The Bosch Group has made a good start to 2015. In the first quarter, sales grew by roughly 13 percent.

After adjusting for exchange-rate effects, the increase was 5.4 percent. For the current fiscal year, the global supplier of technology and services expects its sales to grow 3 to 5 percent after adjusting for exchange-rate effects.

Because these effects are considerable, Bosch expects its nominal sales growth to be higher than this range. Presenting the annual financial statements in Gerlingen, Germany, Dr. Volkmar Denner, the chairman of the Bosch board of management, said: "Our economic and technological strength in our established fields of business allows us to open up new market segments."

Internet-enabled products and internet-based services are one of the focal points of the company's future sales growth. "We are driving connectivity forward in all our business sectors and playing an active role in shaping it," Denner added.

In 2014, Bosch launched many new products and connectivity solutions. They include web-enabled ovens and software solutions for connected heating systems and buildings, as well as for connected industry and connected mobility.

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