The Liebherr Group crosses ?10 bn annual turnover

Despite a slight decline in overall economic growth, 2018 was a record year for the Liebherr Group. Both the construction machinery and mining equipment divisions recorded overall increases in sales revenues, as did the other product areas overall.

Revenues from construction machinery and mining equipment rose by 10.8 per cent to ?6,833 million, with especially strong contributions from the earthmoving, mobile cranes and mining divisions.

Record sales generated in 2018 can be attributed to the very favourable economic conditions and higher demand in several sales regions. Sales continued to increase within the European Union, which is Liebherr?s most important sales region. This can be attributed, among other things, to renewed growth in Germany, which is Liebherr?s largest market, and to the positive economic situation in France and Great Britain. In the non-EU countries sales revenues fell in EUR terms compared to the previous year, mainly due to the development of the currency exchange rate in Russia. The business also performed very positively in North America, Central and South America, and Asia and Oceania, driven in particular by the markets in the US, Australia and China.

The Liebherr Group achieved a net profit of ?321 million in 2018, slightly above the previous year?s level. The operating result remained stable compared to the previous year. The financial result declined, mainly due to negative effects of currency movements.