The Company is still targeting an annual sales goal in electromobility of EUR 5 billion by 2025.
In 2021, the Company made EUR 700 million in upfront electromobility investments, including fuel cells. The Company’s strategic focus is centered on the fields of digitalization, connectivity combined with the Internet of Things, artificial intelligence, and sustainability. The Company also aims to achieve an EBIT margin from operations of approximately 7%. Based on annual reports from previous fiscal years, the Company aims to achieve an average annual sales growth of 8%, with up to 3% stemming from acquisitions over the long term. Improve diversification across the Company’s business sectors, achieving more of a balance between the Mobility Solutions and its other business sectors.Increase sales growth in the Asia-Pacific and Americas regions surpassing its sales in Europe.Achieve growth rates higher than the respective market.The Company’s general financial goals are organized as follows: In comparison however, the rest of the Company’s business sectors had higher growth rates during the year. Despite the supply bottlenecks and the semiconductor shortage, the Mobility Solutions business sector’s sales increased during the fiscal year ended December 31, 2021. The Company has gradually achieved a better balance of sales between its Mobility Solutions and other business sectors, benefited with the previous acquisition of BSH Hausgerte improving the Company’s Consumer Goods sales. In the fiscal year ended December 31, 2021, sales in the Company's Mobility Solutions business sector represented 57.5% of the Company's total sales. Other businesses (Bosch Engineering, ETAS, ITK Engineering, Two-Wheeler and Powersports).During the fiscal year ended December 31, 2021, the Mobility Solutions business sector is comprised of the following divisions: The Connected Mobility Solutions division was dissolved at the end of 2021, transferring its operations into the Powertrain Solutions and Cross-Domain Computing Solutions divisions. The Company is organized into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. Here’s Why.-The Company is one of the world’s largest automotive suppliers, with approximately 440 subsidiaries and regional companies located across more than 60 countries.
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