STUTTGART, Germany May 8 Robert Bosch GmbH [ROBG.UL], the world's largest automotive parts supplier, expects to shrug off a strengthening euro and generate revenue growth of around 5 percent in 2008, the German conglomerate said.
"The operating environment may have weakened, but we do not foresee a global downturn. In light of that, we expect the Bosch Group to continue to perform well on the whole," Chief Executive Franz Fehrenbach said in statements prepared for Thursday's annual earnings news conference.
Bosch strengthened its outlook, saying it expected to achieve a pretax profit margin this year that remained within its target corridor of 7-8 percent.
Early in February, Fehrenbach had said only that the margin target was reachable.
(Reporting by Christiaan Hetzner)