The Liebherr Group finished the 2023 business year with a record revenue of 14,042 million euros. Compared with 2022, this represents a revenue growth of 1,453 million euros or 11.5 percent.
The Group achieved increased revenues in 11 of its 13 product segments, some of them significant. It surpassed its previous revenue record from 2022 by 1,453 million euros. At 9,557 million euros, revenue in the earthmoving, material handling technology, deep foundation machines, mobile and crawler cranes, tower cranes, concrete technology and mining product segments was 11.6 percent higher than in the previous year. In the product segments of maritime cranes, aerospace and transportation systems, gear technology and automation systems, refrigerators and freezers, components and hotels, Liebherr achieved total revenues of 4,485 million euros, an increase of 11.3 percent compared with the previous year.
Business saw positive growth in virtually all sales regions. A revenue increase was registered in the European Union, which has traditionally been the Group’s strongest sales region. Revenues in Germany, France, and Spain recorded particularly positive growth. The Group recorded a slight decline in the non-EU countries. The business year was also extremely encouraging in North America — driven by the United States and Mexico — as well as in Asia and Oceania. Revenue in the Africa, Near and Middle East region was also well above the previous year’s level. In Central and South America, revenue remained at the previous year’s level.
The Group achieved a net income of 367 million euros in 2023. Both the earnings before interest and taxes (EBIT) and the finance result have improved significantly. Furthermore, the number of employees grew once again in the 2023 business year. At the end of the year, Liebherr had a total of 53,659 employees worldwide, 2,338 more than in the previous year.
The online version of the annual report is published on the company’s website.
MORE INFO www.liebherr.com
