Bosch reports strong 2006 earnings
37 percent growth growth comes mainly as a result of the company’s recent purchase of Telex Communications Holdings and TeleAlarm Group; strong Asian market also a factor
Fairport, New York-based Bosch Security Systems — best known for its design and manufacture of electronic detection, control, and communication goods — this week reported strong growth of 37 percent in 2006 to $1.7 billion in sales. The growth comes mainly as a result of the company’s recent purchase of Telex Communications Holdings and Switzerland-based TeleAlarm Group. Natural growth for Bosch reached a still-impressive 8 percent, with a 23 percent rise in Asia coming on such company contractinng successes as fire detection technology and electro acoustic systems at the Asia World-Expo Conference Center in Hong Kong, the public address system at Bangkok Airport, and the access control system at the Kasikornbank in Thailand. (Sales worldwide have also improved 10 percent on the first quarter of 2007.) “There is strong demand for fire detection systems, and the above-average growth in the Asia/Pacific region continues,” said Bosch executive Uwe Glock.
