Bosch Siemens home appliance JV sees 2008 sales growth similar to 2007

Posted by Mark Frost on Feb 4, 2008

Bosch und Siemens (NYSE:SI) Hausgeraete GmbH, the household appliance joint venture between Siemens AG and Robert Bosch GmbH, expects full-year 2008 sales growth to be similar to 2007, chief executive Kurt-Ludwig Gutberlet told the newspaper. However, he did not comment on the development of net profit, it added. In 2007, the company posted sales growth of 6 pct to 8.8 bln eur, the paper added.

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