Liebherr Group Generates Record Sales in the 2015 Business Year

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Provisional figures show total sales revenue of €9,248 million for the Liebherr Group in 2015. That is the highest revenue that the company has ever achieved in its history. Year-on-year, it represents an increase of €425 million or 4.8 percent.

Last year, Liebherr generated growth both in the construction machinery and mining section and in the section covering the maritime cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, components, and hotels divisions. Revenue from the construction machinery and mining product area increased by €337 million or 6.4 percent to €5,631 million. This section includes the earthmoving, mining, mobile cranes, tower cranes, and concrete technology divisions. In divisions other than construction machinery and mining, revenue increased by €88 million or 2.5 percent to €3,617 million. With a total exceeding €9.2 billion, Liebherr generated the highest sales revenue in the history of the company.

Revenue Development by Region

Business developed quite differently in the various sales regions. Sales declined in Eastern Europe and on the African continent. But increases were posted in the Middle East, the Far East and Australia, and in America. In Western Europe — Liebherr’s most important sales region — revenue was largely unchanged from the previous year.

Employees

The number of employees within the Liebherr Group rose again last year. At the end of the year, approximately 42,000 employees were working for Liebherr. That represents a year-on-year increase of 1,080.

Investments

Investments in the production sites and the worldwide sales and service network are extremely important for the company. Last year, substantial investments were made totaling €746 million.

Key projects included the expansion of the diesel and gas engine production facilities at Bulle, Switzerland, which extends over several years, and the construction of a new logistics center for the worldwide supply of spare parts for Liebherr earthmoving machines near Kirchdorf an der Iller, Germany. The logistics center began operations at the start of 2015. In addition, the company continued the expansion of the production facilities for aerospace equipment at Lindenberg, Germany. Liebherr successfully concluded the construction of a subsidiary factory for drive and control technology components in Biberach an der Riss, Germany. Also at Biberach an der Riss, the tower crane production company based there invested in a new powder-coating facility.

At Deggendorf, Germany, construction work began on a new production site. Micro-precision components will be developed and produced there from the end of 2016. At Ettlingen, Germany, the Liebherr Group expands its center for remanufacturing drive and control components with the construction of a new hall. At the port of Fenit, Ireland, the Irish maritime cranes production company began the construction of a new assembly hall. The domestic appliances production company at Radinovo, Bulgaria, expanded its production and logistics infrastructure.

Furthermore, Liebherr invested in its sales and service companies all around the world. Liebherr-Australia Pty. Ltd. concluded its expansion project at Adelaide and opened a subsidiary in Auckland, New Zealand. The Canadian Liebherr subsidiary expanded its facilities at Burlington and opened a center for remanufacturing mining components at Acheson. Liebherr also strengthened its sales organization in Switzerland by expanding the facilities at Daillens. New customer centers were opened in Durban, South Africa, Kusbass, Russia, and in Bogotá, Columbia.

Outlook for 2016

For the current year, the International Monetary Fund expects the global economy to grow slightly more strongly than it did in 2015. The Liebherr Group expects a moderate growth in revenue. Increases are expected in most product areas. The Liebherr Group will be at the upcoming Bauma trade show, the leading international trade fair for construction machines, in Munich, Germany, April 11-17.

The final figures for 2015 will be announced by the Liebherr Group with the publication of the Annual Report in June 2016. The figures stated here are based on forecasts from November 2015.

FOR MORE INFORMATION, liebherr.com.