Bosch lowers sales forecast for 2005 after weak Q1

Newswire

FRANKFURT, April 28 (Reuters) - Germany's Robert Bosch GmbH [ROBG.UL] lowered its sales forecast for 2005 following a weak start to the year, the world's largest automotive supplier said on Thursday. "The Bosch Group expects revenues to grow by 3 to 5 percent in 2005," the company said in a statement, adding that sales had risen in the first quarter but at a slower pace than during the same quarter a year ago. Previously, Bosch had forecast sales growth to decline this year to ...

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