Liebherr posts highest turnover in Group's history
The Group achieved total sales of S12.1 billion and posted a net result of $408.7 million in 2017
In 2017, the Liebherr Group achieved the highest turnover in the Group's history, with total sales of S12.1 billion (EUR9.8 billion). Compared to the previous year, the family-run company increased its revenue by 9.3%. The company posted a net result of $408.7 million (EUR331 million) for the year, which represents an increase of 11.1% compared to the previous year.
Sales of construction machinery and mining equipment rose by 14.5%. 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.
An important project for Liebherr in 2017 was the development of the HLC 295000 heavy duty crane with a load capacity of 5,000 tonnes and a maximum lifting height of more than 170 metres, making it the largest crane Liebherr has ever developed.
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.