
ese
risk
s:
–W
e ha
ve b
ased
our
200
2 bu
sine
ss p
lan
on g
row
th p
rem
ises
whi
ch li
e be
low
thos
e ge
nera
lly e
xpec
ted.
As
a re
sult,
Bos
ch G
roup
gro
wth
and
pro
fit p
er-
spec
tives
are
con
serv
ativ
ely
estim
ated
.
–St
artin
g in
200
2, w
e ha
ve c
hang
ed o
ur m
anag
emen
t phi
loso
phy
to a
val
ue-
base
d sy
stem
. Thi
s will
con
trib
ute
to m
ore
firm
ly a
ncho
red
prof
it or
ient
atio
nat
all
leve
ls a
nd in
all
deci
sion
s, a
nd t
o gr
eate
r w
atch
fuln
ess
in t
he e
ffici
ent
use
of fu
nds.
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
Tota
l exp
endi
ture
s fo
r re
sear
ch a
nd d
evel
opm
ent
Tren
d 19
97–
2001
(m
illio
n eu
ro)
500
1,00
01,
500
2,00
02,
500
3,00
0
2001
2000
1999
1998
1997
2,27
4
2,03
0
1,92
1
1,77
8
1,66
5
20
–O
ur r
isk
man
agem
ent
is b
ased
on
a co
mpr
ehen
sive
ly s
truc
ture
d in
tern
alre
port
ing
syst
em, w
hich
als
o in
clud
es t
he n
ew b
usin
ess
entit
ies
whi
ch w
ere
adde
d in
rec
ent
year
s th
roug
h ac
quis
ition
s. F
or b
ette
r tr
ansp
aren
cy a
ndw
orld
wid
e co
ntro
l, th
e bu
sine
ss c
ondu
cted
by
our
subs
idia
ries
is t
o a
larg
eex
tent
con
solid
ated
in th
e ap
plic
able
div
isio
ns.
–O
ur r
isk
man
agem
ent i
s co
mpl
emen
ted
by c
onst
ant m
onito
ring
of a
ll fin
an-
cial
and
fore
ign
curr
ency
mov
emen
ts o
f our
wor
ldw
ide
busi
ness
uni
ts. O
urm
onet
ary
posi
tions
in
the
mos
t im
port
ant
curr
enci
es a
re t
o a
larg
e ex
tent
in
bal
ance
. O
pen
curr
ency
pos
ition
s ar
e he
dged
in
line
with
int
erna
l co
n-se
nsus
.
–A
larg
e nu
mbe
r of
pro
ject
s un
der
the
mot
to B
eQIK
are
use
d to
con
stan
tlyim
prov
e al
l ou
r in
tern
al p
roce
sses
. B
eQIK
rep
rese
nts
grea
ter
spee
d in
all
we
do, w
ith th
e em
phas
is o
n qu
ality
(Q),
inno
vatio
n (I
), an
d fo
cus o
n th
e cu
s-to
mer
(K).
–W
ith g
reat
vig
or w
e co
ntin
ue to
impl
emen
t the
two-
year
old
pro
ject
“T
ime
to M
arke
t” i
n al
l ar
eas,
in
orde
r to
per
man
ently
im
prov
e ou
r pr
oduc
t cr
eatio
n pr
oces
s, a
nd t
o sp
eed
up n
ew p
rodu
ct s
tart
-ups
with
gua
rant
eed
qual
ity. T
his
will
low
er o
ur d
evel
opm
ent a
nd m
anuf
actu
ring
cos
ts.
–W
e ar
e in
an
inte
nsiv
e pr
oces
s of
dee
peni
ng r
elat
ions
with
our
cus
tom
ers
aspa
rtne
rs,
aim
ing
with
all
our
reso
urce
s at
ach
ievi
ng c
omm
on s
olut
ions
to
all
new
cha
lleng
es.
Thi
s ap
plie
s bo
th t
o th
e im
plem
enta
tion
of n
ew t
ech-
nolo
gies
and
the
sea
rch
for
cost
sav
ings
in f
urth
er d
evel
opm
ent
of p
rodu
ctco
ncep
ts.
–In
ord
er to
util
ize
our
wor
ldw
ide
mar
ket o
ppor
tuni
ties
still
bet
ter,
esp
ecia
llyin
tim
es w
ith a
poo
r ec
onom
ic c
limat
e, w
e ar
e ex
pand
ing
our
activ
ities
in
mar
kets
and
at c
usto
mer
s w
hich
stil
l offe
r a
larg
e po
tent
ial f
or o
ur p
rodu
cts.
In d
oing
so,
we
bene
fit fr
om th
e de
man
ds fo
r te
chni
cal k
now
-how
esp
ecia
llyfo
r th
e ca
refu
l use
of n
atur
al r
esou
rces
and
for
the
relie
f of t
he e
nvir
onm
ent.
The
se d
eman
ds a
re o
n th
e in
crea
se a
ll ov
er th
e w
orld
.
We
are
conf
iden
t tha
t, w
ith th
is s
trat
egic
bus
ines
s al
ignm
ent,
we
will
be
able
toco
pe w
ith th
e ri
sks
and
thus
gua
rant
ee th
e fu
ture
of t
he B
osch
Gro
up w
ith c
on-
tinue
d gr
owth
and
pro
fitab
ility
.
Man
agem
ent R
epor
tI
A n
ew a
dver
tisin
g co
n-ce
pt d
raw
s th
e pu
blic
’sat
tent
ion
mor
e st
rong
ly to
our h
igh
leve
l of i
nnov
a-tio
n. L
arge
-sca
le a
dver
-tis
emen
ts s
tress
our
effi
-ci
ency
and
cap
abili
ty a
son
e of
the
wor
ld’s
larg
est
auto
mot
ive
indu
stry
sup
-pl
iers
and
dem
onst
rate
the
bene
fits
for v
ehic
lem
anuf
actu
rers
and
dr
iver
s: “
Bos
ch. W
ebr
ing
inno
vatio
n”
21
www.bosch.co.uk
K-EA 1102 E
Is th
ere
an a
utom
obile
equ
ipm
ent s
uppl
ier
who
man
ufac
ture
s an
d pr
ovid
es th
e su
ppor
t you
nee
d w
here
ver
and
whe
neve
r yo
u ne
ed it
?
Yes
Bos
ch is
you
r lo
cal p
artn
er –
wor
ld-w
ide.
Bos
ch. W
e br
ing
inno
vati
on
Can
you
put
less
in a
nd g
et m
ore
out?
Yes
Gas
olin
e an
d D
iese
l Dir
ect I
njec
tion
from
Bos
chm
akes
eng
ines
cle
aner
, mor
e fu
el e
ffici
ent
and
impr
oves
per
form
ance
, too
.
Co
nsu
mp
tio
nC
on
su
mp
tio
n
Po
we
rP
ow
er
Bos
ch. W
e br
ing
inno
vati
on
www.bosch.com
K 1101
Can
fuel
be
inje
cted
so
effic
ient
ly
that
up
to 2
0%
less
is c
onsu
med
but
5%
mor
epo
wer
is p
rodu
ced?
Yes
With
dir
ect f
uel i
njec
tion
syst
ems
deve
lope
d by
Bos
ch.
Co
nsu
mp
tio
nC
on
su
mp
tio
n
Po
we
rP
ow
er
Bos
ch. W
e br
ing
inno
vatio
n
www.bosch.co.uk
K 500E
23
Gas
olin
e di
rect
-inje
ctio
n ex
pand
s fu
rthe
rA
fter
star
ting
seri
es p
rodu
ctio
n of
our
gas
olin
e di
rect
-inje
ctio
n in
200
0, fu
rthe
rpr
ojec
ts h
ave
mea
nwhi
le b
een
star
ted
or w
ill b
e st
arte
d so
on. T
his
tech
nolo
gym
eets
the
str
inge
nt e
mis
sion
lim
its o
f E
uro
IV.
Usi
ng t
he s
trat
ified
-cha
rge
met
hod,
in w
hich
an
igni
tabl
e ai
r-fu
el m
ixtu
re a
t the
spa
rk p
lug
is s
urro
unde
dby
an
insu
latin
g la
yer
of a
ir a
nd r
esid
ual
exha
ust
gas,
the
DI-
Mot
roni
c of
fers
part
icul
arly
eco
nom
ic l
ean
oper
atio
n in
the
low
-load
ran
ge.
As
engi
ne l
oad
incr
ease
s, it
sw
itche
s ov
er to
hom
ogen
eous
cyl
inde
r lo
ad. G
asol
ine
dire
ct-in
jec-
tion
also
incr
ease
s th
e fu
n of
dri
ving
with
hig
her
torq
ue v
alue
s an
d be
tter
spon
-ta
neity
. In
time,
we
expe
ct t
hat
the
new
tec
hnol
ogy
will
be
used
in e
very
sec
-on
d ga
solin
e-po
wer
ed v
ehic
le in
Wes
tern
Eur
ope.
Con
tinue
d st
rong
gro
wth
for
dies
el-p
ower
ed v
ehic
les
In th
e ye
ar 2
001,
the
shar
e of
die
sel-p
ower
ed v
ehic
les
amon
g th
e ne
wly
-reg
is-
tere
d pa
ssen
ger
auto
mob
iles
agai
n in
crea
sed.
The
sha
re in
Wes
tern
Eur
ope,
at
36%
, w
as a
bout
fou
r pe
rcen
tage
poi
nts
abov
e th
e pr
ior
year
. A
part
fro
m i
nE
urop
e, w
e se
e th
e gr
eate
st g
row
th p
oten
tial i
n th
e ne
xt s
ever
al y
ears
in N
orth
Am
eric
a an
d A
sia.
Our
wor
ldw
ide
pres
ence
offe
rs e
xcel
lent
con
ditio
ns fo
r su
c-ce
ssfu
l mar
ket d
evel
opm
ent.
Die
sel e
ngin
es a
re a
lso
gain
ing
acce
ptan
ce in
the
Uni
ted
Stat
es. H
ere,
we
draw
the
atte
ntio
n of
the
Am
eric
an m
edia
, thr
ough
our
own
activ
ities
and
our
mem
bers
hip
in t
he D
iese
l Te
chno
logy
For
um,
to t
heim
port
ant
cont
ribu
tion
whi
ch m
oder
n di
esel
tec
hnol
ogy
mak
es i
n re
duci
ngca
rbon
-dio
xide
em
issi
ons.
Tha
nks
to o
ngoi
ng d
evel
opm
ent,
we
are
able
to c
ontin
ually
impr
ove
our
dies
elsy
stem
s. T
he y
ear
2001
saw
the
fir
st d
iese
l-pow
ered
com
pact
veh
icle
bea
t th
eem
issi
ons
limits
of
Eur
o IV
with
a B
osch
inj
ectio
n sy
stem
. W
ith t
he s
econ
d-ge
nera
tion
com
mon
-rai
l sy
stem
s, w
hich
we
intr
oduc
ed i
n 20
01,
we
low
ered
fuel
con
sum
ptio
n ev
en fu
rthe
r, fo
r th
e sa
me
or b
ette
r dr
ivin
g pe
rfor
man
ce.
22
Aut
omot
ive
Tech
nolo
gyB
usin
ess
Sec
tor
Key
num
bers
2001
2000
Sal
es23
.222
.5bi
llion
euro
Inve
stm
ents
1.9
1.7
billi
oneu
roR
&D
Exp
ense
1.9
1.7
billi
oneu
ro
Wor
ldw
ide
mot
or-v
ehic
le p
ro-
duct
ion
in 2
001
decr
ease
d by
3,9
%to
55.
8 m
illio
n un
its. G
erm
an o
ut-
put,
how
ever
, aga
in r
ose,
dec
isiv
ely
supp
orte
d by
exp
ort.
Pro
duct
ion
incr
ease
d by
3.3
% to
5.7
mill
ion
vehi
cles
. Wes
tern
Eur
opea
n pr
o-du
ctio
n al
so r
ose,
in to
tal b
y 0.
6%
to 1
7.2
mill
ion.
Pro
duct
ion
in th
eN
AFT
A a
rea
fell
off s
igni
fican
tly b
y10
.4%
to 1
5.8
mill
ion
vehi
cles
aft
erye
ars
of in
crea
ses.
In J
apan
, pro
-du
ctio
n fe
ll by
3.6
% to
9.8
mill
ion
auto
mob
iles.
Sal
es o
f the
Aut
omot
ive
Tech
-no
logy
Bus
ines
s S
ecto
r in
crea
sed
by 3
.4%
to 2
3.2
billi
on e
uro.
7 We
mad
e “F
asci
natio
nB
osch
” ac
cess
ible
tovi
sito
rs o
f the
59t
hIn
ter-
natio
nal A
uto
Sho
w w
itha
new
ly d
esig
ned
exhi
bi-
tion
stan
d. It
s op
en c
on-
cept
pro
vide
d em
otio
nal
appe
al to
the
publ
ic.
7Te
stin
g a
high
-pre
ssur
edi
esel
-inje
ctio
n sy
stem
.In
add
ition
to ra
dial
-pis
-to
n di
strib
utor
pum
ps,
we
prim
arily
pro
duce
com
mon
-rail
and
unit-
inje
ctor
sys
tem
s. A
llth
ree
tech
nolo
gies
toge
ther
with
the
high
-pr
essu
re d
irect
inje
ctio
nw
e de
velo
ped,
mak
epo
ssib
le th
e hi
gh to
rque
and
low
fuel
con
sum
p-tio
n of
mod
ern
dies
elen
gine
s.
25
Dev
elop
men
t coo
pera
tion
to r
educ
e br
akin
g di
stan
ceW
e ha
ve e
nter
ed i
nto
a lo
ng-te
rm s
trat
egic
par
tner
ship
with
the
Mic
helin
Gro
up.
By o
ptim
izin
g th
e co
mbi
natio
n of
our
ele
ctro
nic
stab
ility
pro
gram
(ESP
) w
ith n
ew h
igh-
perf
orm
ance
tir
es f
rom
Mic
helin
, w
e to
geth
er w
ant
tore
duce
pas
seng
er-c
ar b
raki
ng d
ista
nces
by
15%
. Thi
s m
eans
a fu
rthe
r up
grad
eof
our
sys
tem
, of w
hich
, by
the
end
of 2
001,
we
alre
ady
had
sold
5 m
illio
n un
its.
Firs
t bra
ke-b
y-w
ire s
yste
m g
oes
into
ser
ies
prod
uctio
nT
he fi
rst e
lect
rohy
drau
lic b
rake
in th
e w
orld
, the
SB
C (S
enso
tron
ic B
rake
Con
-tr
ol),
wen
t in
to s
erie
s pr
oduc
tion
in 2
001.
Thi
s sy
stem
, w
hich
we
deve
lope
dto
geth
er w
ith a
n au
tom
obile
man
ufac
ture
r, u
ses
sens
ors
in t
he b
rake
ped
al t
ore
cogn
ize
the
driv
er’s
bra
ke im
puls
e, a
nd tr
ansm
its th
e si
gnal
s to
the
EC
U b
ym
eans
of w
ire.
Thi
s, in
turn
, cal
cula
tes
the
indi
vidu
al b
rake
pre
ssur
es fo
r ea
chof
the
whe
els
and
man
ages
the
bra
king
ope
ratio
n vi
a th
e hy
drau
lic u
nit.
Thi
sco
nstit
utes
a n
otic
eabl
e pl
us fo
r th
e dr
iver
’s s
afet
y an
d co
mfo
rt.
24
Aut
omot
ive
Tech
nolo
gy B
usin
ess
Sec
tor
I
1Po
wer
ful s
enso
rs a
re a
prer
equi
site
for p
reci
sion
syst
ems.
Sin
ce 2
001,
we
prod
uce
a ne
w g
ener
-at
ion
of h
igh-
pres
sure
sens
ors.
Sen
sor e
le-
men
ts p
rodu
ced
usin
gth
in-fi
lm te
chno
logy
mea
-su
re, f
or in
stan
ce in
com
-m
on-ra
il sy
stem
s, p
res-
sure
s up
to 1
,800
bar
.H
ere,
sen
sor e
lem
ents
are
bein
g lo
aded
into
clea
ning
equ
ipm
ent.
3 As
an in
nova
tion,
the
driv
er’s
bra
ke im
puls
e in
the
elec
trohy
drau
licbr
ake
(SB
C) i
s tra
ns-
mitt
ed e
lect
roni
cally
as
oppo
sed
to m
echa
nica
lly.
It is
pro
cess
ed in
ahy
brid
EC
U, w
hich
isin
tegr
ated
into
the
hydr
aulic
uni
t for
con
trol-
ling
the
brak
e pr
essu
re.
In p
rodu
ctio
n, th
e E
CU
isau
tom
atic
ally
con
nect
edw
ith th
e co
ntac
t plu
gs v
iath
in a
lum
inum
wire
s.
______________________________________________
______________________________________________
______________________________________________
Sal
es o
f aut
omot
ive
tech
nolo
gyTr
end
1997
–20
01 (
billi
on e
uro)
1020
3040
2001
2000
1999
1998
1997
23.2
22.5
18.1
16.3
14.7
______________________________________________
______________________________________________
______________________________________________
Pas
seng
er-c
ar m
arke
tA
BS
-equ
ippe
d ve
hicl
es a
s a
perc
enta
ge o
f pas
seng
er-c
ar p
rodu
ctio
nin
sel
ecte
d m
arke
ts 2
000/
2001
2550
7510
0
Ger
man
y
Wes
tern
Eur
ope1
Nor
th A
mer
ica
Japa
n
92 91
7571
8078
7364
2001
2000
1In
clud
ing
Ger
man
y
______________________________________________
______________________________________________
______________________________________________
Aut
omot
ive
mar
ket
Die
sel-e
ngin
e pa
ssen
ger c
ars
as a
per
cent
age
of n
ew-c
ar re
gist
ratio
ns
in s
elec
ted
mar
kets
200
0/20
01
2550
7510
0
Ger
man
y
Fran
ce
Wes
tern
Eur
ope1
34.6
30.4
22.4
56.2
49.0
44.1
36.0
32.3
28.4
2001
2000
1999
1In
clud
ing
Ger
man
y
27
Inte
rnet
com
es to
the
auto
mob
ileO
ur B
laup
unkt
sub
sidi
ary
intr
oduc
ed a
n in
tern
et-c
apab
le c
ar r
adio
. In
addi
tion
to h
avin
g in
tern
et a
cces
s, t
he r
adio
, de
sign
ated
Onl
ineP
ilot,
prov
ides
veh
icle
navi
gatio
n us
ing
the
data
tra
nsm
itted
by
mob
ile r
adio
. T
he i
nteg
ratio
n of
tele
mat
ics
appl
icat
ions
will
mea
n th
at i
n th
e fu
ture
the
inf
orm
atio
n pr
ovid
ers
will
be
able
to e
xplo
it th
is a
s an
exc
elle
nt p
latfo
rm fo
r th
eir
serv
ices
.
Pre
-cra
sh s
ensi
ng fo
r re
stra
int s
yste
ms
Res
trai
nt s
yste
ms,
suc
h as
the
airb
ag a
nd th
e se
at-b
elt t
ight
ener
, pro
tect
all
the
bette
r, t
he m
ore
deta
iled
the
info
rmat
ion
rece
ived
with
res
pect
to
expe
cted
acci
dent
sev
erity
and
seq
uenc
e. W
e de
velo
ped
syst
ems,
whi
ch w
ill p
rote
ct c
arpa
ssen
gers
stil
l m
ore.
New
sen
sors
alr
eady
pro
vide
dat
a ab
out
the
expe
cted
cras
h sp
eed
and
angl
e du
ring
the
so-c
alle
d pr
e-cr
ash
phas
e, s
hort
ly b
efor
e th
eac
tual
acc
iden
t. T
his
mea
ns f
or i
nsta
nce,
tha
t th
e se
at-b
elts
can
be
tight
ened
earl
ier,
and
the
opt
imum
poi
nt i
n tim
e fo
r th
e tr
igge
ring
of
a se
cond
air
bag
leve
l can
be
calc
ulat
ed m
ore
accu
rate
ly.
26
Mor
e si
de s
uppo
rt w
ith d
rive-
dyna
mic
sea
tW
e co
mpl
eted
dev
elop
men
t of
the
dri
ve-d
ynam
ic s
eat
in c
oope
ratio
n w
ith a
nau
tom
obile
pro
duce
r. T
he s
eat i
s m
eanw
hile
in s
erie
s pr
oduc
tion.
Our
com
po-
nent
s ad
just
the
siz
e of
the
air
cus
hion
s in
the
uph
olst
ery
to t
he a
ctua
l dri
ving
cond
ition
s an
d im
prov
e th
e si
de s
uppo
rt o
f the
sea
t. T
his
tech
nolo
gy p
rovi
des
the
driv
er w
ith a
hig
h le
vel
of c
omfo
rt o
n lo
ng d
rive
s an
d ve
ry g
ood
late
ral
cont
rol i
n ev
ery
driv
ing
situ
atio
n.
Inno
vativ
e w
iper
sys
tem
s fo
r be
tter
vis
ibili
tySe
vent
y-fiv
e ye
ars
afte
r w
e fir
st s
tart
ed m
ass
prod
uctio
n of
ele
ctri
c w
iper
mot
ors,
we
have
for
the
first
tim
e pr
oduc
ed e
lect
roni
cally
-con
trol
led
units
. Thi
sin
nova
tion
redu
ces
spac
e re
quir
emen
ts u
nder
the
hoo
d an
d op
timiz
es t
hew
iped
are
a. T
he A
erot
win
wip
er b
lade
, whi
ch w
e in
trod
uced
in 1
999,
is b
eing
used
mor
e an
d m
ore
as o
rigi
nal e
quip
men
t.
Aut
omot
ive
Tech
nolo
gy B
usin
ess
Sec
tor
I
7 Wor
ldw
ide
unifo
rm m
easu
r-in
g pr
oces
ses
and
test
ing
equi
pmen
t ens
ure
that
our
high
qua
lity
stan
dard
s ar
e co
mpl
ied
with
in a
ll ou
rpl
ants
. Her
e: a
wor
ker t
ests
inje
ctio
n no
zzle
s fo
r die
sel
engi
nes.
1W
e ha
ve e
quip
ped
afle
et o
f 66
dem
onst
ratio
nau
tom
obile
s w
ith n
avig
a-tio
n sy
stem
s, m
obile
tele
-ph
ones
and
aut
omob
ilehi
-fi c
ompo
nent
s fro
mB
laup
unkt
. The
se
vehi
cles
are
mad
e av
ail-
able
to d
eale
rs, w
ho
can
thus
offe
r ind
ivid
ual
test
runs
.
7In
our
die
sel-e
ngin
e te
stce
nter
we
test
new
co
mpo
nent
s an
d ad
apt
inje
ctio
n sy
stem
s to
the
engi
nes.
The
se a
rem
ount
ed o
n sp
ecia
lfra
mes
, whi
ch a
llow
for
very
sho
rt co
nnec
t and
disc
onne
ct ti
mes
on
the
test
ben
ch, t
hus
lead
ing
to fa
r hig
her l
evel
s of
5te
st-b
ench
util
izat
ion.
29
Furt
her
grow
th in
aft
erm
arke
t pro
duct
sT
he B
osch
ser
vice
org
aniz
atio
n su
ppor
ts o
ur a
fterm
arke
t ac
tiviti
es w
ith 9
,000
fran
chis
es w
orld
wid
e. W
e ha
ve in
crea
sed
the
num
ber
of B
osch
ser
vice
cen
ters
,pa
rtic
ular
ly i
n A
sia
and
Eas
tern
Eur
ope.
In
orde
r to
pro
vide
our
wor
ksho
p cu
stom
ers
with
a t
otal
sol
utio
n fo
r ve
hicl
e re
pair
and
mai
nten
ance
, w
e ha
veco
mbi
ned
all
nece
ssar
y se
rvic
es, s
uch
as t
echn
ical
inf
orm
atio
n, t
rain
ing,
con
-su
ltatio
n an
d te
stin
g eq
uipm
ent
unde
r “B
osch
Dia
gnos
tics”
. In
doi
ng s
o, w
eco
ntin
ued
to
expa
nd
our
afte
rmar
ket
busi
ness
in
au
tom
otiv
e te
chno
logy
desp
ite th
e w
orld
wid
e ec
onom
ic s
low
dow
n.
Eng
inee
ring
serv
ices
brin
g su
cces
sD
eman
d fo
r th
e se
rvic
es o
f ou
r A
sset
Aut
omot
ive
Syst
ems
and
Eng
inee
ring
Tech
nolo
gy G
mbH
sub
sidi
ary
keep
s gr
owin
g. T
he c
ompa
ny s
tart
ed o
pera
tions
in 1
999
and
mea
nwhi
le e
mpl
oys
250
peop
le. I
t offe
rs d
evel
opm
ent s
ervi
ces
for
elec
tron
ic s
yste
ms.
The
wor
k fo
cuse
s on
eng
inee
ring
dev
elop
men
t of
eng
ine-
cont
rol
and
vehi
cle-
man
agem
ent
syst
ems
as w
ell
as d
evel
opm
ent
of c
ompr
e-he
nsiv
e sy
stem
s-ov
erla
ppin
g fu
nctio
ns b
ased
on
the
Car
tron
ic a
rchi
tect
ure.
Ele
ctric
pow
er s
teer
ing
read
y fo
r se
ries
prod
uctio
nO
ur f
ifty–
fifty
par
tner
ship
, Z
F L
enks
yste
me
Gm
bH,
has
deve
lope
d a
syst
emfo
r el
ectr
ic s
teer
ing
assi
sts,
whi
ch w
ill g
o in
to s
erie
s pr
oduc
tion
in 2
002.
The
new
ste
erin
g sy
stem
will
con
trib
ute
sign
ifica
ntly
to lo
wer
ing
fuel
con
sum
ptio
n.
Bos
ch p
rese
nts
its p
rodu
ct p
rogr
am a
t its
cus
tom
ers
We
incr
easi
ngly
sho
wca
se o
ur t
echn
olog
y at
our
cus
tom
ers.
We
then
pre
sent
the
entir
e ra
nge
of o
ur i
nnov
atio
ns i
n au
tom
otiv
e te
chno
logy
. T
hese
sho
w-
case
s in
clud
e te
chni
cal
pres
enta
tions
and
dis
cuss
ions
, di
spla
ys o
f pr
oduc
tsa
mpl
es, a
nd v
ehic
le d
emon
stra
tions
. In
2001
we
held
thir
teen
eve
nts
in e
ight
coun
trie
s w
orld
wid
e, a
nd w
ere
able
to
reac
h m
ore
than
7,0
00 e
mpl
oyee
s at
the
auto
mob
ile m
anuf
actu
rers
.
28
Aut
omot
ive
Tech
nolo
gy B
usin
ess
Sec
tor
I
7N
ew c
omfo
rt an
d sa
fety
syst
ems
requ
ire a
relia
ble
pow
er s
ourc
e in
the
ve-
hicl
e. F
or th
is ta
sk, w
ede
velo
ped
elec
troni
cen
ergy
man
agem
ent.
Itspr
edic
tive
diag
nosi
s of
batte
ry c
harg
e an
d ba
t-te
ry c
ondi
tion
is d
ecis
ive
for a
relia
ble
pow
er
supp
ly in
the
vehi
cle
and
for o
ptim
um s
tarti
ng. I
nou
r low
-tem
pera
ture
test
-in
g fa
cilit
y, s
uch
func
tions
are
test
ed a
nd o
ptim
ized
at te
mpe
ratu
res
as lo
was
–28
°C.
7 In th
e fu
ture
, con
trolla
ble
fans
for e
ngin
e co
olin
gw
ill b
ecom
e an
impo
rtan
tpa
rt of
eng
ine
ther
mo-
man
agem
ent.
They
allo
wfo
r fue
l sav
ings
of u
p to
5%
and
for f
urth
erre
duct
ions
in p
ollu
tant
emis
sion
s. H
ere:
do
uble
-fan
mod
ule
with
brus
hles
s m
otor
s.
31
Bos
ch a
nd R
exro
th: s
yner
gies
in c
ore
com
pete
ncie
sA
fun
dam
enta
l as
sess
men
t al
so s
how
s ho
w g
ood
the
chan
ces
are
for
inte
grat
-in
g R
exro
th i
nto
the
Bos
ch G
roup
. In
dust
rial
tec
hnol
ogy
is a
bus
ines
s ar
eaw
hich
, esp
ecia
lly i
n re
latio
n to
aut
omot
ive
tech
nolo
gy, s
how
s si
gnifi
cant
syn
-er
gies
. In
both
cas
es, w
e ca
n m
ake
full
use
of o
ur c
ompe
tenc
ies,
whi
ch l
ie i
nth
e co
mbi
natio
n of
ele
ctro
nics
, hyd
raul
ics,
mic
rom
echa
nics
and
the
prod
uctio
npr
oces
ses
appl
icab
le th
eret
o.
Bos
ch R
exro
th A
G: s
low
gro
wth
in a
wea
k ec
onom
yB
osch
Rex
roth
AG
, whi
ch s
ees
itsel
f as
“The
Dri
ve a
nd C
ontr
ol C
ompa
ny”,
isa
lead
ing
wor
ld m
arke
t su
pplie
r of
ind
ustr
ial
tech
nolo
gy. D
urin
g 20
01, w
hich
was
mar
ked
by w
eak
dem
and
in t
he m
echa
nica
l eng
inee
ring
sec
tor,
the
com
-pa
ny r
aise
d its
sal
es b
y 1
% t
o 3.
9 bi
llion
eur
o. O
f th
is,
2.8
billi
on e
uro
wer
ein
clud
ed in
the
2001
con
solid
ated
fina
ncia
l sta
tem
ents
. The
com
pany
em
ploy
sap
prox
imat
ely
26,0
00 p
eopl
e. I
ts b
usin
ess
lies
in in
dust
rial
hyd
raul
ics,
mob
ilehy
drau
lics,
pne
umat
ics,
ass
embl
y an
d lin
ear-
mot
ion
tech
nolo
gy, a
nd in
ele
ctri
cm
otor
s an
d co
ntro
ls.
A w
orld
firs
t: hy
drau
lics
conn
ectio
n to
the
Ser
cos
Inte
rfac
e B
osch
Rex
roth
is
also
cus
tom
er-o
rien
ted
whe
n it
com
es t
o in
nova
tions
. Fo
rin
stan
ce, t
he c
ompa
ny c
ame
up w
ith a
wor
ld f
irst
in in
dust
rial
hyd
raul
ics:
the
digi
tal
one-
and
tw
o-ax
is c
ontr
olle
r H
NC
100
, the
fir
st h
ydra
ulic
s co
nnec
tion
to t
he o
pen
driv
e in
terf
ace,
Ser
cos
Inte
rfac
e. T
his
field
-pro
ven
and
fam
iliar
inte
rfac
e ca
n no
w n
ot o
nly
be u
sed
in t
he c
ontr
ol o
f el
ectr
ic s
ervo
mot
ors
and
freq
uenc
y co
nver
ters
, bu
t fo
r th
e fir
st t
ime
hydr
aulic
dri
ves
can
also
be
con-
trol
led.
30
Indu
stria
l Tec
hnol
ogy
Bus
ines
s S
ecto
r
Key
num
bers
2001
2000
Sal
es3.
21.
2bi
llion
euro
Inve
stm
ents
145
34m
illio
neu
roR
&D
Exp
ense
171
84m
illio
neu
ro
Our
Indu
stria
l Tec
hnol
ogy
Bus
i-ne
ss S
ecto
r ha
s be
com
e a
stro
ngpi
llar
of o
ur b
usin
ess.
Sin
ce M
ay,
2001
, we
have
incl
uded
Bos
chR
exro
th A
G in
con
solid
atio
n. In
this
com
pany
, we
com
bine
d ou
rA
utom
atio
n Te
chno
logy
Div
isio
nw
ith M
anne
sman
n R
exro
th A
G. T
hein
clus
ion
of th
e co
mpa
ny in
our
cons
olid
atio
n fo
r a
part
of t
he y
ear
alre
ady
near
ly tr
iple
d sa
les
ofin
dust
rial t
echn
olog
y to
bet
ter
than
3.2
billi
on e
uro.
Esp
ecia
lly im
por-
tant
: the
inte
grat
ion
of B
osch
Rex
roth
AG
to d
ate
has
gone
off
smoo
thly
. A s
ure
sign
: des
pite
the
wea
k ec
onom
y in
the
mec
hani
cal
engi
neer
ing
sect
or, w
e w
ere
able
to k
eep
or e
ven
expa
nd o
ur m
arke
tsh
are
in a
ll im
port
ant m
arke
ts.
7Th
e ba
ttle
agai
nst t
hew
ater
: as
mar
ket l
eade
rin
hyd
raul
ic a
nd c
ontro
lte
chno
logy
in th
e N
ethe
r-la
nds,
Bos
ch R
exro
thw
as in
volv
ed in
bui
ldin
gth
e O
oste
rsch
elde
sto
rmhi
gh-w
ater
wei
r. Th
e fir
stla
rge
mov
eabl
e ba
rrie
r is
part
of th
e D
elta
wor
ks,
whi
ch w
as b
uilt
in th
eS
outh
wes
tern
par
t of t
heN
ethe
rland
s as
pro
tec-
tion
agai
nst f
lood
ing.
7 Win
ter t
ires
unne
ces-
sary
: lea
ding
man
ufac
tur-
ers
of s
ki-ru
n tra
cked
vehi
cles
rely
on
the
mob
ile h
ydra
ulic
s fro
mB
osch
Rex
roth
. We
sup-
ply
axia
l-pis
ton
mac
hine
sfo
r tra
ck, s
now
-blo
win
gan
d w
inch
ope
ratio
n.
3332
Indu
stria
l Tec
hnol
ogy
Bus
ines
s S
ecto
rI
1C
lean
pac
kagi
ng te
chno
l-og
y fo
r liq
uid
med
icin
es:
we
supp
ly th
e ph
arm
a-ce
utic
al in
dust
ry w
ithco
mpa
ct e
quip
men
t to
clea
n, s
teril
ize,
fill
and
seal
cyl
indr
ical
am
pule
s.
7 Toug
hest
jobs
: hyd
ro-
cylin
ders
from
Bos
chR
exro
th re
gula
rlysh
ow u
p in
larg
e in
ter-
natio
nal p
roje
cts,
suc
has
the
build
ing
ofbr
idge
s, lo
cks
and
rese
rvoi
rs. O
ther
us
es a
re o
n sh
ips,
of
fsho
re p
latfo
rms
and
espe
cial
ly in
hea
vyin
dust
ry.
______________________________________________
______________________________________________
______________________________________________
Sal
es o
f ind
ustr
ial t
echn
olog
yTr
end
1997
–20
01 (
billi
on e
uro)
1.0
2.0
3.0
4.0
2001
2000
1999
1998
1997
3.2
1.2
1.1
1.1
1.1
Brid
ge –
or
how
to u
se th
e op
port
uniti
es o
f e-c
omm
erce
The
inte
rnet
por
tal o
f the
new
com
pany
bea
rs th
e ap
prop
riat
e na
me
Bri
dge
– or
“Bos
ch R
exro
th I
nteg
rate
d G
loba
l Ent
ranc
e”. B
y pr
ovid
ing
engi
neer
ing
appl
i-ca
tion
exam
ples
, it
supp
orts
cus
tom
ers
in c
hoos
ing
the
prod
ucts
the
y re
quir
e.A
nd sp
ecia
l con
figur
atio
n so
ftwar
e he
lps i
n co
mbi
ning
com
pone
nts i
nto
optim
alsy
stem
s. A
n el
ectr
onic
shop
allo
ws f
or o
nlin
e or
deri
ng o
f the
pro
duct
s sel
ecte
d.
Pac
kagi
ng te
chno
logy
: fro
m m
achi
nery
pro
duce
r to
tech
nolo
gy s
uppl
ier
As
impo
rtan
t as
the
ind
ustr
ial
tech
nolo
gy f
rom
the
new
ly f
orm
ed B
osch
Rex
roth
AG
is fo
r th
is b
usin
ess
sect
or, p
acka
ging
tech
nolo
gy is
als
o a
fact
or o
fno
tew
orth
y m
agni
tude
. Her
e, w
e ha
ve r
eorg
aniz
ed c
ompl
etel
y: fr
om th
e pu
repa
ckag
ing
mac
hine
ry p
rodu
cer
to t
he w
ide-
rang
ing
tech
nolo
gy s
uppl
ier.
We
are
curr
ently
co
ncer
ned
with
th
e in
tegr
ated
pr
oduc
tion
and
pack
agin
gpr
oces
ses
of o
ur c
usto
mer
s –
whe
reby
the
cla
ssic
al p
acka
ging
mac
hine
now
only
ser
ves
as a
com
pone
nt. D
urin
g 20
01 w
e ex
pand
ed o
ur in
tern
atio
nal p
osi-
tion
in p
acka
ging
tech
nolo
gy a
nd o
ur s
ales
gro
wth
out
pace
d th
at o
f the
mar
ket.
1P
rote
ctio
n fo
r the
hin
ter-
land
: The
hyd
raul
ic c
ylin
-de
rs c
arry
ing
the
gate
sof
the
Har
tel c
anal
wei
rw
ere
man
ufac
ture
d at
the
Bos
ch R
exro
th p
lant
in th
e N
ethe
rland
s. E
ach
cylin
der i
s 30
met
ers
inle
ngth
and
wei
ghs
70 to
ns. W
hen
exte
nded
,th
ey re
ach
a le
ngth
of
50 m
eter
s w
hen
the
wei
r
is le
t dow
n to
pro
tect
the
Rot
terd
am h
arbo
r are
aan
d hi
nter
land
from
hig
hw
ater
.
35
Pow
er to
ols:
the
mar
ket l
eade
r ta
kes
new
pat
hsEv
en in
diff
icul
t tim
es w
e do
not
lack
new
idea
s fo
r ou
r po
wer
-tool
s bu
sine
ss.
We
are
intr
oduc
ing
as a
wor
ld fi
rst a
wal
l sen
sor,
whi
ch c
an e
ven
dete
ct p
last
icm
ater
ials
in
wal
ls. T
his
min
imiz
es t
he r
isk
of d
amag
e w
hile
dri
lling
. In
orde
r to
get
suc
h in
nova
tions
to
the
craf
tsm
an a
nd t
he d
o-it-
your
selfe
r, w
e al
so
utili
zed
the
new
med
ia, f
or in
stan
ce b
y in
stitu
ting
an o
nlin
e ca
talo
g, w
hich
als
opr
ovid
es u
sers
with
adv
isor
y se
rvic
es a
nd w
hich
can
be
acce
ssed
at t
he in
tern
etad
dres
s “w
ww
.Bos
ch-p
t.com
”.
The
mar
ket i
n th
e co
re b
usin
ess
with
pow
er to
ols
was
sta
gnan
t in
2001
. In
ad-
ditio
n to
a w
eak
cons
truc
tion
mar
ket i
n E
urop
e, d
eman
d in
Nor
th A
mer
ica
also
fell.
Nev
erth
eles
s, w
e re
tain
ed o
ur w
orld
mar
ket l
eade
rshi
p w
ith th
e B
osch
, Ski
lan
d D
rem
el b
rand
s. I
n A
sia,
esp
ecia
lly i
n Ja
pan,
we
wer
e ab
le t
o fu
rthe
ren
hanc
e ou
r po
sitio
n as
the
larg
est n
on-A
sian
sup
plie
r.
Ther
mot
echn
olog
y: in
tern
atio
nal b
usin
ess
orie
ntat
ion
In a
diff
icul
t env
iron
men
t, w
e w
ere
also
abl
e to
ret
ain
our
stro
ng m
arke
t pos
i-tio
n in
ther
mot
echn
olog
y. W
e ar
e nu
mbe
r on
e in
gas
wat
er h
eate
rs in
Eur
ope,
and
num
ber
two
in g
as h
eatin
g un
its. N
earl
y 80
% o
f our
sal
es a
re m
ade
outs
ide
Ger
man
y, a
fac
t w
hich
is
proo
f of
our
int
erna
tiona
l or
ient
atio
n. E
spec
ially
in
Eur
ope,
our
wid
e ra
nge
of h
eat-v
alue
equ
ipm
ent
acco
mm
odat
es i
ncre
asin
g cu
stom
er d
eman
ds fo
r lo
wer
fuel
con
sum
ptio
n an
d be
tter
emis
sion
val
ues.
Hou
seho
ld a
pplia
nces
: mea
sure
s to
cop
e w
ith p
rice
eros
ion
and
pres
sure
on
mar
gins
BSH
Bos
ch u
nd S
iem
ens
Hau
sger
äte
Gm
bH, a
50–
50 B
osch
and
Sie
men
s jo
int
vent
ure
was
una
ble
to a
void
bei
ng a
ffect
ed b
y th
e w
eak
mar
ket
cond
ition
s.A
lthou
gh t
he c
ompa
ny g
aine
d so
me
mar
ket
shar
es i
n im
port
ant
Wes
t E
uro-
pean
cou
ntri
es, s
ales
dec
reas
ed b
y 3
% f
rom
the
pri
or y
ear
to 6
.1 b
illio
n eu
ro.
A b
undl
e of
mea
sure
s, th
ough
, fro
m p
rodu
ctiv
ity in
crea
ses
to a
ggre
ssiv
e in
no-
vatio
n, w
as a
ble
to li
mit
the
effe
ct o
f pri
ce r
educ
tions
and
mar
gin
pres
sure
s.
34
Con
sum
er G
oods
and
Bui
ldin
g Te
chno
logy
Bus
ines
s S
ecto
r
Key
num
bers
2001
2000
Sal
es7.
67.
5bi
llion
euro
Inve
stm
ents
248
223
mill
ion
euro
R&
D E
xpen
se23
520
8m
illio
neu
ro
The
wea
k ec
onom
ic c
limat
e of
2001
sof
tene
d ou
r co
nsum
ergo
ods
and
build
ing
tech
nolo
gybu
sine
ss. S
ales
in th
is b
usin
ess
sect
or, n
ot c
ount
ing
new
con
soli-
datio
ns, f
ell s
light
ly b
y 1.
6%
to
7.3
billi
on e
uro.
In o
rder
to ta
p ne
wso
urce
s of
gro
wth
, how
ever
, we
sele
ctiv
ely
broa
dene
d ou
r po
rtfo
liow
ith th
e re
cent
inte
grat
ion
of tw
oU
.S. c
ompa
nies
: with
Ver
mon
tA
mer
ican
Cor
pora
tion
we
rose
tobe
com
e th
e w
orld
lead
er in
pow
er-
tool
acc
esso
ries,
and
with
Det
ec-
tion
Sys
tem
s w
e ex
pand
ed o
urbu
sine
ss in
sec
urity
-tec
hnol
ogy
prod
ucts
.
7Tr
ains
are
an
impo
rtan
tm
eans
of c
opin
g w
ith th
elo
ng d
ista
nces
of t
heIn
dian
sub
cont
inen
t. Th
e10
7,00
0 ki
lom
eter
long
rail
netw
ork
has
alw
ays
to b
e ke
pt in
goo
d w
ork-
ing
orde
r. Th
at is
why
Indi
an ra
ilroa
d w
orke
rspr
efer
robu
st B
osch
tool
sfo
r the
ir co
nstru
ctio
n an
dre
pair
wor
k: te
n-ki
lo ro
ckdr
ills
pow
ered
by
spec
ial
gene
rato
rs in
Indi
a’s
hot
clim
ate.
______________________________________________
______________________________________________
______________________________________________
______________________________________________
Sal
es o
f con
sum
er g
oods
and
bui
ldin
g te
chno
logy
1
Tren
d 19
97–
2001
(bi
llion
eur
o)
24
68
10
2001
2000
1999
1998
1997
7.6
7.5
6.7
5.8
5.7
1 F
igur
es f
rom
19
99
on
incl
ude
the
secu
rity
tech
nolo
gy,
aero
spac
e en
gine
erin
g, a
nd
broa
dban
d co
mm
unic
atio
ns
prod
uct g
roup
s
3736
Con
sum
er G
oods
and
Bui
ldin
g Te
chno
logy
Bus
ines
s S
ecto
rI
7 We
offe
r fas
t int
erne
tac
cess
via
our
bro
ad-
band
cab
le n
etw
ork.
In a
pilo
t net
wor
k in
Zw
icka
u,in
Sax
ony,
cus
tom
ers
alre
ady
bene
fit fr
om th
ead
vant
ages
of t
his
ser-
vice
. We
have
sta
rted
with
the
enha
ncem
ent o
ffu
rther
city
net
wor
ks.
3 Han
dy h
elpe
rs in
eve
rysi
tuat
ion:
thou
sand
s of
craf
tsm
en w
orld
wid
esw
ear b
y th
e ne
w“D
rem
el”.
Equi
pped
with
a po
wer
ful b
atte
ry, i
t can
be p
ut to
use
with
out a
cord
, eve
ryw
here
.W
heth
er re
pairi
ng a
child
’s s
win
g or
doi
ng
filig
ree
hand
icra
fts –
itdr
ills,
scr
ews,
cut
s an
dgr
inds
eve
ryw
here
.
3 With
the
idea
of u
sing
ahy
drod
ynam
ic g
ener
ator
as th
e po
wer
sou
rce
for t
he b
urne
r ign
ition
,w
e on
ce a
gain
take
on
a pi
onee
ring
role
inth
erm
otec
hnol
ogy.
Thi
sw
orld
firs
t was
dev
el-
oped
at o
ur P
ortu
gues
epl
ant i
n A
veiro
, whe
re
it ha
s go
ne in
to p
rodu
c-tio
n.
Sec
urity
tech
nolo
gy: w
e no
w a
lso
have
pla
nts
in th
e U
.S.,
Chi
na a
nd A
ustr
alia
The
wor
ld m
arke
t for
secu
rity
tech
nolo
gy is
gro
win
g tw
ice
as fa
st a
s tha
t in
Ger
-m
any:
7%
vs.
3%
. We
are
taki
ng th
is in
to a
ccou
nt w
ith th
e ra
pid
inte
grat
ion
ofou
r U
.S.
com
pany
, D
etec
tion
Syst
ems.
Thi
s ad
ds p
rodu
ctio
n lo
catio
ns i
n th
eU
nite
d St
ates
, Chi
na a
nd A
ustr
alia
, as
wel
l as
20 s
ales
com
pani
es w
orld
wid
e,w
hich
we
inte
nd to
exp
and.
We
secu
red
a co
mpe
titiv
e ad
vant
age
in th
e vi
deo
mon
itori
ng o
f pu
blic
str
eets
and
pla
ces
– w
ith i
nitia
l pr
ojec
ts i
n H
esse
, B
rand
enbu
rg a
nd B
avar
ia.
Bro
adba
nd n
etw
orks
: new
opp
ortu
nity
for
a be
tter
mar
ket p
ositi
onA
lthou
gh th
e m
arke
t for
bro
adba
nd c
able
serv
ices
gro
ws c
ontin
ually
, it i
s cha
ng-
ing
fund
amen
tally
due
to sh
ifts i
n ne
twor
k ow
ners
hips
. We
are
taki
ng a
dvan
tage
of th
is to
stre
ngth
en o
ur m
arke
t pos
ition
. Afte
r the
star
t-up
of th
e pi
lot p
roje
ct in
Zwic
kau,
we
are
enha
ncin
g ot
her c
ity n
etw
orks
for i
nter
activ
e ca
ble
serv
ices
.
39
Pre
sent
on
all c
ontin
ents
In o
rder
to s
till b
ette
r co
mpe
nsat
e fo
r ec
onom
ic a
nd c
urre
ncy
fluct
uatio
ns, w
ear
e in
tens
ifyin
g ou
r in
tern
atio
nal
pres
ence
. W
e ar
e no
t on
ly s
tron
gly
emph
a-si
zing
add
ition
s in
the
var
ious
sec
tors
, bu
t ar
e al
so c
once
ntra
ting
on r
egio
nal
dive
rsity
. We
are
pres
ent o
n ea
ch c
ontin
ent a
nd r
epre
sent
ed b
y su
bsid
iari
es o
ras
soci
ate
com
pani
es in
mor
e th
an 5
0 co
untr
ies.
We
man
ufac
ture
our
pro
duct
sat
227
loca
tions
, of w
hich
171
are
out
side
Ger
man
y, a
nd a
re a
t the
fore
fron
t in
all m
arke
ts in
whi
ch w
e ar
e ac
tive.
Nor
th A
mer
ica
rem
ains
the
mos
t im
port
ant m
arke
t out
side
Ger
man
yW
e co
uld
not
cont
inue
the
hig
h ra
te o
f gr
owth
in
the
NA
FTA
are
a (U
SA,
Can
ada,
Mex
ico)
. T
he t
erro
r at
tack
s of
Sep
tem
ber
11 w
ere
too
muc
h of
an
addi
tiona
l bl
ow t
o th
e al
read
y w
eake
ned
Nor
th A
mer
ican
eco
nom
y. A
uto-
mob
ile p
rodu
ctio
n in
the
fou
rth
quar
ter
thus
fel
l by
10
% d
espi
te w
ides
prea
dsa
les
ince
ntiv
es. W
e w
ere
only
abl
e to
par
tially
com
pens
ate
for
this
. As
a re
sult
of n
ew c
onso
lidat
ions
, our
sal
es in
Nor
th A
mer
ica
incr
ease
d by
10
% to
6.3
bil-
lion
euro
. W
e em
ploy
24,
000
peop
le i
n th
e N
AFT
A a
rea
and
prod
uce
auto
-m
otiv
e te
chno
logy
, pow
er to
ols,
and
aut
omat
ion
and
pack
agin
g te
chno
logy
at
47 lo
catio
ns.
Opp
ortu
nitie
s fo
r exp
ansi
on o
f bus
ines
s w
ith J
apan
ese
auto
mob
ile p
rodu
cers
We
have
, in
rec
ent
year
s, s
igni
fican
tly s
tren
gthe
ned
our
posi
tion
in J
apan
,w
hich
rep
rese
nts
our
seco
nd-la
rges
t m
arke
t ov
erse
as. T
he f
ocus
of
our
activ
i-tie
s he
re i
s on
die
sel
inje
ctio
n, b
raki
ng b
usin
ess
and
vehi
cle
air-
cond
ition
ing
tech
nolo
gy. W
e in
crea
sing
ly in
tegr
ate
thes
e ac
tiviti
es in
to o
ur in
tern
atio
nal p
ro-
duct
ion
and
deve
lopm
ent
netw
ork.
Thi
s op
ens
up o
ppor
tuni
ties
for
furt
her
expa
nsio
n of
bus
ines
s w
ith J
apan
ese
auto
mob
ile m
anuf
actu
rers
and
the
irw
orld
wid
e tr
ansp
lant
s. I
n Ja
pan
too,
our
12
% g
row
th t
o 2.
2 bi
llion
eur
o is
attr
ibut
able
sol
ely
to n
ew c
onso
lidat
ion
mea
sure
s. O
ur w
orkf
orce
at
our
18 lo
catio
ns to
tals
8,8
00.
38Key
num
bers
2001
2000
Sal
es24
.622
.7bi
llion
euro
Inve
stm
ents
1,46
31,
260
mill
ion
euro
R&
D E
xpen
se77
771
6m
illio
neu
ro
The
terr
or a
ttac
k of
Sep
tem
ber 1
1sh
ocke
d th
e w
orld
eco
nom
y an
dsh
atte
red
the
hope
s fo
r a b
ette
rse
cond
hal
f of t
he y
ear.
Alth
ough
we
succ
eede
d in
incr
easi
ng o
urno
n-G
erm
an s
ales
by
8.6
% to
24
.6 b
illio
n eu
ro, t
his
rise
was
for
the
mos
t par
t due
to th
e ef
fect
s of
cons
olid
atio
n m
easu
res.
If th
ese
effe
cts
are
not t
aken
into
acc
ount
,w
e w
ere
only
abl
e to
sta
nd o
urgr
ound
in E
urop
e. H
ere
we
achi
eved
two
third
s of
our
sal
es. I
not
her r
egio
ns w
e su
ffer
ed s
ales
decr
ease
s. W
e ne
vert
hele
ss m
ain-
tain
our
str
ateg
ic g
oal o
f fur
ther
expa
ndin
g ou
r int
erna
tiona
l bus
i-ne
ss. W
e se
e op
port
uniti
es fo
rlo
ng-t
erm
gro
wth
abo
ve a
ll in
Am
eric
a an
d A
sia:
the
calls
for
stric
ter l
egis
latio
n to
con
trol
ca
rbon
-dio
xide
em
issi
ons
in th
eU
nite
d S
tate
s ar
e on
the
incr
ease
,w
hich
ope
ns u
p op
port
uniti
es
for t
he d
iese
l eng
ine.
And
in th
e Fa
r Eas
t, au
tom
obile
pro
duce
rs a
rein
crea
sing
ly w
illin
g to
buy
from
sup
-pl
iers
out
side
thei
r ow
n gr
oups
.
Inte
rnat
iona
l Bus
ines
s7 C
usto
mer
ser
vice
as
we
unde
rsta
nd it
: our
Indi
ande
aler
s al
so e
mph
asiz
eco
nsul
tatio
n an
d se
rvic
e.Th
e cu
stom
er re
ceiv
esde
taile
d in
form
atio
nab
out f
unct
ion
and
qual
-ity
of o
ur p
rodu
cts.
Te
chni
cal f
eatu
res
are
expl
aine
d us
ing
sam
ples
.
7P
rodu
ctio
n of
die
sel
inje
ctio
n pu
mps
on
the
Indi
an s
ubco
ntin
ent:
with
abou
t 11,
000
empl
oyee
sat
four
loca
tions
, we
pro-
duce
aut
omot
ive
tech
-no
logy
, aut
omat
ion
tech
-no
logy
, pac
kagi
ng te
ch-
nolo
gy a
nd p
ower
tool
sfo
r the
do-
it-yo
urse
lfer.
In a
dditi
on, i
n B
anga
lore
,70
0 em
ploy
ees
deve
lop
softw
are
for a
ll di
visi
ons
of th
e B
osch
Gro
up a
sw
ell a
s fo
r thi
rd p
artie
s.
4140
Die
sel-p
ower
ed v
ehic
les
also
gai
n im
port
ance
in K
orea
In o
rder
to o
ptim
ize
our
serv
ice
to th
e gr
owin
g m
arke
t for
die
sel-p
ower
ed v
ehi-
cles
in
Kor
ea,
we
have
com
men
ced
prod
uctio
n of
com
pone
nts
loca
lly.
We
star
ted
prod
ucin
g el
ectr
onic
con
trol
uni
ts fo
r di
esel
dir
ect-i
njec
tion
syst
ems
inou
r Ta
ejon
pla
nt. T
he p
rodu
ctio
n of
com
mon
-rai
l inj
ecto
rs w
ill fo
llow
in e
arly
2003
. Des
pite
falli
ng a
utom
obile
pro
duct
ion,
we
wer
e ab
le to
incr
ease
our
sal
esto
Kor
ean
auto
mob
ile m
anuf
actu
rers
.
Con
tinue
d ex
pans
ion
of o
ur C
hine
se b
usin
ess
Our
bus
ines
s vo
lum
e in
the
Chi
nese
mar
ket,
whi
ch s
how
s no
let
up i
n its
dyna
mic
gro
wth
, ros
e by
app
roxi
mat
ely
39%
. In
Chi
na w
e de
velo
p, p
rodu
cean
d se
ll –
part
ially
with
par
tner
s –
prod
ucts
of
auto
mot
ive
tech
nolo
gy,
auto
-m
atio
n te
chno
logy
, pa
ckag
ing
tech
nolo
gy,
ther
mot
echn
olog
y, s
ecur
ity t
ech-
nolo
gy, a
nd p
ower
tool
s an
d ho
useh
old
appl
ianc
es.
Gro
wth
in th
e E
urop
ean
regi
on o
utsi
de G
erm
any
Our
E
urop
ean
busi
ness
w
as
mar
ked
by
the
favo
rabl
e de
velo
pmen
ts
inFr
ance
, It
aly
and
Aus
tria
. T
his
was
pri
mar
ily t
he r
esul
t of
goo
d sa
les
of o
urdi
esel
sys
tem
s. W
e al
so e
xper
ienc
ed f
urth
er g
row
th i
n C
entr
al a
nd E
aste
rnE
urop
ean
coun
trie
s, w
hich
tur
ned
out
to b
e le
ss s
usce
ptib
le t
o th
e w
orld
wid
eec
onom
ic s
low
dow
n. I
n to
tal,
our
sale
s in
Eur
ope
(exc
ludi
ng G
erm
any)
incr
ease
d by
7.9
% t
o 12
.8 b
illio
n eu
ro.
Inte
rnat
iona
l Bus
ines
sI
The
mos
t im
port
ant
year
200
1 m
arke
ts
outs
ide
Ger
man
y
Sal
es (
billi
on e
uro)
NA
FTA
6.3
Fran
ce3.
2Ja
pan
2.2
U.K
.1.
8Ita
ly1.
7S
pain
1.4
Bra
zil
0.8
Aus
tria
0.6
Kore
a0.
6S
wed
en0.
6
3 Die
sel-p
ower
ed p
asse
n-ge
r aut
omob
iles
are
beco
min
g ev
er m
ore
popu
lar,
espe
cial
ly in
Euro
pe. T
he d
irect
-inje
c-tio
n sy
stem
s, w
hich
we
deve
lope
d, h
ave
sign
ifi-
cant
ly c
ontri
bute
d to
this
popu
larit
y. In
ord
er to
mee
t the
gro
win
gde
man
d, w
e ha
ve fu
rther
expa
nded
cap
acity
. At
our J
ihla
va (C
zech
Rep
ublic
) and
Bur
sa(T
urke
y) lo
catio
ns w
eha
ve in
crea
sed
man
ufac
-tu
ring
floor
spa
ce s
igni
fi-ca
ntly.
Her
e: A
Tur
kish
empl
oyee
test
s co
mm
on-
rail
inje
ctor
s, w
hich
we
prod
uce
ther
e si
nce
2000
.
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
Bre
akdo
wn
of s
ales
By
regi
ons
2001
(as
a p
erce
ntag
e)
1020
3040
5060
7080
9010
0
Eur
ope
Am
eric
as
Asi
a, A
fric
a, A
ustr
alia
65.2
21.5
13.3
4342
Res
earc
h an
d D
evel
opm
ent
The
tech
nica
l com
pete
nce
of th
eB
osch
Gro
up is
abo
ve a
ll ch
arac
-te
rized
by
inno
vativ
e pr
oduc
ts a
ndpr
oces
ses.
Our
res
earc
h an
dde
velo
pmen
t dep
artm
ents
are
maj
or c
ontr
ibut
ors
in th
is r
espe
ct.
They
gua
rant
ee th
e tr
ansf
er to
the
divi
sion
s of
new
tech
nolo
gies
,te
chni
cal c
once
pts
and
man
u-fa
ctur
ing
proc
esse
s.
77
We
deve
lop
biom
etric
ID
sys
tem
s fo
r the
iden
tific
atio
n an
d ve
rifi-
catio
n of
peo
ple-
rela
ted
auth
oriz
atio
ns. S
uch
sys-
tem
s ca
n be
use
d fo
r the
indi
vidu
al o
pera
tion
ofve
hicl
e sy
stem
s.
7W
orkp
iece
s to
be
coat
edor
glu
ed, m
ust b
e as
clea
n as
pos
sibl
e. In
orde
r to
asse
ss th
e ef
-fic
ienc
y of
cle
anin
gpr
oces
ses
for m
ass
pro-
duct
ion,
we
insp
ect t
hepa
rts w
ith e
llips
omet
ric,
lase
r-aid
ed m
easu
ring
tech
niqu
es, w
hich
can
dete
ct c
onta
min
atio
nw
ith a
film
thic
knes
s m
easu
red
in n
anom
eter
s.A
n em
ploy
ee h
ere
test
sth
e ex
act f
ocus
ing
of th
ela
ser b
eam
ont
o th
ew
orkp
iece
sur
face
.
1 “Inte
llige
nt”
igni
tion
ele-
men
ts w
ith in
tegr
ated
eval
uatio
n el
ectro
nics
are
key
com
pone
nts
of fu
ture
rest
rain
t sys
tem
s. W
ecu
rren
tly a
naly
ze th
e ne
c-es
sary
pro
duct
ion
proc
esse
s to
com
bine
thin
-film
igni
tors
with
elec
troni
c ch
ips.
Her
e:ig
nitio
n sp
ark
of a
thin
-fil
m a
irbag
igni
tor.
4544A
s fa
r ba
ck a
s 19
73, e
nviro
nmen
tal
prot
ectio
n w
as la
id d
own
as a
co
rpor
ate
prin
cipl
e fo
r th
e B
osch
Gro
up. I
t has
bee
n al
loca
ted
the
sam
e le
vel o
f prio
rity
as th
e qu
ality
of o
ur p
rodu
cts
and
the
econ
omic
succ
ess
of th
e co
mpa
ny. O
ur
corp
orat
e st
anda
rds
for
envi
ron-
men
tal p
rote
ctio
n no
t onl
y co
mpl
yw
ith th
e st
rict d
eman
ds in
Eur
ope,
but a
re a
lso
adhe
red
to a
t the
Bos
ch s
ites
all o
ver
the
wor
ld.
Acr
oss-
the-
boar
d in
trod
uctio
n of
env
ironm
enta
l-pro
tect
ion
man
agem
ent
The
int
rodu
ctio
n of
env
iron
men
tal-p
rote
ctio
n m
anag
emen
t sy
stem
s st
arte
d in
199
5. I
n th
e m
eant
ime,
mor
e th
an 1
20 s
ites
have
bee
n ce
rtifi
ed a
s pe
r IS
O 1
400
1. I
n 20
01, w
e ex
tend
ed t
he e
nvir
onm
enta
l-pro
tect
ion
man
agem
ent
obje
ctiv
es t
o co
ver
fire
prot
ectio
n an
d oc
cupa
tiona
l sa
fety
and
hea
lth. A
uni
-fo
rm, p
roce
ss-o
rien
ted
met
hod
is a
pplie
d to
gen
erat
e sy
nerg
etic
effe
cts b
etw
een
the
indi
vidu
al s
ecto
rs.
3-S
pro
gram
: Saf
e, C
lean
, Eco
nom
ical
Sinc
e 19
74, w
e ha
ve a
pplie
d th
is m
otto
to o
ur m
ain
rese
arch
and
dev
elop
men
tac
tiviti
es. O
ur h
ighl
y su
cces
sful
die
sel a
nd g
asol
ine-
inje
ctio
n sy
stem
s no
t on
lydr
astic
ally
red
uce
toxi
c em
issi
ons
but
also
red
uce
fuel
con
sum
ptio
n, w
ith t
here
sult
that
CO
2em
issi
ons
are
low
ered
ext
ensi
vely
to
the
bene
fit o
f th
e en
vi-
ronm
ent a
nd o
f res
ourc
es c
onse
rvat
ion.
Env
ironm
enta
lly-o
rient
ed p
rodu
ct d
evel
opm
ent
Env
iron
men
tal p
rote
ctio
n st
arts
alr
eady
dur
ing
the
prod
uct-d
evel
opm
ent s
tage
.Fr
om th
e ve
ry b
egin
ning
, our
dev
elop
men
t dep
artm
ents
take
into
acc
ount
the
stip
ulat
ions
cov
erin
g th
e m
inim
um a
mou
nt o
f m
ater
ial
used
and
the
ban
s on
cert
ain
mat
eria
l ty
pes,
as
wel
l as
the
reg
ulat
ions
on
recy
clin
g ca
pabi
litie
s an
dlo
w e
nerg
y le
vels
for
the
prod
uctio
n pr
oces
s. T
his
proc
edur
e co
ntri
bute
s to
the
incr
easi
ng e
nvir
onm
enta
l co
mpa
tibili
ty o
f ou
r pr
oduc
ts.
An
oil
filte
r, f
orin
stan
ce, w
hose
com
pone
nts
are
no lo
nger
glu
ed t
oget
her
so t
hat
they
can
be
reco
vere
d ag
ain
com
plet
ely
duri
ng th
e re
cycl
ing
proc
ess.
7 This
sym
bol f
or e
nviro
n-m
enta
l pro
tect
ion
atB
osch
sta
nds
for u
n-co
ntam
inat
ed w
ater
,cl
ean
air,
and
unsp
oilt
natu
re. T
he c
lose
dci
rcle
is s
ynon
ymou
s fo
rth
e lif
e cy
cle
as a
pplie
dto
nat
ure
and
to m
an-
mad
e pr
oduc
ts: F
rom
deve
lopm
ent,
thro
ugh
prod
uctio
n, a
nd u
p to
disp
osal
at t
he e
nd o
f the
pr
oduc
t’s u
sefu
l life
. The
Q
sha
pe im
plie
s th
eco
nnec
tion
to th
e B
osch
qual
ity s
ymbo
l.
7C
hips
fall
and
heat
isge
nera
ted
whe
reve
r dr
illin
g an
d tu
rnin
g ta
kes
plac
e. C
oolin
g lu
bric
ants
,w
hich
are
use
d to
pre
-ve
nt e
quip
men
t fro
mov
erhe
atin
g, s
tick
to th
edr
illin
g an
d tu
rnin
g ch
ips.
By
cent
rifug
al a
ctio
n, th
elu
bric
ant i
s se
para
ted
from
the
chip
s so
that
itca
n be
use
d ag
ain.
H
ighl
y in
nova
tive
tech
-no
logi
es e
ven
perm
itsu
ch lu
bric
ants
to b
edi
spen
sed
with
com
-pl
etel
y. In
the
phot
o:
In th
e Le
infe
lden
pla
ntne
ar S
tuttg
art,
pow
er-
tool
com
pone
nts
are
dry-
turn
ed.
Env
ironm
enta
l P
rote
ctio
n
47
Eff
ects
of n
ew c
onso
lidat
ions
lead
to a
n in
crea
se in
the
num
ber o
f em
ploy
ees
Alth
ough
the
wor
ldw
ide
wor
kfor
ce o
f th
e B
osch
Gro
up h
as c
lear
ly in
crea
sed,
this
inc
reas
e m
irro
rs p
rim
arily
the
effe
ct o
f ne
wly
con
solid
ated
ent
ities
. Fo
rin
stan
ce, t
he e
mpl
oyee
s of
Bos
ch R
exro
th A
G a
re in
clud
ed b
oth
in G
erm
any
and
abro
ad f
or t
he f
irst
tim
e in
200
1. T
he w
orkf
orce
out
side
Ger
man
yin
crea
sed
by b
ette
r th
an 9
,700
to 1
18,5
00, w
hile
Ger
man
em
ploy
men
t gre
w b
ym
ore
than
12,
600
to 1
02,5
00.
80%
mor
e in
tern
atio
nal t
ours
of d
uty
than
five
yea
rs a
goW
e at
tach
gre
at i
mpo
rtan
ce t
o th
e in
tern
atio
nal
exch
ange
of
empl
oyee
s. T
his
inte
nsifi
es
wor
ldw
ide
coop
erat
ion
and
espe
cial
ly
the
know
ledg
e tr
ansf
ers
insi
de th
e B
osch
Gro
up. A
nd, l
ast b
ut n
ot le
ast,
long
er to
urs o
f dut
y ab
road
pro
-m
ote
empl
oyee
dev
elop
men
t. A
t th
e be
ginn
ing
of 2
002,
1,6
80 e
mpl
oyee
sw
orke
d ou
tsid
e th
eir
hom
e co
untr
y –
30%
mor
e th
an t
he p
revi
ous
year
and
80%
mor
e th
an fi
ve y
ears
ago
.
App
rent
ices
shi
ne a
t Car
eer
Wor
ld T
ourn
amen
tEv
en o
ur a
ppre
ntic
es h
ave
a ch
ance
to p
rove
them
selv
es in
tern
atio
nally
. Dur
-in
g 20
01, m
ore
than
100
app
rent
ices
com
plet
ed a
tour
abr
oad.
At t
he b
egin
ning
of 2
002,
abo
ut 5
,800
you
ng p
eopl
e w
ere
enga
ged
in a
n ap
pren
tices
hip
pro-
gram
. T
he q
ualit
y of
our
tra
inin
g sh
owed
its
elf
in 2
001
in a
spe
cial
suc
cess
:ap
pren
tices
fro
m G
erm
any
and
Aus
tral
ia p
artic
ipat
ed i
n th
e C
aree
r W
orld
Tour
nam
ent i
n Se
oul,
afte
r th
ey h
ad e
xcel
led
in th
eir
disc
iplin
es in
thei
r re
spec
-tiv
e ho
me
coun
trie
s. O
ur A
ustr
alia
n ap
pren
tices
eve
n en
ded
up b
y w
inni
ng th
e“M
anuf
actu
ring
Tea
m C
halle
nge”
com
petit
ion
in th
e K
orea
n ca
pita
l.
46
Em
ploy
ees
of
the
Bos
ch G
roup
How
inno
vativ
e th
e B
osch
Gro
upis
, is
not o
nly
evid
ent i
n te
chno
logy
,bu
t als
o in
its
pers
onne
l and
soc
ial
serv
ices
. The
yea
r 20
01 p
rovi
ded
good
exa
mpl
es th
ereo
f, fo
rin
stan
ce, t
he s
uppl
emen
tary
sal
ary
and
wag
e ag
reem
ent f
or s
ome
of o
ur r
esea
rch
and
deve
lopm
ent
pers
onne
l. Th
e ag
reem
ent a
llow
sen
gine
ers
to w
ork
long
er o
n a
wee
kly
basi
s in
con
nect
ion
with
a lif
etim
e-w
ork-
acco
unt.
We
also
incr
easi
ngly
use
new
med
ia,
such
as
the
inte
rnet
pla
tfor
m
“e-f
ello
ws.
net”
in o
rder
to a
ttra
cthi
ghly
qua
lifie
d yo
unge
r st
aff.
7P
roof
of o
ur lo
yalty
to th
elo
catio
n G
erm
any:
the
new
bui
ldin
g co
mpl
ex a
tou
r Stu
ttgar
t-Feu
erba
chfa
cilit
ies,
whi
ch w
ent
into
use
in th
e fa
ll of
2001
afte
r tw
o ye
ars
ofco
nstru
ctio
n. W
ein
vest
ed 5
0 m
illio
n eu
roin
the
proj
ect.
Pers
onne
lde
velo
pmen
t, vo
catio
nal
and
adva
nced
trai
ning
,th
e R
ober
t Bos
ch K
olle
gan
d in
form
atio
n pr
oces
s-in
g, w
ork
here
on
a38
,500
sqm
larg
e flo
orsp
ace.
The
com
pany
heal
th-in
sura
nce
orga
ni-
zatio
n an
d th
e ET
AS
sub
-si
diar
y ar
e lo
cate
d he
reto
o. In
tota
l, 1,
500
empl
oyee
s w
ork
in th
ene
w b
uild
ing.
7 Ther
e is
room
too
for a
new
mec
hatro
nics
shop
. In
this
new
five
-flo
or b
uild
ing
we
have
fo
r the
firs
t tim
e br
ough
tto
geth
er u
nder
one
roof
the
train
ing
at o
ur la
rges
tG
erm
an lo
catio
n. O
nin
crea
sed
floor
spa
ce w
eno
w tr
ain
abou
t 630
youn
g w
omen
and
men
.In
the
year
200
1 al
one,
we
adde
d m
ore
than
20
0 ap
pren
tices
.
49
Sup
plem
enta
ry s
alar
y an
d w
age
agre
emen
t for
res
earc
h an
d de
velo
pmen
tD
espi
te a
ll ef
fort
s at
attr
actin
g ne
w e
mpl
oyee
s, t
he j
ob m
arke
t fo
r en
gine
ers
rem
ains
tig
ht.
Aga
inst
thi
s ba
ckgr
ound
, th
e su
pple
men
tary
sal
ary
and
wag
eag
reem
ent f
or s
ome
area
s of
our
res
earc
h an
d de
velo
pmen
t dep
artm
ent i
s pa
r-tic
ular
ly i
mpo
rtan
t. T
he n
ew r
ules
ope
n up
the
pos
sibi
lity
for
high
er-p
aid
empl
oyee
s in
the
se a
reas
, pri
mar
ily e
ngin
eers
, to
wor
k up
to
five
hour
s ex
tra
each
wee
k. H
alf
of t
his
time
is p
aid
for
dire
ctly
, and
the
oth
er h
alf
appl
ied
tolif
etim
e w
ork
acco
unts
. We
view
thi
s as
a b
reak
thro
ugh
on t
he w
ay t
o a
mor
edi
ffere
ntia
ted
wag
e an
d sa
lary
pol
icy,
whi
ch m
eets
the
need
s of
bot
h th
e co
m-
pany
and
the
indi
vidu
al.
Exp
ress
ion
of a
ppre
ciat
ion
to e
mpl
oyee
s an
d th
eir
repr
esen
tativ
esB
osch
is m
ade
up o
f peo
ple.
Ess
entia
lly, t
he c
ompa
ny’s
suc
cess
is b
ased
on
the
know
ledg
e, c
omm
itmen
t, an
d pe
rfor
man
ce o
f our
em
ploy
ees,
for
whi
ch w
e ar
ede
eply
tha
nkfu
l. W
e al
so w
ant
to e
xpre
ss o
ur a
ppre
ciat
ion
to t
he la
bor
repr
e-se
ntat
ives
for
thei
r w
illin
gnes
s to
coo
pera
te w
ith u
s in
a c
onst
ruct
ive
man
ner.
48
Mor
e pa
rtic
ipan
ts in
our
doc
tora
te s
tudy
pro
gram
We
also
enc
oura
ge th
e ne
xt-g
ener
atio
n sc
ient
ists
mor
e th
an e
ver.
As
such
, the
num
ber
of p
artic
ipan
ts in
the
doct
orat
e st
udy
prog
ram
at R
ober
t Bos
ch G
mbH
in G
erm
any
rose
aga
in.
Dur
ing
2001
, ap
prox
imat
ely
130
colle
ge g
radu
ate
empl
oyee
s pr
imar
ily w
ith d
egre
es in
phy
sics
, mec
hani
cal e
ngin
eeri
ng a
nd e
lec-
trot
echn
ical
eng
inee
ring
, re
ceiv
ed s
uppo
rt f
rom
us
in a
ttain
ing
thei
r do
ctor
’sde
gree
s. P
artic
ular
ly e
ncou
ragi
ng: a
bout
90
% o
f our
doc
tora
l can
dida
tes
stay
edw
ith th
e co
mpa
ny.
Con
tact
with
top
stud
ents
via
the
inte
rnet
We
trea
d ne
w p
aths
to a
ttrac
t hig
hly
qual
ified
you
ng r
ecru
its fo
r th
e co
mpa
ny.
Ear
ly in
200
1 w
e jo
ined
the
inte
rnet
pla
tform
“e-
fello
ws.
net”
, with
whi
ch E
uro-
pean
bus
ines
ses a
ddre
ss to
p st
uden
ts. I
n th
is fr
amew
ork,
we
appr
oach
the
“hig
hpo
tent
ials
” w
ith, f
or in
stan
ce, m
ento
ring
and
inte
rnat
iona
l tra
inin
g pr
ogra
ms.
Empl
oyee
s of
the
Bos
ch G
roup
I
3 The
capa
bilit
ies
of o
urap
pren
tices
wer
e sh
own,
amon
g ot
her t
hing
s, b
yth
ese
“trik
es”,
thre
e-w
heel
ed m
otor
cycl
es.
They
wor
ked
thre
e w
eeks
on th
e m
odel
s, s
tarti
ngw
ith th
e de
velo
pmen
t of
a co
ncep
t, fo
llow
ed b
ypr
ovin
g th
eir s
kills
:m
illin
g, fi
ling,
sol
derin
g.
Whe
ther
with
inlin
esk
atin
g or
bik
ing
– at
near
ly a
ll ou
r loc
atio
nsem
ploy
ees
have
join
edin
leis
ure
activ
itygr
oups
. The
y no
t onl
yse
ek to
bal
ance
thei
rca
reer
tens
ions
with
phys
ical
act
iviti
es, b
utal
so th
e pr
ivat
e co
n-ta
ct w
ith c
olle
ague
s.N
ew e
mpl
oyee
s es
-pe
cial
ly ta
ke a
dvan
-ta
ge o
f the
se o
ppor
tu-
nitie
s. Is
ther
e a
bette
rop
portu
nity
than
spo
rtfo
r get
ting
to k
now
som
eone
qui
ckly
?
5150Fi
nanc
ial S
tate
men
ts o
f the
Bos
ch G
roup
Wor
ldw
ide
Con
solid
ated
Bal
ance
She
et a
s of
Dec
embe
r 31,
200
1(m
illion
eur
o)
Ass
ets
App
endi
xD
ecem
ber
31,2
001
Dec
embe
r 31,
2000
Fixe
d as
sets
(6)
Inta
ngib
le fi
xed
asse
ts98
695
8
Tang
ible
fixe
d as
sets
7,43
66,
385
Fina
ncia
l inv
estm
ents
919
1,06
5
9,34
18,
408
Cur
rent
ass
ets
Leas
ed p
rodu
cts
3941
Inve
ntor
ies
(7)
3,93
23,
654
Acc
ount
s re
ceiv
able
and
oth
er a
sset
s(8
)
Acc
ount
s re
ceiv
able
5,73
35,
271
Oth
er re
ceiv
able
s an
d as
sets
1,83
02,
015
Mar
keta
ble
secu
ritie
s 3,
688
3,40
0
Liqu
id a
sset
s3,
180
1,68
4
18,4
0216
,065
Def
erre
d ex
pens
es40
31
27,7
8324
,504
Liab
ilitie
s an
d E
quity
App
endi
xD
ecem
ber
31,2
001
Dec
embe
r 31,
2000
Equ
ity c
apita
l(9
)
Cap
ital s
tock
1,20
092
0
Cap
ital s
urpl
us4,
557
2,36
7
Ear
ned
surp
lus
2,48
91,
905
Una
ppro
pria
ted
earn
ings
502,
603
Min
ority
inte
rest
s71
849
3
9,01
48,
288
Acc
rual
s w
ith v
alua
tion
rese
rve
port
ion
(10)
205
115
Acc
rual
s
Acc
rual
s fo
r pen
sion
s an
d si
mila
r obl
igat
ions
4,40
63,
800
Oth
er a
ccru
als
(11)
6,88
85,
958
11,2
949,
758
Liab
ilitie
s(1
2)
Liab
ilitie
s fr
om fi
nanc
ing
3,55
72,
538
Acc
ount
s pa
yabl
e2,
134
2,23
3
Oth
er li
abili
ties
1,55
31,
552
7,24
46,
323
Def
erre
d in
com
e26
20
27,7
8324
,504
52Fina
ncia
l Sta
tem
ents
of t
he B
osch
Gro
up W
orld
wid
eC
onso
lidat
ed S
tate
men
t of I
ncom
e fo
r the
per
iod
from
Jan
uary
1to
Dec
embe
r 31,
200
1(m
illion
eur
o)
53
Fina
ncia
l Sta
tem
ents
of t
he B
osch
Gro
up W
orld
wid
eC
apita
l Flo
w S
tate
men
t1(m
illion
eur
o)
App
endi
x20
0120
00
Sal
es(1
5)34
,029
31,5
56
Cha
nges
in fi
nish
ed g
oods
and
wor
k-in
-pro
gres
s in
vent
orie
san
d ot
her c
apita
lized
cos
ts(1
6)17
136
9
Tota
l ope
ratin
g pe
rfor
man
ce34
,200
31,9
25
Oth
er o
pera
ting
inco
me
(17)
2,19
52,
046
Cos
t of m
ater
ials
(18)
–16
,284
–15
,428
Per
sonn
el c
osts
(19)
–9,
959
–8,
950
Dep
reci
atio
n an
d am
ortiz
atio
n of
inta
ngib
le
and
tang
ible
fixe
d as
sets
–2,
502
–2,
250
Oth
er o
pera
ting
expe
nses
(17)
–6,
419
–6,
078
Net
inco
me
from
inve
stm
ents
(20)
155
83
Am
ortiz
atio
n of
fina
ncia
l inv
estm
ents
and
sec
uriti
es in
clud
edw
ith c
urre
nt a
sset
s–
101
–72
Inte
rest
inco
me,
net
of e
xpen
ses
(21)
126
138
Inco
me
from
ord
inar
y bu
sine
ss a
ctiv
ities
1,41
11,
414
Taxe
s on
inco
me
(22)
–76
1–
34
Net
inco
me
for
the
year
650
1,38
0
Incl
udin
g pr
ofit
and
loss
of m
inor
ity s
hare
hold
ers
(23)
–42
53
2001
2000
Net
inco
me
for t
he y
ear
650
1,38
0
Dep
reci
atio
n of
fixe
d as
sets
22,
551
2,30
9
Incr
ease
in lo
ng-t
erm
acc
rual
s an
d ac
crua
ls
with
val
uatio
n re
serv
e po
rtio
n48
040
Cas
h flo
w3,
681
3,72
9
Cha
nge
in in
vent
orie
s an
d le
ased
pro
duct
s27
8–
524
Cha
nge
in re
ceiv
able
s51
3–
500
Incr
ease
in s
hort
-ter
m a
ccru
als
188
136
Dec
reas
e in
liab
ilitie
s–
857
–11
5
Add
ition
s to
fund
s fr
om b
usin
ess
activ
ities
(1)
3,80
32,
726
Add
ition
s to
fixe
d as
sets
–2,
860
–2,
792
Ret
irem
ents
of f
ixed
ass
ets
432
472
Cha
nges
in th
e co
nsol
idat
ed g
roup
–43
0
App
licat
ion
of fu
nds
to in
vest
men
t act
iviti
es (
2)–
2,85
8–2
,320
Div
iden
ds 2
000/
1999
–2,
603
–41
Cap
ital i
ncre
ase
Rob
ert B
osch
Gm
bH2,
470
Cha
nge
in li
abili
ties
from
fina
ncin
g58
7–
19
Oth
er c
hang
es in
bal
ance
-she
et it
ems
9251
4
Add
ition
s to
fund
s fr
om fi
nanc
ial a
ctiv
ities
(3)
546
454
Cha
nge
in li
quid
ity (1
) +
(2)
+ (
3)1,
491
860
Liqu
idity
at t
he b
egin
ning
of t
he y
ear
5,08
43,
780
Cha
nges
in th
e co
nsol
idat
ed g
roup
293
444
Liqu
idity
at t
he e
nd o
f the
yea
r6,
868
5,08
4
1no
t pub
lishe
d in
the
Fede
ral G
azet
te2
afte
r off
set b
y w
rite-
ups
of 2
mill
ion
EU
R in
the
prio
r yea
r
54Fina
ncia
l Sta
tem
ents
of t
he B
osch
Gro
up W
orld
wid
e20
01 D
evel
opm
ent o
f Fix
ed A
sset
s(m
illion
eur
o)
55
Inta
ngib
le fi
xed
asse
ts
Con
cess
ions
, pat
ents
, tra
dem
arks
and
sim
ilar r
ight
s
and
asse
ts a
s w
ell a
s lic
ense
s to
suc
h rig
hts
and
asse
ts31
58
102
102
323
242
8186
115
Goo
dwill
2,01
546
657
192,
519
1,61
590
487
146
3
Adv
ance
pay
men
ts1
11
1
2,33
147
415
912
12,
843
1,85
798
695
857
8
Tang
ible
fixe
d as
sets
Land
, lea
seho
ld ri
ghts
and
bui
ldin
gs,
incl
udin
g bu
ildin
gs o
n la
nd o
wne
d by
oth
ers
3,89
484
314
277
231
4,72
52,
621
2,1
041
,718
195
Pro
duct
ion
equi
pmen
t and
mac
hine
ry10
,921
1,47
61,
149
419
1,13
012
,835
9,30
83,
527
3,10
81,
293
Oth
er e
quip
men
t, fix
ture
s an
d fu
rnitu
re4,
663
534
470
7367
85,
062
3,98
01,
082
903
436
Adv
ance
pay
men
ts a
nd c
onst
ruct
ion
in p
rogr
ess
675
7560
7–
569
6072
85
723
656
20,1
532,
928
2,36
82,
099
23,3
5015
,914
7,43
66,
385
1,92
4
Fina
ncia
l inv
estm
ents
Inve
stm
ents
in a
ffili
ated
com
pani
es72
7–
370
203
320
543
227
316
408
26
Loan
s to
aff
iliat
ed c
ompa
nies
8–
32
21
88
8
Inve
stm
ents
in a
ssoc
iate
d co
mpa
nies
146
4225
4916
437
127
110
1
Oth
er fi
nanc
ial i
nves
tmen
ts51
517
11–
2816
834
784
263
389
11
Long
-ter
m in
vest
men
ts10
62
681
175
1216
310
511
Oth
er lo
ans
463
7–
210
442
4245
1,54
8–
351
333
249
1,28
136
291
91,
065
49
Tota
l fix
ed a
sset
s24
,032
3,05
12,
860
2,46
927
,474
18,1
339,
341
8,40
82,
551
Jan.
1, 2
001
Cha
nges
in th
eA
dditi
ons
Tran
sfer
sR
etire
men
tsD
ec. 3
1,20
01D
epre
ciat
ion
Net
boo
kN
et b
ook
Dep
reci
atio
nco
nsol
idat
edcu
mul
ativ
eva
lue
as o
fva
lue
as o
fcu
rren
t yea
rgr
oup
to D
ec.3
1,20
01D
ec.3
1,20
01D
ec.3
1,20
00
Cos
t of a
cqui
sitio
n or
man
ufac
ture
56Ass
ets
Fixe
d as
sets
Inve
ntor
ies,
leas
ed p
rodu
cts
Rec
eiva
bles
Mar
keta
ble
secu
ritie
s, li
quid
ass
ets
Liab
iliti
es a
nd E
quit
y
Equ
ity c
apita
l
Long
-ter
m li
abili
ties
Cur
rent
liab
ilitie
s
1997
17,8
47
17,8
47
1998
18,5
82
18,5
82
1999
20,8
32
20,8
32
2000
24,5
04
24,5
04
2001
27,7
83
27,7
83
6,14
234
%
3,13
518
%
4,83
227
%
3,73
821
%
6,49
535
%
3,29
218
%
5,17
428
%
3,62
119
%
7,21
135
%
3,55
117
%
6,28
930
%
3,78
118
%
9,34
134
%
3,97
114
%
7,60
327
%
6,86
825
%
8,40
834
%
3,69
515
%
7,31
730
%
5,08
421
%
5,81
733
%
6,72
337
%
5,30
730
%
6,06
933
%
7,09
238
%
5,42
129
%
6,64
632
%
8,02
938
%
6,15
730
%
9,01
432
%
11,3
9341
%
7,37
627
%
8,28
834
%
8,45
734
%
7,75
932
%
Fina
ncia
l Sta
tem
ents
of t
he B
osch
Gro
up W
orld
wid
eB
alan
ce S
heet
Stru
ctur
e 19
97–
2001
(milli
on e
uro)
57
Fina
ncia
l Sta
tem
ents
of t
he B
osch
Gro
up W
orld
wid
eA
ppen
dix
2001
(1)
Gen
eral
rem
arks
The
con
solid
ated
sta
tem
ents
of t
he B
osch
Gro
up W
orld
wid
e co
nfor
m to
the
regu
latio
nsof
the
Com
mer
cial
Cod
e, a
nd w
ere
prep
ared
in e
uro
(EU
R).
In o
rder
to
ensu
re b
ette
r un
ders
tand
ing
of t
hese
fin
anci
al s
tate
men
ts, w
e co
mbi
ned
anu
mbe
r of
indi
vidu
al b
alan
ce s
heet
and
sta
tem
ent o
f inc
ome
item
s in
to k
ey g
roup
ings
.T
hese
item
s ar
e st
ated
sep
arat
ely
in t
his
appe
ndix
. Req
uire
d co
mm
ents
for
indi
vidu
alite
ms a
re a
lso
cont
aine
d in
this
app
endi
x. T
he c
onso
lidat
ed st
atem
ent o
f inc
ome
follo
ws
the
form
at o
f the
tota
l cos
t met
hod.
(2)
Con
solid
ated
gro
upT
he c
onso
lidat
ed g
roup
incl
udes
Rob
ert B
osch
Gm
bH a
nd 3
4 do
mes
tic a
s w
ell a
s 18
4fo
reig
n su
bsid
iari
es. F
or th
e fir
st ti
me,
we
cons
olid
ated
the
follo
win
g co
mpa
nies
:
– B
osch
Rex
roth
AG
, St
uttg
art,
from
May
1,
2001
(th
e su
b-co
nsol
idat
ion
incl
udes
13
dom
estic
and
48
fore
ign
subs
idia
ries
),–
Moe
hwal
d G
mbH
, Hom
burg
, Saa
r,–
Cen
tro
Stud
i Com
pone
nti p
er V
eico
li Sp
A, M
odug
no (B
ari),
Ita
ly,
– B
omor
o Po
rtug
uesa
, Fá
bric
a de
Com
pone
ntes
par
a o
Aut
omóv
el,
Lda
, To
ndel
a,
Port
ugal
,–
Rob
ert B
osch
, Sp.
z o
.o.,
War
saw
, Pol
and,
and
– B
osch
Bra
king
Sys
tem
s C
o L
td, S
hibu
ya-k
u, T
okyo
, Jap
an.
The
con
solid
atio
n w
as fu
rthe
r ex
pand
ed w
ith th
e in
clus
ion
of tw
o su
bsid
iari
es a
t Bos
chA
utom
otiv
e Sy
stem
s C
orpo
ratio
n, S
hibu
ya-k
u, T
okyo
, Ja
pan,
and
14
subs
idia
ries
at
Zexe
l Val
eo C
limat
e C
ontr
ol C
orpo
ratio
n, S
hibu
ya-k
u, T
okyo
, Jap
an.
Dur
ing
the
year
we
sold
the
busi
ness
of B
osch
Sat
Com
Gm
bH, B
ackn
ang.
The
con
solid
ated
sta
tem
ents
of B
SH B
osch
und
Sie
men
s H
ausg
erät
e G
mbH
, Mun
ich,
and
ZF
Len
ksys
tem
e G
mbH
, Sch
wäb
isch
Gm
ünd,
wer
e in
clud
ed p
ro r
ata
purs
uant
toSe
ctio
n 31
0 of
the
Com
mer
cial
Cod
e.
In a
ccor
danc
e w
ith S
ectio
n 29
6, P
arag
raph
2 o
f the
Com
mer
cial
Cod
e, c
ompa
nies
lack
-in
g op
erat
ions
or
havi
ng i
nsig
nific
ant
busi
ness
vol
ume,
wer
e no
t in
clud
ed w
ith t
heco
nsol
idat
ed fi
nanc
ial s
tate
men
ts.
The
eq
uity
va
luat
ion
of
mat
eria
l in
tere
sts
in
asso
ciat
ed
com
pani
es
was
ap
plie
d in
acc
orda
nce
with
the
book
-val
ue m
etho
d. T
his
valu
atio
n pe
rtai
ned
to th
ree
dom
estic
and
twel
ve fo
reig
n co
mpa
nies
.
Bec
ause
of
the
chan
ges
in t
he c
onso
lidat
ed g
roup
, sal
es in
crea
sed
by 2
.6 b
illio
n E
UR
and
bala
nce
shee
t tot
als
by 2
.5 b
illio
n E
UR
.
5958(3
)P
rinci
ples
of
clas
sific
atio
n an
dva
luat
ion
The
fina
ncia
l sta
tem
ents
of B
osch
Gro
up W
orld
wid
e in
clud
e th
e in
divi
dual
sta
tem
ents
of o
ur s
ubsi
diar
ies
whi
ch c
onfo
rm to
uni
form
pri
ncip
les
of c
lass
ifica
tion
and
valu
atio
n.
We
adhe
red
to t
he v
alua
tion
at l
ower
of
cost
or
mar
ket
and
impa
rity
of
gain
or
loss
reco
gniti
on.
Fina
ncia
l sta
tem
ents
of f
orei
gn a
ssoc
iate
d co
mpa
nies
wer
e no
t mod
ified
to c
ompl
y w
ithth
e un
iform
acc
ount
ing
prin
cipl
es o
f the
con
solid
ated
gro
up.
Inta
ngib
le a
sset
s in
clud
ing
good
will
res
ultin
g fr
om f
irst
-tim
e co
nsol
idat
ions
as
wel
l as
tang
ible
and
fina
ncia
l ass
ets
wer
e va
lued
at a
cqui
sitio
n co
st o
r co
st o
f man
ufac
ture
sub
-je
ct to
dep
reci
atio
n an
d am
ortiz
atio
n.
We
appl
ied
stra
ight
-line
as
wel
l as
acc
eler
ated
dep
reci
atio
n m
etho
ds.
Item
s of
min
orva
lue
wer
e fu
lly d
epre
ciat
ed d
urin
g th
e ye
ar o
f ac
quis
ition
. We
appl
ied
spec
ial d
epre
-ci
atio
n al
low
ance
s ac
cord
ing
to ta
x re
gula
tions
in a
ll co
untr
ies.
Inte
rest
-free
and
low
-inte
rest
loa
ns w
ere
adju
sted
to
refle
ct p
rese
nt v
alue
s by
app
li-ca
tion
of a
uni
form
dis
coun
t rat
e do
mes
tical
ly, a
nd p
reva
iling
rat
es in
fore
ign
coun
trie
s.
Add
ition
s to
inte
rest
s in
ass
ocia
ted
com
pani
es in
clud
e sh
ares
pur
chas
ed a
s w
ell a
s ca
pi-
tal
cont
ribu
tions
and
pro
rate
d pr
ofits
. R
etir
emen
ts i
nclu
de p
rora
ted
loss
es,
divi
dend
spa
id a
nd s
hare
s so
ld.
We
valu
ed in
vent
orie
s at
the
low
er o
f ave
rage
pur
chas
e or
man
ufac
turi
ng c
ost o
r m
ar-
ket.
Man
ufac
turi
ng c
osts
incl
ude
dire
ct c
osts
and
rea
sona
ble
over
head
.
At d
omes
tic c
ompa
nies
, the
Lifo
val
uatio
n m
etho
d w
as u
sed
in p
rinc
iple
. We
used
this
met
hod
also
at f
orei
gn s
ubsi
diar
ies
whe
n ac
cept
ed b
y th
e ta
x au
thor
ities
.
We
prov
ided
for
ris
ks i
nher
ent
in w
areh
ousi
ng a
nd d
istr
ibut
ion
thro
ugh
appr
opri
ate
dedu
ctio
ns. A
dditi
onal
wri
te-d
owns
wer
e ta
ken
in c
ases
of u
nfav
orab
le r
etur
ns.
Acc
ount
s re
ceiv
able
and
oth
er c
urre
nt a
sset
s w
ere
stat
ed a
t fac
e va
lues
less
wri
te-d
owns
for
indi
vidu
al r
isks
and
for
gene
ral c
redi
t ris
ks. I
nter
est-f
ree
or lo
w-in
tere
st r
ecei
vabl
esw
ith m
atur
ities
of m
ore
than
one
yea
r w
ere
disc
ount
ed.
We
valu
ed m
arke
tabl
e se
curi
ties
incl
uded
in
curr
ent
asse
ts a
t th
e lo
wer
of
acqu
isiti
onco
st o
r m
arke
t.
In d
eter
min
ing
the
size
of a
ccru
als
we
prov
ided
for
all i
dent
ifiab
le r
isks
.
(4)
Cur
renc
ytr
ansl
atio
nA
ccou
nts
rece
ivab
le a
nd a
ccou
nts
paya
ble
stat
ed in
fore
ign
curr
enci
es w
ere
tran
slat
edto
EU
R e
quiv
alen
ts a
t th
e le
ss f
avor
able
of
the
aver
age
exch
ange
rat
e at
the
dat
e of
orig
in, o
r at
the
bala
nce-
shee
t dat
e.
For
the
tran
slat
ion
to E
UR
of
the
finan
cial
sta
tem
ents
in
fore
ign
curr
enci
es a
nd
the
rela
ted
prof
its a
nd l
osse
s, w
e ap
plie
d, i
n pr
inci
ple,
ave
rage
exc
hang
e ra
tes
at t
he
bala
nce-
shee
t da
te.
Tran
sact
ions
per
tain
ing
to f
ixed
ass
ets
wer
e tr
ansl
ated
at
aver
age
annu
al E
UR
equ
ival
ents
. Res
ultin
g di
ffere
nces
wer
e in
clud
ed w
ith b
egin
ning
bal
ance
sof
cos
t of a
cqui
sitio
n or
man
ufac
ture
as
wel
l as
in c
umul
ativ
e de
prec
iatio
n.
Inco
me
and
expe
nses
wer
e tr
ansl
ated
at
aver
age
exch
ange
rat
es. D
iffer
ence
s re
sulti
ngfr
om t
he a
pplic
atio
n of
ave
rage
exc
hang
e ra
tes
vers
us y
ear-
end
exch
ange
rat
es w
ere
incl
uded
with
oth
er o
pera
ting
expe
nses
.
(5)
Con
solid
atio
n pr
inci
ples
For
capi
tal c
onso
lidat
ion
of c
ompa
nies
or
for
new
ly a
cqui
red
capi
tal s
hare
s, w
e ap
plie
dth
e bo
ok-v
alue
met
hod
at t
he d
ate
of a
cqui
sitio
n or
at
the
date
of
first
-tim
e co
nsol
ida-
tion.
As
far
as p
ossi
ble,
we
allo
cate
d am
ount
s su
bjec
t to
capi
taliz
atio
n to
the
resp
ectiv
eas
sets
. R
emai
ning
am
ount
s w
ere
incl
uded
with
goo
dwill
. N
egat
ive
good
will
res
ultin
gfr
om c
apita
l con
solid
atio
n w
as in
clud
ed w
ith e
arne
d su
rplu
s.
Rec
eiva
bles
and
pay
able
s, sa
les,
exp
ense
s, a
nd in
com
e, a
s wel
l as r
esul
ts w
ithin
the
con-
solid
ated
gro
up w
ere
elim
inat
ed.
Prof
its f
rom
sal
es t
o th
e co
nsol
idat
ed g
roup
by
asso
ciat
ed c
ompa
nies
wer
e no
t el
imi-
nate
d si
nce
they
wer
e in
sign
ifica
nt.
Def
erre
d ta
x as
sets
re
sulti
ng
from
co
nsol
idat
ion
mea
sure
s in
th
e am
ount
of
45
(pri
or y
ear
31) m
illio
n E
UR
wer
e in
clud
ed w
ith o
ther
ass
ets.
Pens
ion
accr
uals
and
sim
ilar
liabi
litie
s w
ere
dete
rmin
ed b
y th
e ap
plic
atio
n of
act
uari
alpr
inci
ples
and
wer
e di
scou
nted
to
refle
ct p
rese
nt v
alue
s. F
or d
omes
tic c
ompa
nies
, we
used
a 6
% d
isco
unt r
ate
in a
ccor
danc
e w
ith th
e 19
98 g
uide
line
tabl
es, w
hile
fore
ign
sub-
sidi
arie
s us
ed d
isco
unt r
ates
pre
vaili
ng in
thei
r re
spec
tive
coun
trie
s.
In d
eter
min
ing
the
amou
nts
accr
ued
for
pend
ing
tran
sact
ions
with
exp
ecte
d lo
sses
, we
basi
cally
took
acc
ount
of p
rice
s an
d co
sts
expe
cted
at t
he ti
me
thes
e tr
ansa
ctio
ns w
ould
clos
e.
Lia
bilit
ies
wer
e st
ated
at t
he a
mou
nts
owed
.
6160(6
)Fi
xed
asse
tsE
xtra
ordi
nary
dep
reci
atio
n an
d am
ortiz
atio
n am
ount
ing
to 2
86 m
illio
n E
UR
per
tain
edm
ostly
to g
oodw
ill a
nd to
fina
ncia
l inv
estm
ents
.
In a
ccor
danc
e w
ith ta
x re
gula
tions
, we
dedu
cted
an
extr
a 28
mill
ion
EU
R d
irec
tly fr
omth
e ac
quis
ition
cos
ts o
f ta
ngib
le f
ixed
ass
ets.
The
dep
reci
atio
n w
as t
aken
pur
suan
t to
Sect
ion
6b o
f th
e In
com
e Ta
x L
aw, a
nd p
ursu
ant
to lo
cal t
ax la
ws
at o
ur f
orei
gn s
ub-
sidi
arie
s.
The
dev
elop
men
t of f
ixed
ass
ets
is p
rese
nted
on
page
s 54
and
55
of th
is r
epor
t.
(7)
Inve
ntor
ies
Incl
uded
with
the
stat
ed v
alue
of i
nven
tori
es, i
n th
e am
ount
of 3
,932
mill
ion
EU
R, a
reou
r ad
vanc
e pa
ymen
ts
of
48
mill
ion
EU
R
(200
0:
40
mill
ion
EU
R).
On
the
othe
r ha
nd,
adva
nce
paym
ents
rec
eive
d in
the
am
ount
of
94 m
illio
n E
UR
(20
00:
77 m
illio
n E
UR
) wer
e de
duct
ed.
Inve
ntor
ies
incr
ease
d by
0.6
bill
ion
EU
R a
s th
e re
sult
of c
hang
es i
n th
e co
nsol
idat
edgr
oup.
Mill
ion
EU
R20
0120
00
Acc
ount
s re
ceiv
able
5,73
35,
271
incl
udin
g m
atur
ities
of m
ore
than
one
yea
r11
11
Oth
er r
ecei
vabl
es a
nd a
sset
sR
ecei
vabl
es fr
om a
ffili
ated
com
pani
es42
940
4in
clud
ing
mat
uriti
es o
f mor
e th
an o
ne y
ear
324
Rec
eiva
bles
from
com
pani
es in
whi
chin
tere
sts
are
held
147
70O
ther
ass
ets
1,25
41,
541
incl
udin
g m
atur
ities
of m
ore
than
one
yea
r10
093
1,83
02,
015
Rec
eiva
bles
and
oth
er a
sset
s7,
563
7,28
6
(8)
Acc
ount
s re
ceiv
able
and
othe
r as
sets
(9)
Equ
ity c
apita
lT
he s
ubsc
ribe
d ca
pita
l sto
ck o
f 1,2
00 m
illio
n E
UR
and
the
capi
tal s
urpl
us o
f 4,5
57 m
il-lio
n E
UR
cor
resp
ond
to th
e re
spec
tive
bala
nce-
shee
t ite
ms
of R
ober
t Bos
ch G
mbH
. As
a re
sult
of th
e “p
ay-o
ut-a
nd-r
einv
est”
pro
cedu
re c
arri
ed o
ut a
t Rob
ert B
osch
Gm
bH in
2001
, sub
scri
bed
capi
tal
stoc
k an
d ca
pita
l su
rplu
s in
crea
sed
by 2
80 m
illio
n E
UR
and
2,19
0 m
illio
n E
UR
res
pect
ivel
y.
Ear
ned
surp
lus
acco
unts
con
sist
of t
he fo
llow
ing:
Mill
ion
EU
R20
0120
00
Ear
ned
surp
lus
of R
ober
t Bos
ch G
mbH
442
92O
ther
ear
ned
surp
lus
2,04
71,
813
2,48
91,
905
Una
ppro
pria
ted
earn
ings
of
the
cons
olid
ated
gro
up a
re i
dent
ical
to
thos
e of
Rob
ert
Bos
ch G
mbH
.
(10)
Acc
rual
s w
ithva
luat
ion
rese
rve
port
ion
Acc
rual
s w
ith v
alua
tion
rese
rve
port
ion
wer
e fo
rmed
pur
suan
t to
Sec
tions
6b
and
52Pa
ragr
aph
16 o
f th
e In
com
e Ta
x L
aw, a
s w
ell a
s Se
ctio
n 82
d, I
ncom
e Ta
x Im
plem
en-
tatio
n R
egul
atio
n, S
ectio
n 3
Law
for
the
Pro
mot
ion
of t
he E
cono
my
of t
he B
orde
rR
egio
ns, a
nd S
ectio
n 4
Are
a E
cono
mic
Dev
elop
men
t Law
. Our
fore
ign
subs
idia
ries
fol-
low
ed lo
cal r
egul
atio
ns w
ith r
espe
ct to
suc
h ite
ms.
(11)
Oth
er a
ccru
als
Mill
ion
EU
R20
0120
00
Acc
rued
taxe
s32
016
5O
ther
acc
rual
s6,
568
5,79
36,
888
5,95
8
Acc
ount
s re
ceiv
able
incr
ease
d by
0.7
bill
ion
EU
Ras
the
res
ult
of c
hang
es in
the
con
-so
lidat
ed g
roup
.
The
cha
nges
in th
e co
nsol
idat
ed g
roup
cau
sed
accr
uals
for
pens
ions
and
sim
ilar
liabi
l-iti
es to
incr
ease
by
0.4
billi
on E
UR
, and
for
othe
r ac
crua
ls to
ris
e by
0.5
bill
ion
EU
R.
6362(1
2)Li
abili
ties
Mill
lion
EU
R20
01In
clud
ing
2000
Incl
udin
gm
atur
ities
mat
uriti
esup
to o
neup
to o
neye
arye
ar
Liab
ilitie
s fr
om fi
nanc
ing
Bon
ds1,
863
8648
694
Liab
ilitie
s w
ith b
anks
1,56
639
11,
702
902
Oth
er fi
nanc
ing
liabi
litie
s112
812
835
035
03,
557
606
2,53
81,
346
Acc
ount
s pa
yabl
e2,
134
2,13
32,
233
2,22
9
Oth
er li
abili
ties
Liab
ilitie
s fr
om a
ccep
tanc
esan
d dr
afts
162
162
106
106
Liab
ilitie
s w
ith a
ffili
ated
com
pani
es21
421
225
025
0
Liab
ilitie
s w
ith c
ompa
nies
in w
hich
inte
rest
s ar
e he
ld90
9099
99
Oth
er li
abili
ties
1,08
71,
048
1,09
71
,019
1,55
31,
512
1,55
21,
474
Tota
l lia
bilit
ies
7,24
44,
250
6,32
35,
049
1C
omm
erci
al p
aper
, loa
n no
tes
Of
the
liabi
litie
s w
ith b
anks
, 91
mill
ion
EU
R w
ere
secu
red
by m
ortg
ages
and
ano
ther
18 m
illio
n E
UR
by
othe
r lie
ns.
Of
othe
r lia
bilit
ies,
4 m
illio
n E
UR
wer
e se
cure
d by
mor
tgag
es a
nd 7
mill
ion
EU
R b
y ot
her
liens
.
Oth
er l
iabi
litie
s co
ntai
n ta
x lia
bilit
ies
in t
he a
mou
nt o
f 30
0 m
illio
n E
UR
(20
00:
275
mill
ion
EU
R)
and
liabi
litie
s pe
rtai
ning
to
soci
al o
blig
atio
ns i
n th
e am
ount
of
208
mill
ion
EU
R (
2000
: 19
5 m
illio
n E
UR
). L
iabi
litie
s w
ith s
hare
hold
ers
in t
he a
mou
nt o
f13
mill
ion
EU
R (2
000:
24
mill
ion
EU
R) p
erta
in to
Rob
ert B
osch
Stif
tung
Gm
bH.
Tota
l lia
bilit
ies
with
mat
uriti
es o
f m
ore
than
5 y
ears
am
ount
ing
to 1
20 m
illio
n E
UR
incl
uded
110
mill
ion
EU
R o
f lia
bilit
ies
with
ban
ks a
nd 1
0 m
illio
n E
UR
of
othe
r lia
b-ili
ties.
As
a re
sult
of c
hang
es in
the
con
solid
ated
gro
up, B
osch
Gro
up li
abili
ties
incr
ease
d by
1.2
billi
on E
UR
.
(13)
Con
tinge
nt
liabi
litie
sM
illio
n E
UR
Con
tinge
nt li
abili
ties
from
the
issu
ance
or t
rans
fer o
f not
es16
8in
clud
ing
on b
ehal
f of a
ffili
ated
com
pani
es16
Con
tinge
nt li
abili
ties
from
gua
rant
ees
101
incl
udin
g on
beh
alf o
f aff
iliat
ed c
ompa
nies
36C
ontin
gent
liab
ilitie
s fr
om w
arra
ntie
s48
Con
tinge
nt li
abili
ties
from
col
late
ral g
iven
for t
hird
-par
ty li
abili
ties
20
As
a pa
rtne
r in
tw
o fo
reig
n pr
ivat
e co
mpa
nies
, w
e ar
e jo
intly
and
sev
eral
ly l
iabl
e in
acco
rdan
ce w
ith le
gal r
equi
rem
ents
.
(15)
Bre
akdo
wn
of s
ales
Mill
ion
EU
R20
01%
2000
%
Sal
es b
y bu
sine
ss s
ecto
rs
Aut
omot
ive
tech
nolo
gy23
,228
68.3
22,4
7171
.2In
dust
rial t
echn
olog
y3,
176
9.3
1,19
83.
8C
onsu
mer
goo
ds a
nd
build
ing
tech
nolo
gy1
7,62
522
.47,
452
23.6
Spu
n-of
f div
isio
ns o
f co
mm
unic
atio
ns te
chno
logy
2–
–43
51.
434
,029
100.
031
,556
100.
0
1In
clud
ing
the
secu
rity
tech
nolo
gy, a
eros
pace
eng
inee
ring
and
broa
dban
d ne
twor
kspr
oduc
t gro
ups
2P
ublic
and
priv
ate
netw
orks
as
wel
l as
term
inal
s
Mill
ion
EU
R20
01%
2000
%
Sal
es b
y re
gion
s
Cou
ntrie
s of
the
Eur
opea
n U
nion
20,4
9160
.219
,140
60.7
Res
t of E
urop
e1,
692
5.0
1,58
65.
0A
mer
icas
7,31
621
.56,
796
21.5
Asi
a, A
fric
a, A
ustr
alia
4,53
013
.34,
034
12.8
34,0
2910
0.0
31,5
5610
0.0
(14)
Oth
er fi
nanc
ial
oblig
atio
nsR
ober
t Bos
ch G
mbH
had
a fi
nanc
ial c
omm
itmen
t for
the
acqu
isiti
on o
f Rex
roth
AG
of
abou
t 2.2
bill
ion
EU
R.
Oth
er f
inan
cial
obl
igat
ions
of
sign
ifica
nce
for
an o
pini
on o
n th
e fin
anci
al c
ondi
tion
ofth
e co
mpa
ny d
id n
ot e
xist
.
In th
e co
nsol
idat
ed fi
nanc
ial s
tate
men
ts fo
r 20
01 w
e ha
ve c
hang
ed th
e cl
assi
ficat
ion
oflia
bilit
ies.
Pri
or y
ear
amou
nts
have
bee
n ch
ange
d to
ach
ieve
com
para
bilit
y.
6564(1
8)C
ost o
f mat
eria
lsM
illio
n E
UR
2001
2000
Cos
t of r
aw m
ater
ials
, sup
plie
s an
d m
erch
andi
se14
,925
14,3
83P
urch
ased
ser
vice
s1,
359
1,04
516
,284
15,4
28
(19)
Pers
onne
l cos
tsM
illio
n E
UR
2001
2000
Wag
es a
nd s
alar
ies
7,99
07,
159
Soc
ial s
ecur
ity, p
ensi
on p
lans
, and
sup
port
pay
men
ts1,
969
1,79
1of
whi
ch p
ensi
on p
lans
569
529
9,95
98,
950
(16)
Cha
nges
in fi
n-is
hed
good
s an
dw
ork-
in-p
rogr
ess
inve
ntor
ies
and
othe
r ca
pita
lized
cost
s
Mill
ion
EU
R20
0120
00
Cha
nge
in fi
nish
ed g
oods
and
wor
k-in
-pro
gres
s in
vent
orie
s–
164
161
Oth
er c
apita
lized
cos
ts33
520
817
136
9
(17)
Oth
er o
pera
ting
expe
nses
and
inco
me
Exp
ense
s re
sulti
ng f
rom
add
ition
s to
acc
rual
s w
ith v
alua
tion
rese
rve
port
ion
in t
heam
ount
of 9
5 m
illio
n E
UR
are
incl
uded
in o
ther
ope
ratin
g ex
pens
es. I
ncom
e fr
om th
ere
vers
al o
f acc
rual
s w
ith v
alua
tion
rese
rve
port
ion
in th
e am
ount
of 4
2 m
illio
n E
UR
are
incl
uded
in o
ther
ope
ratin
g in
com
e.
Ave
rage
num
bers
of e
mpl
oyee
sdu
ring
the
year
, by
regi
on:
2001
Incl
udin
g20
00In
clud
ing
Tota
lB
SH
,To
tal
BS
H,
ZFLS
ZFLS
(pro
rate
d)(p
rora
ted)
Cou
ntrie
s of
the
Eur
opea
n U
nion
135,
986
15,4
8912
5,78
315
,406
Res
t of E
urop
e15
,715
2,58
112
,285
2,81
2A
mer
icas
36,5
262,
780
33,1
182,
728
Asi
a, A
fric
a, A
ustr
alia
30,1
501,
952
25,6
941,
681
218,
377
22,8
0219
6,88
022
,627
(20)
Net
inco
me
from
inve
stm
ents
Mill
ion
EU
R20
0120
00
Inco
me
from
inve
stm
ents
117
48in
clud
ing
affil
iate
d co
mpa
nies
1420
Res
ult f
rom
ass
ocia
ted
com
pani
es37
39P
rofit
/los
s tr
ansf
ers
1–
415
583
(21)
Inte
rest
inco
me,
net o
f exp
ense
sM
illio
n E
UR
2001
2000
Inte
rest
from
oth
er s
ecur
ities
and
from
loan
s in
clud
edw
ith fi
nanc
ial i
nves
tmen
ts4
4in
clud
ing
affil
iate
d co
mpa
nies
–1
Oth
er in
tere
st a
nd s
imila
r inc
ome
335
320
incl
udin
g af
filia
ted
com
pani
es8
9In
tere
st a
nd s
imila
r exp
ense
s–
213
– 18
6in
clud
ing
affil
iate
d co
mpa
nies
11
126
138
(22)
Tax
expe
nses
Mill
ion
EU
R20
0120
00
Taxe
s on
inco
me
761
34O
ther
taxe
s14
314
690
418
0
Oth
er ta
xes
are
show
n un
der
othe
r op
erat
ing
expe
nses
.
The
impa
ct o
f oth
er ta
x al
low
ance
s on
the
prof
it fo
r th
e fis
cal y
ear
as w
ell a
s in
form
erye
ars,
and
the
siz
e of
fut
ure
burd
ens
from
the
res
ultin
g va
luat
ions
are
of
seco
ndar
y si
gnifi
canc
e.
6766(2
3)P
rofit
and
loss
of
min
ority
sh
areh
olde
rs
Mill
ion
EU
R20
0120
00
Pro
fits
5693
Loss
es–
98–
40–
4253
(24)
Com
pens
atio
n of
the
mem
bers
of
the
Boa
rd o
fM
anag
emen
t and
of
the
Sup
ervi
sory
Cou
ncil
Dur
ing
2001
, the
agg
rega
te c
ompe
nsat
ion
of th
e m
embe
rs o
f the
Boa
rd o
f Man
agem
ent
of R
ober
t Bos
ch G
mbH
am
ount
ed to
10
mill
ion
EU
R. F
orm
er m
embe
rs o
f the
Boa
rdof
Man
agem
ent a
nd th
eir
depe
nden
ts r
ecei
ved
6 m
illio
n E
UR
, and
the
mem
bers
of t
heSu
perv
isor
y C
ounc
il ab
out o
ne m
illio
n E
UR
.
Acc
rual
s at
Rob
ert
Bos
ch G
mbH
for
pen
sion
lia
bilit
ies
for
form
er m
embe
rs o
f th
eB
oard
of M
anag
emen
t and
thei
r de
pend
ents
am
ount
ed to
47
mill
ion
EU
R.
The
mem
bers
of t
he S
uper
viso
ry C
ounc
il of
Rob
ert B
osch
Gm
bH a
re li
sted
on
page
6an
d of
the
Boa
rd o
f Man
agem
ent o
n pa
ges
8 an
d 9.
(25)
Sha
reho
ldin
gs
of B
osch
Gro
upW
orld
wid
e
A li
stin
g of
the
sha
reho
ldin
gs o
f th
e co
nsol
idat
ed B
osch
Gro
up w
ill b
e de
posi
ted
with
the
com
mer
cial
reg
istr
y of
the
Stut
tgar
t Cou
rt.
Stut
tgar
t, M
arch
6, 2
002
Rob
ert B
osch
Gm
bHT
he B
oard
of M
anag
emen
t
Aud
itors
’ rep
ort
We
have
au
dite
d th
e co
nsol
idat
ed
finan
cial
st
atem
ents
an
d th
e gr
oup
man
age-
men
t re
port
pre
pare
d by
Rob
ert
Bos
ch G
mbH
, St
uttg
art,
for
the
busi
ness
yea
r fr
om
Janu
ary
1 to
Dec
embe
r 31
, 20
01.
The
pre
para
tion
of t
he c
onso
lidat
ed f
inan
cial
sta
te-
men
ts a
nd g
roup
man
agem
ent
repo
rt i
n ac
cord
ance
with
Ger
man
com
mer
cial
law
is
the
resp
onsi
bilit
y of
the
Com
pany
’s m
anag
emen
t. O
ur r
espo
nsib
ility
is
to e
xpre
ss a
nop
inio
n on
the
con
solid
ated
fin
anci
al s
tate
men
ts a
nd t
he g
roup
man
agem
ent
repo
rtba
sed
on o
ur a
udit.
We
cond
ucte
d ou
r au
dit o
f the
con
solid
ated
ann
ual f
inan
cial
sta
tem
ents
in a
ccor
danc
ew
ith §
317
HG
B (G
erm
an C
omm
erci
al C
ode)
and
the
gene
rally
acc
epte
d G
erm
an s
tan-
dard
s fo
r th
e au
dit o
f fin
anci
al s
tate
men
ts p
rom
ulga
ted
by th
e In
stitu
t der
Wir
tsch
afts
-pr
üfer
(ID
W).
The
app
lied
stan
dard
s ar
e al
so i
n ac
cord
ance
with
the
Int
erna
tiona
l St
anda
rds
on A
uditi
ng.
Tho
se s
tand
ards
req
uire
tha
t w
e pl
an a
nd p
erfo
rm t
he a
udit
such
that
mis
stat
emen
ts m
ater
ially
affe
ctin
g th
e pr
esen
tatio
n of
the
net a
sset
s, fi
nanc
ial
posi
tion
and
resu
lts o
f ope
ratio
ns in
the
cons
olid
ated
fina
ncia
l sta
tem
ents
in a
ccor
danc
ew
ith G
erm
an p
rinc
iple
s of
pro
per
acco
untin
g an
d in
the
grou
p m
anag
emen
t rep
ort a
rede
tect
ed w
ith r
easo
nabl
e as
sura
nce.
Kno
wle
dge
of t
he b
usin
ess
activ
ities
and
the
eco
-no
mic
and
leg
al e
nvir
onm
ent
of t
he C
ompa
ny a
nd e
valu
atio
ns o
f po
ssib
le m
isst
ate-
men
ts a
re t
aken
int
o ac
coun
t in
the
det
erm
inat
ion
of a
udit
proc
edur
es. T
he e
ffect
ive-
ness
of t
he in
tern
al c
ontr
ol s
yste
m a
s it
rela
tes
to a
ccou
ntin
g an
d th
e ev
iden
ce s
uppo
rt-
ing
the
disc
losu
res
in th
e co
nsol
idat
ed fi
nanc
ial s
tate
men
ts a
nd th
e gr
oup
man
agem
ent
repo
rt a
re e
xam
ined
pri
mar
ily o
n a
test
bas
is w
ithin
the
fra
mew
ork
of t
he a
udit.
The
audi
t in
clud
es a
sses
sing
the
ann
ual
finan
cial
sta
tem
ents
of
the
com
pani
es i
nclu
ded
inco
nsol
idat
ion,
the
dete
rmin
atio
n of
the
com
pani
es to
be
incl
uded
in c
onso
lidat
ion,
the
acco
untin
g an
d co
nsol
idat
ion
prin
cipl
es u
sed
and
sign
ifica
nt e
stim
ates
mad
e by
man
-ag
emen
t, as
wel
l as
eva
luat
ing
the
over
all
pres
enta
tion
of t
he c
onso
lidat
ed f
inan
cial
stat
emen
ts a
nd t
he g
roup
man
agem
ent
repo
rt.
We
belie
ve t
hat
our
audi
t pr
ovid
es a
reas
onab
le b
asis
for
our
opin
ion.
Our
aud
it ha
s no
t led
to a
ny r
eser
vatio
ns.
In o
ur o
pini
on, t
he c
onso
lidat
ed fi
nanc
ial s
tate
men
ts g
ive
a tr
ue a
nd fa
ir v
iew
of t
he n
etas
sets
, fin
anci
al p
ositi
on a
nd r
esul
ts o
f ope
ratio
ns o
f the
Gro
up in
acc
orda
nce
with
Ger
-m
an p
rinc
iple
s of
pro
per
acco
untin
g. O
n th
e w
hole
the
grou
p m
anag
emen
t rep
ort p
ro-
vide
s a
suita
ble
unde
rsta
ndin
g of
the
Gro
up’s
pos
ition
and
sui
tabl
y pr
esen
ts th
e ri
sks
offu
ture
dev
elop
men
ts.
Stut
tgar
t, M
arch
6, 2
002
Ern
st &
You
ngD
euts
che
Allg
emei
ne T
reuh
and
AG
Wir
tsch
afts
prüf
ungs
gese
llsch
aft
Prof
. Dr.
Pfitz
erD
r. O
ser
Wir
tsch
afts
prüf
erW
irts
chaf
tspr
üfer
68Maj
or C
ompa
nies
of t
he B
osch
Gro
up W
orld
wid
e(a
s of
Dec
embe
r 31,
2001
)(m
illion
eur
o)
Nam
eLo
catio
nE
quity
Equ
ityS
ales
2P
rofit
Cap
ital
Cap
ital2
or lo
ss2
% o
wne
d1
Nam
eLo
catio
nE
quity
Equ
ityS
ales
2P
rofit
Cap
ital
Cap
ital2
or lo
ss2
% o
wne
d1
1S
hare
s he
ld d
irect
ly a
nd in
dire
ctly
by R
ober
t Bos
ch G
mbH
2Tr
ansl
atio
n of
fore
ign
curr
enci
es (
exce
pt E
UR
cou
ntrie
s)pe
rtai
ning
to e
quity
cap
ital a
nd p
rofit
and
loss
sta
ted
at a
vera
geex
chan
ge ra
tes
at th
e ba
lanc
e-sh
eet d
ate;
sale
s st
ated
at a
vera
geex
chan
ge ra
tes
of th
e ye
ar3
Pro
fit a
nd lo
ss tr
ansf
er a
gree
men
t (P
LT)
4R
epre
sent
s a
cons
olid
ated
sub
-gro
up5
From
May
1, 2
001
6S
tub
perio
d A
pril
1 to
Dec
embe
r 31,
200
1
69
Ger
man
y
Bla
upun
kt G
mbH
Hild
eshe
im10
095
1,06
5P
LT3
Bos
ch R
exro
th A
G4,
5S
tuttg
art
100
871
2,57
72
BS
H B
osch
und
Sie
men
s H
ausg
erät
e G
mbH
4M
unic
h50
837
6,09
212
6B
osch
Tel
ecom
Gm
bHS
tuttg
art
100
475
542
200
BT
Mag
net-T
echn
olog
ie G
mbH
Her
ne50
3479
4E
TAS
Ent
wic
klun
gs-
und
App
likat
ions
wer
kzeu
ge
für e
lekt
roni
sche
Sys
tem
e G
mbH
Stu
ttgar
t90
778
4G
KR
Ges
ells
chaf
t für
Fah
rzeu
gklim
areg
elun
g m
bHLe
onbe
rg10
09
114
0H
awer
a P
robs
t Gm
bHR
aven
sbur
g10
012
782
Kno
rr-B
rem
se S
yste
me
für N
utzf
ahrz
euge
Gm
bHM
unic
h20
104
510
23R
ober
t Bos
ch F
ahrz
euge
lekt
rik E
isen
ach
Gm
bHE
isen
ach
100
5641
925
VB
Aut
obat
terie
Gm
bHH
anov
er20
9426
419
ZF L
enks
yste
me
Gm
bH4
Sch
wäb
isch
Gm
ünd
5024
71,
485
–7
Fore
ign
Cou
ntrie
s
Eur
ope
NV
Rob
ert B
osch
SA
And
erle
cht/
Bel
gium
100
2214
93
Rob
ert B
osch
Pro
dukt
ie N
VTi
enen
/Bel
gium
100
4422
47
Rob
ert B
osch
A/S
Bal
leru
p/D
enm
ark
100
1980
1R
ober
t Bos
ch (
Fran
ce) S
A4
Sai
nt-O
uen
(Par
is)/
Fran
ce10
020
91,
861
–26
Atc
o-Q
ualc
ast L
imite
dS
tow
mar
ket,
Suf
folk
/U.K
.10
09
95–
5R
ober
t Bos
ch L
tdD
enha
m/U
.K.
100
120
510
18W
orce
ster
Gro
up p
lc4
Wor
cest
er/U
.K.
100
3718
624
Rob
ert B
osch
SpA
4M
ilan/
Italy
100
6276
60
Rob
ert B
osch
BV
Hoo
fddo
rp/N
ethe
rland
s10
015
143
7Va
n D
oorn
e’s
Tran
smis
sie
BV
Tilb
urg/
Net
herla
nds
100
1164
1R
ober
t Bos
ch A
/STr
olla
asen
(O
slo)
/Nor
way
100
943
0R
ober
t Bos
ch A
GVi
enna
/Aus
tria
100
4421
615
Rob
ert B
osch
Sp.
z o
.o.
War
saw
/Pol
and
100
1792
3B
laup
unkt
Aut
o-R
ádio
Por
tuga
l Lda
Bra
ga/P
ortu
gal
100
2636
7–
1V
ulca
no T
erm
o-D
omés
ticos
SA
Ave
iro/P
ortu
gal
100
112
170
19R
ober
t Bos
ch A
BK
ista
(S
tock
holm
)/S
wed
en10
010
825
Rob
ert B
osch
Inte
rnat
iona
le B
etei
ligun
gen
AG
Zuric
h/S
witz
erla
nd90
424
54R
ober
t Bos
ch A
GZu
rich/
Sw
itzer
land
100
1510
94
Sci
ntill
a A
GS
olot
hurn
/Sw
itzer
land
8552
954
784
Rob
ert B
osch
Esp
aña
SA
4M
adrid
/Spa
in10
024
61,
291
27R
ober
t Bos
ch s
pol.
s r.o
.C
eské
Bud
ejo
vice
/Cze
ch. R
ep.1
0050
183
7B
osch
Die
sel s
pol.
s r.o
.Ji
hlav
a/C
zech
. Rep
.10
042
325
17B
osch
San
ayi v
e Ti
care
t AS
Bur
sa/T
urke
y10
099
319
23R
ober
t Bos
ch E
lekt
roni
ka G
yárt
ó K
ftH
atva
n/H
unga
ry10
031
119
18
Am
eric
asR
ober
t Bos
ch L
tda
Cam
pina
s/B
razi
l10
019
885
516
Ass
ocia
ted
Fuel
Pum
p S
yste
ms
Cor
pora
tion
And
erso
n/U
SA
5079
196
25A
utom
otiv
e E
lect
roni
c C
ontr
ol S
yste
ms
Inc
And
erso
n/U
SA
5140
122
14R
ober
t Bos
ch C
orpo
ratio
n4B
road
view
(C
hica
go)/
US
A10
098
44,
783
–97
S-B
Pow
er T
ool C
ompa
ny4
Chi
cago
/US
A10
024
689
473
Verm
ont A
mer
ican
Cor
pora
tion4
Loui
svill
e/U
SA
100
127
382
22
Asi
a, A
ustr
alia
Mot
or In
dust
ries
Co
Ltd
Ban
galo
re/I
ndia
5714
938
019
Bos
ch K
KYo
koha
ma/
Japa
n10
046
347
–25
Bos
ch A
utom
otiv
e S
yste
ms
Cor
pora
tion4,
6S
hibu
ya-k
u (T
okyo
)/Ja
pan
5563
91,
962
–11
1B
osch
Ele
ctro
nics
Cor
pora
tion
Tom
ioka
-shi
/Jap
an10
020
63–
3B
osch
Pac
kagi
ng M
achi
nery
KK
Toky
o/Ja
pan
100
1553
2N
ippo
n In
ject
or C
orpo
ratio
nO
daw
ara-
shi/
Japa
n35
5989
5K
orea
Aut
omot
ive
Mot
or C
orpo
ratio
nB
uyon
g/K
orea
100
5116
29
KE
FIC
O C
orpo
ratio
nK
unpo
-Si/
Kor
ea25
9128
917
Rob
ert B
osch
Kor
ea M
echa
nics
& E
lect
roni
cs L
tdC
hona
n/K
orea
100
3814
83
Rob
ert B
osch
(M
alay
sia)
Sdn
Bhd
Pen
ang/
Mal
aysi
a10
031
127
7R
ober
t Bos
ch (
Sou
th E
ast A
sia)
Pte
Ltd
Sin
gapo
re/S
inga
pore
100
2396
4R
ober
t Bos
ch (
Aus
tral
ia) P
ty L
td4
Cla
yton
(Mel
bour
ne)/
Aus
tral
ia10
087
435
13R
ober
t Bos
ch (
Pro
prie
tary
) Ltd
Joha
nnes
burg
/Sou
th A
fric
a10
07
106
2
71
Fina
ncia
l Sta
tem
ents
of R
ober
t Bos
ch G
mbH
Sta
tem
ent o
f Inc
ome
for t
he p
erio
d fr
om J
anua
ry1
to D
ecem
ber 3
1, 2
001
(milli
on e
uro)
70Fina
ncia
l Sta
tem
ents
of R
ober
t Bos
ch G
mbH
Bal
ance
She
et a
s of
Dec
embe
r 31,
200
1(m
illion
eur
o)
Ass
ets
Dec
embe
r 31
,200
1D
ecem
ber 3
1,20
00
Fixe
d as
sets
Inta
ngib
le fi
xed
asse
ts–
–Ta
ngib
le fi
xed
asse
ts1,
673
1,69
4Fi
nanc
ial i
nves
tmen
ts4,
558
3,80
86,
231
5,50
2
Cur
rent
ass
ets
Inve
ntor
ies
1,19
71,
292
Acc
ount
s re
ceiv
able
and
oth
er a
sset
sA
ccou
nts
rece
ivab
le1,
863
2,00
4O
ther
rece
ivab
les
and
asse
ts2,
112
1,72
9M
arke
tabl
e se
curit
ies
3,08
92,
718
Liqu
id a
sset
s2,
279
1,00
810
,540
8,75
1
Def
erre
d ex
pens
es2
3
16,7
7314
,256
Liab
ilitie
s an
d E
quity
Equ
ity c
apita
lC
apita
l sto
ck1,
200
920
Cap
ital s
urpl
us4,
557
2,36
7E
arne
d su
rplu
s44
292
Una
ppro
pria
ted
earn
ings
502,
603
6,24
95,
982
Acc
rual
s w
ith v
alua
tion
rese
rve
port
ion
126
65
Acc
rual
sA
ccru
als
for p
ensi
ons
and
sim
ilar o
blig
atio
ns2,
454
2,41
2O
ther
acc
rual
s3,
464
3,18
85,
918
5,60
0
Liab
ilitie
sLi
abili
ties
from
fina
ncin
g1,
598
196
Acc
ount
s pa
yabl
e47
458
0O
ther
liab
ilitie
s2,
407
1,83
34,
479
2,60
9
Def
erre
d in
com
e1
16,7
7314
,256
2001
2000
Sal
es17
,286
16,5
55C
hang
es in
fini
shed
goo
ds a
nd w
ork-
in-p
rogr
ess
inve
ntor
ies
and
othe
r cap
italiz
ed c
osts
9811
4To
tal o
pera
ting
perf
orm
ance
17,3
8416
,669
Oth
er o
pera
ting
inco
me
1,46
41,
799
Cos
t of m
ater
ials
–10
,949
–10
,020
Per
sonn
el c
osts
–3,
691
–3,
699
Dep
reci
atio
n an
d am
ortiz
atio
n of
inta
ngib
le a
nd ta
ngib
le fi
xed
asse
ts–
643
–67
5O
ther
ope
ratin
g ex
pens
es–
2,84
2–
2,69
7
Net
inco
me
from
inve
stm
ents
316
363
Am
ortiz
atio
n of
fina
ncia
l inv
estm
ents
and
sec
uriti
es in
clud
edw
ith c
urre
nt a
sset
s–
357
–10
6In
tere
st in
com
e, n
et o
f exp
ense
s15
416
3In
com
e fr
om o
rdin
ary
busi
ness
act
iviti
es83
61,
797
Taxe
s on
inco
me
–43
626
4
Net
inco
me
for
the
year
400
2,06
1
Tran
sfer
s fr
om s
urpl
us a
ccou
nts
542
Add
ition
s to
sur
plus
acc
ount
s–
350
Una
ppro
pria
ted
earn
ings
502,
603
Bos
ch G
roup
Bus
ines
s S
ecto
rs a
nd D
ivisi
ons
Gas
olin
e S
yste
ms
Die
sel S
yste
ms
Cha
ssis
Sys
tem
s
Ene
rgy
Sys
tem
sB
ody
Ele
ctro
nics
Car
Mul
timed
ia2
Aut
omot
ive
Ele
ctro
nics
Aut
omot
ive
Aft
erm
arke
t
Pow
er T
ools
Ther
mot
echn
olog
yH
ouse
hold
App
lianc
es4
Bos
ch R
exro
th3
Pac
kagi
ng T
echn
olog
y
Sec
urity
Tec
hnol
ogy5
Bro
adba
nd N
etw
orks
5
Co
nsu
mer
Go
od
s an
d B
uild
ing
Tec
hn
olo
gy
Ind
ust
rial
Tec
hn
olo
gy
Au
tom
oti
ve T
ech
no
log
y1
1In
clud
ing
ZF
Lenk
syst
eme
Gm
bH (5
0%
Bos
ch)
2B
laup
unkt
Gm
bH (1
00%
Bos
ch)
3B
osch
Rex
roth
AG
(100
% B
osch
)4
BS
H B
osch
und
Sie
men
s H
ausg
erät
e G
mbH
(50
% B
osch
)5
Bos
ch T
elec
om G
mbH
(100
% B
osch
)S
tatu
s as
of M
ay1,
200
2
Ten
Year
Sta
tistic
s B
osch
Gro
up W
orld
wid
e(m
illion
eur
o)
1S
peci
al e
ffec
t of “
pay-
out-
and-
rein
vest
”
proc
edur
e at
Rob
ert B
osch
Gm
bH
1992
1993
1994
1995
1996
1997
1998
1999
20
0020
01
Sal
es17
,605
16,6
0117
,628
18,3
2721
,038
23,9
5525
,735
27,9
0631
,556
34,0
29
Fore
ign
shar
e as
a p
erce
ntag
e of
sal
es47
4954
5661
6565
6672
72
Res
earc
h an
d de
velo
pmen
t exp
ense
1,1
771,
133
1,15
31,
265
1,47
61,
665
1,77
81,
921
2,03
02,
274
as a
per
cent
age
of s
ales
6.7
6.8
6.5
6.9
7.0
7.0
6.9
6.9
6.4
6.7
Inve
stm
ents
in ta
ngib
le fi
xed
asse
ts1,
042
793
807
1,05
11,
236
1,48
61,
929
1,94
62,
111
2,36
8
incl
udin
g do
mes
tic68
950
649
164
264
970
498
789
385
190
5
incl
udin
g fo
reig
n35
328
731
640
958
778
294
21,
053
1,26
01,
463
as a
per
cent
age
of s
ales
5.9
4.8
4.6
5.7
5.9
6.2
7.5
7.0
6.7
7.0
as a
per
cent
age
of d
epre
ciat
ion
103
8590
117
117
125
148
128
118
123
Dep
reci
atio
n on
tang
ible
fixe
d as
sets
1,01
093
989
389
81,
053
1,18
71,
302
1,52
31,
788
1,92
4
Em
ploy
ees
– an
nual
ave
rage
–
(000
om
itted
)17
716
515
615
817
218
018
819
419
721
8
incl
udin
g do
mes
tic11
310
495
9291
9194
9791
99
incl
udin
g fo
reig
n64
6161
6681
8994
9710
611
9
as o
f Jan
uary
1 o
f fol
low
ing
year
170
157
154
157
176
181
190
195
199
221
Per
sonn
el c
osts
6,05
35,
978
5,84
95,
868
6,65
57,
342
7,96
38,
298
8,95
09,
959
Tota
l ass
ets
12,5
0213
,011
13,9
9614
,574
16,5
0117
,847
18,5
8220
,832
24,5
0427
,783
Fixe
d as
sets
3,97
23,
581
3,40
03,
557
5,51
46
,142
6,49
57,
211
8,40
89,
341
as a
per
cent
age
of to
tal a
sset
s32
2724
2433
3435
3534
34
Equ
ity c
apita
l4,
018
4,24
64,
378
4,62
14,
871
5,81
76,
069
6,64
68,
288
9,01
4
as a
per
cent
age
of to
tal a
sset
s32
3331
3230
3333
3234
32
Cas
h flo
w1,
790
1,90
01,
925
1,65
91,
809
2,66
92,
507
3,25
83,
729
3,68
1
as a
per
cent
age
of s
ales
10.2
11.4
10.9
9.1
8.6
11.1
9.7
11.7
11.8
10.8
Net
inco
me
for t
he y
ear
262
218
262
281
256
8481
435
460
1,38
0165
0
Una
ppro
pria
ted
earn
ings
Supervisory Council as of April 17, 2002
Dr.-Ing. Wolfgang Eychmüller,Ulm/Donau,ChairmanChairman of the Supervisory Council of Wieland-Werke AG
Walter Bauer, Kohlberg,Deputy ChairmanChairman of the Joint Shop Councilof Robert Bosch GmbH as well as of the Combined Shop Council, and Chairman of the Shop Council of theReutlingen Plant
Dr. jur. Peter Adolff, Stuttgart,former Member of the Board ofManagement of Allianz Versicherungs-Aktiengesellschaft
Knut Angstenberger, Stuttgart,Department Manager in the Diesel Systems Division, and Chairman of the Joint Speaker Group of Robert Bosch GmbH and of the Group Speaker Committee
Dr. h.c. Bo Erik Berggren, Stockholm, former Chairman of the Board of Directors and Chief Executive Officer of The Stora Kopparberget Corp.
Henning Blum, Hildesheim,Chairman of the Shop Council of the Hildesheim Plant and Member of the Joint Shop Council of Robert Bosch GmbH
Dr. jur. Ulrich Cartellieri, Frankfurt,Member of the Supervisory Council of Deutsche Bank AG
Ruth Fischer-Pusch, Stuttgart,Trade Unions of the Metal Industry, District Management Baden-Württemberg
Dr.-Ing. Heiner Gutberlet,Fellbach-Oeffingen, Chairman of the Board of Trustees of Robert Bosch Stiftung GmbH
Dr.-Ing. Rainer Hahn, Stuttgart,former Member of theBoard of Management ofRobert Bosch GmbH
Dieter Klein, Wolfersheim,Chairman of the Shop Councilof the Homburg Plant of Robert Bosch GmbH and Member of the Joint Shop Council of Robert Bosch GmbH
Dieter Krause, Hildesheim,Chairman of the Shop Councilof Blaupunkt GmbH, Hildesheim
Matthias Madelung, Munich, Member of the Board of Trusteesof Robert Bosch Stiftung GmbH
Urs B. Rinderknecht, Ennetbaden,Chief Executive of UBS AG
Wolf Jürgen Röder, Tübingen,Trade Unions of the Metal Industry,Managing Director
Gerhard Sautter, Erdmannhausen,Chairman of the Shop Council ofthe Feuerbach Plant, and DeputyChairman of the Joint Shop Councilof Robert Bosch GmbH and theCombined Shop Council
Hans Peter Stihl, Remseck,Chairman of the Board of Manage-ment of Stihl AG
Jürgen Ulber, Frankfurt,Union Secretary at the ManagingDirectorate of the Trade Unions of the Metal Industry
Hans Wolff, Bamberg,Chairman of the Shop Council of the Bamberg Plant and Member of the Joint Shop Council of Robert Bosch GmbH
Hubert Zimmerer, Stuttgart,former Member of the Board of Management of Robert BoschGmbH
Board of Management as of July1, 2002
Board of Management
Hermann SchollChairman
Tilman TodenhöferDeputy Chairman
Bernd Bohr
Wolfgang Chur
Siegfried Dais
Franz Fehrenbach
Kurt Liedtke
Gotthard Romberg
Deputy Members of theBoard of Management
Wolfgang Drees
Gerhard Kümmel
Peter Marks