PortmanPortman

Construction News

Fri July 20 2018

Related Information

Liebherr sales slowed in 2016

4 May 17 Equipment manufacturer Liebherr saw its group sales fall 2.5% in 2016 but, despite difficult market conditions, turnover was still the third highest in the company’s history.

The company is headed by brother and sister Willi and Isolde Liebherr, whose father Hans founded the company in 1949
The company is headed by brother and sister Willi and Isolde Liebherr, whose father Hans founded the company in 1949

The Liebherr Group posted turnover of €9,009m in 2016, a decrease of €228m on 2015. Net profit was €298m, slightly up on 2015, thanks in part to beneficial exchange rate fluctuations.

There was a market revival in the company’s home market of Germany but UK sales dipped a little, as they did in the USA also.

Sales revenue from construction machinery and mining equipment (earthmoving, mining, mobile cranes, tower cranes and concrete technology) fell 4.0% to €5,400m. In the other product areas (maritime cranes, aerospace & transportation systems, machine tools and automation systems, domestic appliances, components and hotels) turnover was unchanged at €3,609m.

At the end of the year, Liebherr had 42,308 employees worldwide, an increase of 763 during the year.

Liebherr said that it anticipated an increase in turnover in 2017 and that it would continue to invest in its international production facilities and service network.

 

 

MPU

More News Channels