UPDATE 2-Bosch cuts sales forecast for 2005 after weak Q1

Newswire

(Adds earnings outlook) By Christiaan Hetzner FRANKFURT, April 28 (Reuters) - Germany's Robert Bosch GmbH cut its sales target for 2005 following a slower pace of growth in the first quarter, and the world's largest automotive supplier said it would be tough to match last year's profit. "The Bosch Group expects revenues to grow by 3 to 5 percent in 2005," the unlisted company said in a statement, adding that sales had risen in the first quarter but at a slower rate than in the same ...

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