The Company also aims to achieve an EBIT margin from operations of approximately 7%. Based on annual reports from previous fiscal years, the Company aims to achieve an average annual sales growth of 8%, with up to 3% stemming from acquisitions over the long term. Sales in Africa during the 2019 fiscal year totaled EUR 541 million. Increase sales in Africa to EUR 2 billion.In 2020, Europe’s real GDP declined by 6.5% compared to the previous year, while the Company’s sales in Europe declined by 7.0% in the fiscal year ending December 31, 2020. Surpass the growth rate in the European market.In the fiscal year ended December 31, 2020, the Company’s sales in the Asia Pacific and Americas region were EUR 21.7 billion and EUR 11.8 billion, respectively. The Company is aiming to have sales in the Asia Pacific and Americas market that surpass its other operating regions. This would result in sales goals of approximately EUR 22.2 billion in the Asia Pacific region, and approximately EUR 18.8 billion in the Americas by 2020. Double its sales in the Asia Pacific and the Americas region compared to 2013 figures.Note that the Company’s financial figures for the fiscal year ended Decemwere negatively impacted by the Covid-19 pandemic in a significant fashion, thus leading it to not achieve many of its planned targets. The Company’s financial goals for 2020 stated from 2016 are listed below. On the other hand, its Energy and Building Technology business sector saw a minimal decline while its Consumer Goods business sector saw an increase of 5.1% due to increased demand. Due to the Covid-19 pandemic, the Company’s Mobility Solutions and Industrial Technology business sectors declined significantly from the previous year due to declines in production. The previous acquisition of BSH Hausgerte significantly increased the sales of the Consumer Goods business sector, thus improving the overall sales balance within the Company.
One of the Company's goals is to have a better balance of sales between the Mobility Solutions and the other business sectors. In the fiscal year ended December 31, 2020, sales in the Company's Mobility Solutions business sector represented 58.9% of the Company's total sales. Other businesses (Bosch Engineering, ETAS, ITK Engineering, Two-Wheeler and Powersports).Bosch eBike Systems (was made into a separate division at the beginning of 2020).Cross-Domain Computing Solutions (replaces Car Multimedia division as of Jan.The Mobility Solutions business sector is comprised of the following divisions: The Company is organized into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Company is one of the world’s largest automotive suppliers, with approximately 440 subsidiaries and regional companies located across more than 60 countries.
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