In 2017, the Liebherr Group, Bulle, Switzerland, achieved the highest turnover in the group's history with total sales of $12.2 billion (€ 9,845 million), the company announced April 14. Compared to the previous year, the family-run company increased its revenue by 9.3%. The group is expecting further sales growth for 2018.
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% to $7.7 billion (€ 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% to $4.5 billion (€ 3,663 million) compared with the previous year.
In Western Europe, turnover increased significantly. The key markets of Germany and France showed particularly strong growth. Sales performance in Eastern Europe, particularly in Russia, was also 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 $409 million (€ 331 million) for the year. Compared to the previous year, this represents an increase of $41 million (€ 33 million), or 11.1%.
- More employees with constantly high investments: The Liebherr Group also saw an increase in its workforce in 2017. A total of 1,561 new jobs were created. The Liebherr Group had 43,869 employees worldwide at the end of the year.
- Further sales growth expected: 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.
- Research and development: Important issues across Liebherr’s range of products and services to be addressed in the near future include increasing energy efficiency, networking, automation and lightweight product design. As the current financial report of the group documents, substantial progress was made in these categories over the past year in all product divisions.