Bosch CEO says caps margin growth at 8 percent -FT


FRANKFURT, April 28 (Reuters) - Privately held Robert Bosch GmbH [ROBG.UL], the world's largest automotive parts maker, does not intend to improve profitability beyond what it needs to fund its operations, a newspaper reported. "To finance our growth we need to have a pretax profit margin of 7-8 percent," Chief Executive Franz Fehrenbach was quoted in Monday's Financial Times as saying. "Anything above that level we invest into securing our future development," he said, noting that in ...

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