Record turnover for Liebherr

By Alex Dahm12 April 2018

Total sales at the Liebherr Group in 2017 were €9,845 million, up 9.3 per cent on the previous year. It is the highest figure ever recorded by the global construction equipment manufacturer.

Liebherr LTM 1750-9.1 at work in Austria

Liebherr LTM 1750-9.1 wheeled mobile cranes at work in Austria

Western Europe, especially Germany and France, saw a significant increase, the comany said. Performance in Eastern Europe, particularly in Russia, was described as encouraging. Also up were the USA, the Far East and Australia. Falls were recorded in the Near East, the Middle East and Africa.

Construction machinery and mining equipment sales were up 14.5 % to €6,182 million. Sales in the earthmoving division were up €411 million, or 19.8 %, to €2,485 million. In the mining division a 44 % (€281 million) increase gave a total of €919 million.

Tower crane sales were up 31 %, or €127 million, to €537 million. The mobile crane division, at €2,057 million, was down by 0.7 %, or €15 million on 2016. Almost half (48.8 %) of the sales were in Europe with the USA next at 22.7 %. Concrete technology division sales were down 10.7 % (€22 million) to €184 million. Also down was the maritime crane division, by €83 million, or 10.2 %, to €733 million.

The Group posted a net profit for the year after taxes of €331 million, an increase of €33 million or 11.1%. Another 1,561 employees were added in 2017, increasing the total to 43,869 worldwide. In outlook the Group forecasts an even higher turnover in 2018, anticipating growth in construction machinery, mining and other areas, the company said.

 

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Demolition & Recycling International Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Latest News
Hear about 300-metre stack demolition at WDS 2021
World Demolition Summit conference programme to include US Widows Creek fossil plant project
Billion-plus UK demolition framework announced
National provider Pagabo issues prior information notice for four-year, £1.56 billion framework
Oakwood Demolition in site clearance works for HS2
UK company chooses the PowerLatch coupler from Miller for Euston Station project
CONNECT WITH THE TEAM
Steve Ducker Editor, Demolition & Recycling International Tel: +44(0) 1892 786 210 E-mail: steve.ducker@khl.com
Bridget Leary Sales Manager Tel: +44 (0) 1892 786 220 E-mail: bridget.leary@khl.com
CONNECT WITH SOCIAL MEDIA