Bosch sees growth in 2021, but warns on chips shortage


FILE PHOTO: The Robert Bosch logo at the company's research and development centre Campus Renningen during a guided media tour in Renningen, Germany, September 30, 2015. REUTERS/Ralph Orlowski

BERLIN (Reuters) - Bosch, the world's largest car parts supplier, on Thursday said it expects sales and profit to grow this year, but warned about the impact of a shortage of semiconductors that has hit global car production.

Bosch forecast a 6% increase in sales and operating margin of 3% in 2021 after reporting a 17% jump in first-quarter sales, but meeting this target depends on the impact on the industry of a bottleneck of semiconductors, it said.

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