LIEBHERR has recorded its highest ever revenue after an increase of 4.1% to €14,622 million for 2024.
In seven of its 13 product segments, the group revealed it achieved increases in sales.
The ‘subdued demand’ in the construction industry, especially in Germany, weighed on some items, however those declines were offset by the successful marketing of other products. Growth was primarily driven by mobile cranes and components for the aerospace product area, as well as healthy order books for mining and gear technology.
In the area of construction machines and mining, Liebherr grew by 3.5%, achieving revenue of €9,891 million.
Asia and Oceania were able to register a ‘satisfying increase’ in revenue, while in Europe the group recorded a ‘slight downward trend’ despite good business in the UK, Netherlands, Spain, and Portugal. Revenue was also below the previous year’s levels in Central and South America. By contrast, revenue in North America and in the Africa, Near and Middle East region increased.
The group achieved a net income of €258 million in 2024. Though the operating result continued to improve, the financial result fell below the level of the previous year.
In terms of workforce, employee numbers grew to 54,728 worldwide – 1,069 more than in 2023.
Looking ahead, Liebherr revealed it is anticipating ‘uncertain economical conditions’ in 2025, which could impact customers’ willingness to invest. Further to this, some industries are facing high cost pressure to offer products and services at competitive prices, all while operating in a challenging competitive landscape. Nonetheless, the group added that it is in a good position, with its ‘innovative products and solutions, long-standing customer relationships, international setup and decentralised, diversified structure’.
