Liebherr Group sees turnover decline by 12 % to 10 billion euros

Robust collectively: Two LHM 800 Liebherr cellular harbour cranes function in tandem mode within the port of St. Petersburg (Russia). Collectively, the 2 machines can deal with a load of as much as 616 tons.

Revenues within the earthmoving, materials dealing with expertise, deep basis machines, cellular and crawler cranes, tower cranes, concrete expertise and mining product segments have been 10.4 % decrease than within the earlier yr at € 6,848 million. Revenues outdoors building and mining machines additionally fell. 

With the opposite product segments, together with maritime cranes, aerospace and transportation programs, gear expertise and automation programs, refrigeration and freezing, in addition to elements and resorts, Liebherr achieved a turnover of € 3,493 million, a 15 % lower in comparison with the earlier yr.

There was a downturn in gross sales within the European Union, which has historically been the group’s strongest gross sales area. This was primarily on account of declining gross sales in Germany and France; against this, enterprise grew in Austria and Poland. Gross sales in non-EU international locations in addition to in North America additionally declined. Central and South America, Africa, and the Close to and Center East reported considerably decrease turnover than the yr earlier than. In the meantime, enterprise was steady all year long in Asia and Oceania. This was thanks largely to robust demand from China and Australia.

In 2020, the Liebherr Group achieved a web revenue for the yr of €7 million. Working outcomes and the monetary outcome additionally fell in comparison with 2019. In view of the yr’s challenges and extraordinary circumstances, this will nonetheless be thought of a hit. Regardless of the numerous lower in turnover, the variety of staff remained steady: On the finish of 2020, Liebherr employed 47,925 individuals worldwide, that’s simply 124 staff fewer in comparison with the earlier yr.

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