Skip to main content

Liebherr posts healthy results for 2013

The Liebherr Group says that its results for 2013 equal that of the previous year, despite a weak economic climate. The company expects turnover to hit €9.086 billion, while its workforce has grown to 39,670. Despite the conditions, Liebherr has invested more than €800 million in its operations, taking a view that market conditions will improve in the long term and that developing the company further will lead to future gains. The overall economic situation did not improve in 2013 however and according to
December 18, 2013 Read time: 3 mins
The 718 Liebherr Group says that its results for 2013 equal that of the previous year, despite a weak economic climate. The company expects turnover to hit €9.086 billion, while its workforce has grown to 39,670. Despite the conditions, Liebherr has invested more than €800 million in its operations, taking a view that market conditions will improve in the long term and that developing the company further will lead to future gains.

The overall economic situation did not improve in 2013 however and according to current forecasts, the global economy will grow by just under 3% and global production probably by 3.1 %. According to 4048 World Trade Organisation (WTO) forecasts, international trade will increase by just 2.5%.

A slight downturn is anticipated in the construction machinery and mining area, where turnover according to current forecasts will be in the region of €5.62 billion, just €, 249 million (about 4%) lower than in 2012. The Liebherr Group’s construction machinery and mining area includes the earthmoving, mobile cranes, tower cranes, concrete technology and mining divisions.

Construction of a new logistics centre for Liebherr-Logistics GmbH near Kirchdorf an der Iller in Germany is of note. It will be used initially to supply spare parts for Liebherr earthmoving machinery worldwide. In the long term it is planned to transfer spare part logistics for further construction machinery divisions to this location. After the first construction phase the building will cover an area of more than 47,000m² and will go into operation in the first quarter of 2015. Investment volume for the first phase amounts to more than €100 million. When the centre is completed, Liebherr will have a 360,000m² site with hall space of around 170,000m² and 4,500m² of office space.

Another major project is investment in extending the premises of Liebherr-Australia at its Adelaide location, with extra warehousing, a logistics centre and a component remanufacturing centre to be added.

In Colmar (France) a new factory covering an area of 50,000 m² has been built. The components division will operate it as a research and development centre and for the production of mining components.

A new production building with adjacent administrative building has been added to the Liebherr production plant for hydraulic excavators, wheel loaders, material handling machines and transmissions at Dalian in China. It is intended to increase the production capacity of Liebherr units for the Chinese market and for various other threshold countries.

Despite gradual recovery in the highly developed national economies, only moderate global economic growth is anticipated: the 3684 International Monetary Fund assumes that growth will be 3.6%. The Liebherr Group expects total turnover for 2014 to be similar to that of 2013.

For more information on companies in this article

Related Content

  • Mining market demand dip hits Atlas Copco’s orders and revenues
    April 30, 2013
    Cautious mining customers holding back from investing in equipment is said by Atlas Copco to be a key reason behind an ‘organic’ decline of 11% in the value of its product and service orders and 5% ‘organic’ drop in revenues compared to the same three months of last year. The firm’s orders received value decreased to €2.45 billion (SEK 21,008mn) in Q1 2013 from €2.89 billion (SEK 24,827mn) in Q1 2012. Atlas Copco revenues were €2.36 billion (SEK 20,227mn) in the first three months of 2013, compared to €2.59
  • Central Ring Road to become one of most important projects in modern history of road-building in Russia
    December 16, 2014
    Moscow’s new ring road will provide a major economic boost and tackle congestion - Eugene Gerdner writes The Russian Government has officially started building of the Central Ring Road (CRR), one of the largest infrastructural projects in the modern history of the country. Total volume of investments in the project is estimated at more than US$7.2 billion (300 billion RUB). Building of the road should be completed by the World Cup 2018 and will be carried out as part of the existing state program ‘The de
  • Cummins posts strong results
    May 5, 2022
    Cummins has posted record quarterly revenues amid healthy off-highway engine demand
  • Russia looks set to be awarded World Trade Organisation membership
    June 18, 2012
    Russia will shortly become part of the World Trade Organisation (WTO). This is a key development for the construction equipment market as all member states of the WTO will benefit economically by having favoured-nation trade status with Russia. The exception to this however will be the US, which is currently prevented from granting Permanent Normal Trade Relations with Russia until Congress repeals the Jackson-Vanik Amendment. This 1974 amendment was originally put in place in response to the Soviet Union p