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All in all, Bosch spent more than 12 billion euros in 2022 on securing its future: Owing to numerous projects, expenditure on research and development at the supplier of technology and services rose to 7.2 billion euros (from 6.1 billion euros in 2021), or 8.2 percent of sales (7.8 percent in 2021). Capital expenditure also increased by 1 billion euros to 4.9 billion euros. The equity ratio rose slightly to 46.6 percent (2021: 45.3 percent). Apart from upfront investments, ensuring outstanding ability to deliver in times of great uncertainty tied up funds.
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