Bosch has posted 2015 EBIT of EUR4.6bn (US$5.2bn) on revenue of EUR70.6bn, with the full acquisition of two former 50:50 joint ventures, BSH Hausgeräte and Robert Bosch Automotive Steering, pushing sales up by almost EUR22bn or 44%.

Aside from the Industrial Technology business sector, all segments saw double-digit growth and were able to improve their result in 2015. Similarly, the result for the Bosch Group as a whole improved once again in 2015.

The supplier recorded EUR4.6bn EBIT in which equates to a margin of 6.5%. EBIT from operations increased year on year by EUR0.9bn or 24%.

“We plan to grow not only with innovative products, but also with innovative services,” said Bosch chairman Volkmar Denner. “We are increasingly using connected services to build on our broad basis in the hardware business.”

“In the future, customers will not only come across Bosch in their cars and kitchens. Connected services will make it a constant companion in many aspects of their daily lives.”