Bosch shares jump on bonus and stock split plan
In short
Bosch shares rose 5% and hit a new high after a bonus and stock split plan. The stock was already up 76% since April.
Analysts expect Q2 revenue to grow 50% year on year, helped by the RBIC acquisition and better performance in auto and non-mobility businesses. The report does not say the final terms of the bonus issue or split.
What the reporting says
Bosch shares jumped 5% and hit a new high after a bonus and stock split plan, while the stock was already up 76% since April. The available reporting also says analysts expect Q2 revenue to grow 50% year on year, helped by the RBIC acquisition, automotive outperformance and a recovery in the non-mobility segment. The immediate market reaction was positive, but the report does not give the final approved terms of the corporate actions.
Why it matters
Bosch shares gained 5% and reached a fresh high after a bonus and stock split plan, with the stock already up 76% since April. The source also says analysts expect Q2 revenue to rise 50% year on year, supported by the RBIC acquisition, automotive strength and a recovery in the non-mobility segment. The reporting does not confirm the approved corporate action terms.