Liebherr has recorded its highest ever revenue in the company’s history. In seven of its 13 product segments, the Group achieved increases in sales. Trends differed between the various product segments and sales regions. The subdued demand in the construction industry, especially in Germany, weighed on some of Liebherr’s product segments. Nevertheless, the declines could be 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. This area incorporates the product segments of earthmoving, material handling technology, deep foundation machines, mining, mobile and crawler cranes, tower cranes and concrete technology. 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 €4,731 million, an increase of 5.5 % compared with the previous year.
Asia and Oceania were able to register a satisfying increase in revenue, driven primarily by the development in Australia and Japan. Within Europe, the Group recorded a slight downward trend, despite good business in the Netherlands, Spain, Portugal and the United Kingdom. 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, with countries such as the USA, Canada and South Africa particularly notable.
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. Furthermore, the number of employees grew once again in the 2024 business year. At the end of the year, Liebherr had a total of 54,728 employees worldwide, 1,069 more than in the previous year.
Looking ahead
For the entire year of 2025, Liebherr is anticipating uncertain economical conditions, 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 is in a good position, with its innovative products and solutions, long-standing customer relationships, international setup and decentralised, diversified structure.
The Group started the current business year with a solid overall volume of orders, even though demand across the 13 product segments was, in some cases, wildly variable. There are also specific opportunities currently, primarily in the aerospace and mining industries, as well as on the Australian and American markets.
Liebherr considers itself in a good position and has a positive outlook for the future. The Group expects moderate growth in 2025 with lateral movement in the distribution of sales.
The annual report of the Liebherr Group can be found online at www.liebherr.com/annual-report
