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Construction : Web Exclusive | April 2018 | Source : Equipment India

Liebherr achieves highest-ever turnover

In 2017, Liebherr Group achieved the highest turnover in its history, with a total sales of €9,845 million. Compared to the previous year, the company increased its revenue by 9.3 per cent. 

In the construction machinery and mining segments, as well as in other product areas,Liebherr recorded an increase in turnover. Sales of construction machinery and mining equipment rose by 14.5 per cent to €6,182 million. In the maritime cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, components as well as hotels divisions overall turnover was up by 1.5 per cent to €3,663 million compared with the previous year.

In Western Europe, Liebherr’s most important sales region, turnover increased significantly. The key markets Germany and France showed particularly strong growth.

Sales performance in Eastern Europe, particularly in Russia, was encouraging. In the Far East/Australia and America, revenues were also above the previous year’s level.

The Near and Middle East and Africa, however, recorded a fall. The Liebherr Group posted a net result of €331 million for the year. Compared to the previous year, this represents an increase of €33 million or 11.1 per cent. In the reporting year, there was a significant improvement in the operating result. Following the positive effects of currency movements in the previous year, the financial result, on the other hand, fell sharply.

The Liebherr Group expects a further increase in turnover for 2018. Liebherr anticipates growth in the construction machinery and mining segments, as well as in the other product areas. Appreciable gains are forecast in the mining, concrete technology, machine tools and automation systems and earthmoving divisions. This is clear from the order book for 2018, which is already looking very good, according to the company.
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