Liebherr-International AG: Liebherr Group

Quick Facts / Company Snapshot

• Company Name: Liebherr-International AG
• Founding Year: 1949
• Founder: Dr. Hans Liebherr
• Headquarters: Bulle, Switzerland
• Total Revenue (2024): €14,622 million
• Total Employees: 54,728
• Number of Companies: Over 150
• Product Segments: 13
• Total Investments (2024): €989 million
• R&D Expenditure (2024): €666 million
• Operating Result (2024): €674 million
• Net Income (2024): €258 million
• Equity Ratio: 52.1%
• Total Assets: €17,099 million
• Global Presence: All continents
• Motto: 75 years of moving forward

Company Overview

The Liebherr Group is a global technology company with a broadly diversified product program. Founded in 1949 by Hans Liebherr, the company has grown from a small construction firm in southern Germany into one of the world’s largest manufacturers of construction machinery.

Beyond its roots in construction, the Group offers high-quality, user-oriented products and services in many other fields, including aerospace, transportation, domestic appliances, and luxury hotels.

Key Structural Highlights:

• Decentralized Organization: The Group is organized decentrally with manageable, independently operating business units. This structure allows Liebherr to respond flexibly to market signals and global economic trends.
• Holding Company: The parent company is Liebherr-International AG, based in Bulle, Switzerland. It exercises executive, coordinating, and controlling functions.
• Family Enterprise: The company remains 100% family-run. All shareholders of Liebherr-International AG are members of the Liebherr family. This independence allows the Group to focus on long-term success, stability, and reliability rather than short-term quarterly gains.
• Self-Concept: The Group defines itself as a technology company committed to redefining the limits of what is possible. It emphasizes a value-driven culture characterized by fairness, integrity, and mutual respect with partners and customers.

Operational Scale:

• The Group comprises over 150 companies worldwide.
• It operates more than 40 production companies across 16 countries.
• The workforce reached 54,728 employees at the end of 2024.

Business Segments

The Liebherr Group classifies its operations into 13 distinct product segments. In 2024, the Group achieved a total revenue of €14,622 million. The breakdown of revenue and percentage contribution by segment is as follows, sorted by revenue magnitude:

1. Mobile and Crawler Cranes

• Revenue: €3,916 million
• Percentage of Total Revenue: ~26.78%
• Operational Scope: Development and production of high-performance mobile cranes, telescopic truck-mounted cranes, and crawler cranes for diverse lifting applications.

2. Earthmoving

• Revenue: €2,657 million
• Percentage of Total Revenue: ~18.17%
• Operational Scope: Manufacturing of hydraulic excavators, wheel loaders, crawler tractors, and loaders, telescopic handlers, and dump trucks for the construction and extraction industries.

3. Aerospace and Transportation Systems

• Revenue: €1,739 million
• Percentage of Total Revenue: ~11.89%
• Operational Scope: Supplier of systems for the aviation industry (flight control, actuation, air management) and the rail industry (heating, ventilation, air conditioning, hydraulic systems).

4. Mining

• Revenue: €1,669 million
• Percentage of Total Revenue: ~11.41%
• Operational Scope: Production of large-scale mining equipment, including mining excavators and trucks, with a strong focus on zero-emission technologies and autonomy.

5. Refrigerators and Freezers

• Revenue: €1,095 million
• Percentage of Total Revenue: ~7.49%
• Operational Scope: Manufacture of high-quality refrigerators and freezers for domestic and commercial use, characterized by energy efficiency and innovative design.

6. Maritime Cranes

• Revenue: €1,012 million
• Percentage of Total Revenue: ~6.92%
• Operational Scope: Production of mobile harbor cranes, ship-to-shore cranes, ship cranes, and offshore cranes for port and transshipment operations.

7. Material Handling Technology

• Revenue: €697 million
• Percentage of Total Revenue: ~4.77%
• Operational Scope: Specialized machines for handling scrap, timber, and waste, as well as port handling applications.

8. Components

• Revenue: €468 million
• Percentage of Total Revenue: ~3.20%
• Operational Scope: Development of high-performance mechanical, hydraulic, and electrical drive and control technology components (engines, gearboxes, cylinders, electronics).

9. Deep Foundation

• Revenue: €399 million
• Percentage of Total Revenue: ~2.73%
• Operational Scope: Machinery for special deep foundation engineering, including drilling rigs and piling equipment.

10. Tower Cranes

• Revenue: €315 million
• Percentage of Total Revenue: ~2.15%
• Operational Scope: A wide range of fast-erecting and top-slewing cranes for building construction projects of all sizes.

11. Gear Technology and Automation Systems

• Revenue: €308 million
• Percentage of Total Revenue: ~2.11%
• Operational Scope: Production of machine tools for gear cutting and complete automation systems for manufacturing processes.

12. Concrete Technology

• Revenue: €238 million
• Percentage of Total Revenue: ~1.63%
• Operational Scope: Manufacturing of concrete mixing plants, truck mixers, and concrete pumps.

13. Others (including Hotels)

• Revenue: €109 million
• Percentage of Total Revenue: ~0.75%
• Operational Scope: Operation of six luxury hotels in Ireland, Austria, and Germany, and other miscellaneous activities.

History and Evolution

Founding and Early Years: The Liebherr Group was founded in 1949 by Dr. Hans Liebherr. He was a pioneer with a keen sense for future-looking technology and entrepreneurial vision. The company began as a construction firm but rapidly evolved into a manufacturer of construction machinery.

75th Anniversary (2024): The year 2024 marked the 75th anniversary of the Group. Under the motto “75 years of moving forward,” the company celebrated this milestone worldwide. The anniversary highlighted the Group’s history forged by pioneering spirit, innovative prowess, and the courage to tread unknown paths.

Generational Transition: The company has successfully transitioned through generations of the Liebherr family.

• First Generation: Dr. Hans Liebherr (Founder).
• Second Generation: Dr. h.c. Willi Liebherr and Dr. h.c. Isolde Liebherr.
• Third Generation: The current administrative board includes members of the third generation, ensuring the company remains an independent family-run business.

Evolution of Success: The family shareholders attribute the company’s lasting success to a combination of stability, longevity, and foresight. The ability to adapt and the courage to embrace renewal are viewed as key to long-term stability. The 2024 annual report emphasizes that innovative prowess and entrepreneurial vision have always been at the root of Liebherr’s success.

Products and Services

Earthmoving

• Products: Hydraulic excavators, crawler dozers, crawler loaders, wheel loaders, telescopic handlers, and dump trucks.
• 2024 Highlights: Introduction of the world’s first wheel loader prototype with a hydrogen engine (L 566 H). Digital services were expanded with “MyLiebherr Maintenance” and “MyLiebherr Performance.”

Material Handling Technology

• Products: Mobile, crawler, and electric material handling machines for scrap, timber, and port handling.
• 2024 Highlights: Presentation of the new LH 40 M Port electric material handling machine and the GMM 35-5 multi-tine grab.

Deep Foundation

• Products: Piling and drilling rigs, duty cycle crawler cranes.
• 2024 Highlights: Launch of the new LBX 600 carrier machine for slurry wall construction and its battery-electric version.

Mining

• Products: Large mining excavators, mining trucks (diesel and electric), and dozers.
• 2024 Highlights: Secured the largest order in company history: 475 zero-emission machines for Fortescue, including 360 autonomous battery-electric T 264 trucks. Launch of the “IoMine” technology portfolio.

Mobile and Crawler Cranes

• Products: All-terrain mobile cranes, telescopic crawler cranes, lattice boom cranes.
• 2024 Highlights: Premiere of the LTM 1400-6.1 (world’s strongest 6-axle crane) and series delivery of the hybrid crane LTC 1050-3.1E.

Tower Cranes

• Products: Fast-erecting cranes, top-slewing cranes, mobile construction cranes.
• 2024 Highlights: Launch of the NC-LH 12-55 and 195 HC-LH 6/12 luffing jib cranes and the 440 HC-L. Introduction of the MK 120-5.1 mobile construction crane.

Concrete Technology

• Products: Truck mixers, concrete mixing plants, concrete pumps.
• 2024 Highlights: Market launch of new Betomix and Mobilmix mixing plants. Development of fully electric drive technologies for truck mixers.

Maritime Cranes

• Products: Mobile harbor cranes, ship-to-shore container cranes, offshore cranes, ship cranes, floating transfer solutions.
• 2024 Highlights: Introduction of a longer boom on the LHM 800 mobile harbor crane. Delivery of the first automated dual trolley ship-to-shore cranes in Europe.

Aerospace and Transportation Systems

• Products (Aerospace): Flight control systems, actuation systems, landing gears, air management systems.
• Products (Transportation): HVAC systems, hydraulic actuation for braking/steering in rail vehicles.
• 2024 Highlights: Selection as supplier for next-generation flight control computers for the Airbus A320 family.

Gear Technology and Automation Systems

• Products: Gear cutting machines, gear cutting tools, automation systems.
• 2024 Highlights: “Best of Industry Award” for an automation system for disassembling used batteries. Launch of “LHProcessMonitoring” software.

Refrigerators and Freezers

• Products: Domestic refrigerators and freezers, commercial refrigeration appliances.
• 2024 Highlights: Launch of the FNa 6625 (first freezer in energy efficiency class A) and FNXa 522i with BluRoX insulation technology.

Components

• Products: Engines, fuel injection systems, hydraulic cylinders, pumps, motors, electronics, slewing bearings.
• 2024 Highlights: Start of series delivery of the LPO 100 mobile energy storage system. Development of hydrogen combustion engines.

Hotels

• Services: Operation of six luxury hotels.
• 2024 Highlights: Renovation of rooms and suites at the Interalpen-Hotel Tyrol.

Brand Portfolio

The primary brand used across all product segments is Liebherr. The brand stands for technological leadership, high quality, and reliability.

Specific Sub-Brands and Product Lines:

• BluRoX: Innovative insulation technology used in refrigeration (e.g., using perlite).
• Vinidor / Vinidor Selection: Premium wine storage refrigerators.
• LiReCon: Teleoperation unit for remote control of construction machines.
• Liduro Power Port (LPO): Mobile energy storage systems.
• IoMine: Expanded technology portfolio for the mining segment.
• MyLiebherr: Online customer portal for digital machine management.

Hotel Brands:

• Interalpen-Hotel Tyrol (Telfs, Austria)
• Hotel Löwen (Schruns, Austria)
• The Europe Hotel & Resort (Killarney, Ireland)
• The Dunloe Hotel & Gardens (Killarney, Ireland)
• Ard na Sidhe Country House (Killarney, Ireland)

Geographical Presence

The Liebherr Group maintains a global presence with over 150 companies on all continents. The revenue distribution in 2024 highlights the company’s international reach.

Revenue by Region (2024):

1. Europe

• Total Revenue: €7,808 million
• Percentage of Total Revenue: ~53.40%
• European Union Revenue: €6,278 million (-3.5% YoY)
• Non-EU Countries Revenue: €1,530 million (+10.6% YoY)
• Key Markets: Germany is the most important market, though it experienced a slight economic contraction (-0.2% GDP growth). Positive trends were noted in the Netherlands, Spain, Portugal, and the United Kingdom.

2. North America

• Revenue: €2,568 million
• Percentage of Total Revenue: ~17.56%
• Growth: +5.0% YoY
• Key Markets: Driven significantly by the USA and Canada. The US economy grew by 2.8%.

3. Asia and Oceania

• Revenue: €2,719 million
• Percentage of Total Revenue: ~18.60%
• Growth: +21.8% YoY
• Key Markets: Strong growth driven by Australia (mining sector) and Japan.

4. Africa, Near and Middle East

• Revenue: €1,024 million
• Percentage of Total Revenue: ~7.00%
• Growth: +9.4% YoY
• Key Markets: Positive developments in South Africa, Saudi Arabia, and Algeria.

5. Central and South America

• Revenue: €503 million
• Percentage of Total Revenue: ~3.44%
• Growth: -6.3% YoY
• Key Markets: Revenue was below the previous year’s level, though Brazil showed encouraging results in specific segments like Mining.

Production Footprint: Liebherr operates a network of over 40 state-of-the-art production sites in 16 countries.

• Germany: Multiple sites including Biberach, Ehingen, Lindenberg, Ochsenhausen, Rostock.
• France: Colmar, Toulouse.
• Austria: Bischofshofen, Nenzing, Lienz, Telfs.
• Switzerland: Bulle (Headquarters and production).
• USA: Newport News (VA).
• China: Dalian (new components site opened in 2024).
• Brazil: Guaratinguetá.

Financial Performance Analysis

In 2024, the Liebherr Group achieved record revenue, demonstrating resilience in a challenging global economic environment.

Five-Year Revenue Trend:

• 2020: €10,341 million
• 2021: €11,639 million (+12.6%)
• 2022: €12,589 million (+8.2%)
• 2023: €14,042 million (+11.5%)
• 2024: €14,622 million (+4.1%)

Performance Context:

• Record High: The 2024 revenue of €14.6 billion is an all-time high.
• Growth Drivers: The growth was primarily driven by the Mobile and Crawler Cranes segment, Aerospace components, and strong orders in Mining.
• Regional Shifts: Significant growth in Asia/Oceania offset slight declines in the EU and Central/South America.

Profit and Loss Analysis

Income Statement Highlights (2024):

• Revenue: €14,622 million
• Operating Income: €15,400 million (includes changes in inventory and own work capitalized)
• Cost of Materials: -€8,181 million (53.1% of operating income)
• Personnel Expenses: -€4,014 million (26.1% of operating income)
• Depreciation and Amortization: -€589 million (3.8% of operating income)
• Other Operating Expenses: -€1,942 million (12.6% of operating income)
• Operating Result: €674 million (Increase from €619 million in 2023)
• Finance Income: €829 million
• Finance Expenses: -€886 million
• Finance Result: -€57 million (Decrease from +€49 million in 2023)
• Result Before Tax: €617 million
• Income Taxes: -€359 million
• Net Income (Result After Tax): €258 million
  • Attributable to Liebherr Shareholders: €254 million
  • Attributable to Non-controlling Interests: €4 million

Analysis:

• The Operating Result improved, indicating strong core business performance despite cost pressures.
• The Finance Result turned negative due to lower valuation of financial assets or interest expenses, impacting the final net income.
• Net Income decreased from €367 million in 2023 to €258 million in 2024, largely due to the finance result variance.

Balance Sheet Analysis

Assets (as of Dec 31, 2024):

• Non-Current Assets: €4,625 million (27.0% of total assets)
  • Property, Plant, Equipment: €4,151 million
  • Intangible Assets: €34 million
• Current Assets: €12,474 million (73.0% of total assets)
  • Inventories: €6,405 million (High level reflects strong order book and supply chain buffering)
  • Receivables: €2,857 million
  • Cash and Cash Equivalents: €1,532 million
• Total Assets: €17,099 million

Equity and Liabilities (as of Dec 31, 2024):

• Total Equity: €8,902 million
  • Equity Ratio: 52.1% (Indicates very high financial stability and independence)
  • Share Capital: €62 million
  • Retained Earnings/Reserves: €8,820 million
• Non-Current Liabilities: €2,791 million
  • Long-term Financial Liabilities: €1,747 million
  • Pension Provisions: €902 million
• Current Liabilities: €5,406 million
  • Trade Payables/Other: €2,425 million
  • Short-term Financial Liabilities: €962 million
• Total Equity and Liabilities: €17,099 million

Cash Flow Analysis

Summary of Cash Flows (2024):

• Net Cash Flow from Operating Activities:+€1,171 million
  • This is a massive turnaround from -€10 million in 2023, driven primarily by favorable changes in working capital (liabilities increased, stock change stabilized).
• Net Cash Flow from Investing Activities:-€596 million
  • Includes payments for investments in tangible assets (-€608 million).
• Net Cash Flow from Financing Activities:-€128 million
  • Includes repayment of financial liabilities (-€851 million) and new borrowings (+€777 million).
• Change in Cash and Cash Equivalents:+€447 million
  • Cash balance increased from €1,089 million to €1,532 million.

Board of Directors and Leadership Team

The Liebherr Group is managed by the administrative board of Liebherr-International AG, composed exclusively of family members.

Administrative Board Members:

• Jan Liebherr: President of the Administrative Board (Third Generation).
• Stéfanie Wohlfarth: Vice President of the Administrative Board (Third Generation).
• Dr. h.c. Willi Liebherr: Member (Second Generation).
• Dr. h.c. Isolde Liebherr: Member (Second Generation).
• Hubert Liebherr: Member.
• Sophie Albrecht: Member (Third Generation).
• Patricia Rüf: Member (Third Generation).
• Johanna Platt: Member (Third Generation).
• Philipp Liebherr: Member (Third Generation).

Managing Directors of Liebherr-International AG: These individuals manage the day-to-day operations under the board’s guidance.

• Stephen Albrecht
• Dr. Rolf Geyer
• Steffen Günther
• Stephan Raemy
• Thomas Schuler

Subsidiaries, Associates, Joint Ventures

The Group comprises over 150 companies. Below is a list of disclosed key Group companies by country (selected list based on the report):

Europe:

• Switzerland: Liebherr-International AG (Parent), Liebherr Machines Bulle SA, Liebherr-Components AG.
• Germany: Liebherr-Werk Ehingen GmbH (Mobile Cranes), Liebherr-Hausgeräte GmbH (Appliances), Liebherr-Aerospace Lindenberg GmbH, Liebherr-Mining Equipment Colmar SAS (France/Germany border operations).
• Austria: Liebherr-Werk Bischofshofen GmbH, Liebherr-Werk Nenzing GmbH, Interalpen-Hotel Tyrol GmbH.
• France: Liebherr-France SAS, Liebherr-Aerospace Toulouse SAS.
• United Kingdom: Liebherr-Great Britain Ltd., Liebherr Container Cranes Ltd. (Ireland).

North America:

• USA: Liebherr USA, Co., Liebherr Mining Equipment Newport News Co., Liebherr Aerospace Saline, Inc.
• Canada: Liebherr-Canada Ltd.

Asia and Oceania:

• China: Liebherr (China) Co., Ltd., Liebherr Machinery (Dalian) Co., Ltd., Xuzhou Liebherr Concrete Machinery Co., Ltd.
• Australia: Liebherr-Australia Pty. Ltd.
• India: Liebherr India Private Limited.

Joint Ventures/Investments:

• Fortescue Partnership: A major strategic partnership in mining for zero-emission equipment (not a separate entity but a key operational alliance).
• Joint Ventures mentioned in notes: OEMServices SA (France), Aerospace Transmission Technologies GmbH (Germany).

Physical Properties (Offices, Plants, Factories)

The Group invests heavily in its infrastructure. Total Investment in 2024: €989 million.

Key Sites and Recent Developments:

• Bulle, Switzerland: Headquarters and production of engines/components.
• Ehingen, Germany: Production of mobile cranes.
• Colmar, France: Production of mining equipment and earthmoving machines.
• Toulouse, France: Aerospace production.
• Newport News, USA: Expansion of mining truck production facility to optimize shipping and component production.
• Tupelo, Mississippi, USA: Purchased land for a new logistics distribution center (operations to expand from 2027).
• Lienz, Austria: Completion of a new logistics center for refrigerators and freezers.
• Wildon, Austria: Acquisition of a 200,000 m² plot for Liebherr-Werk Bischofshofen GmbH to increase production capacity (completion scheduled for 2029).
• Kirchdorf, Germany: Investment in the final construction phase for hydraulic cylinder production.
• Campsas, France: Investment in a new 12,000 m² industrial building for heat exchanger production (operational 2025).

Segment-wise Performance

1. Earthmoving:

• Trend: Revenue declined by 2.2% (€2,657m).
• Analysis: Impacted by a cooler economy in the EU and North America. However, growth was seen in Africa/Middle East and Australia.
• Key Action: Continued focus on alternative drives (hydrogen wheel loader).

2. Mining:

• Trend: Revenue increased significantly by 14.7% (€1,669m).
• Analysis: Driven by high demand for raw materials and the historic order from Fortescue for 475 zero-emission machines. Strongest sales in Australia and Indonesia.

3. Mobile and Crawler Cranes:

• Trend: Revenue increased by 13.4% (€3,916m).
• Analysis: Record revenue despite a tough second half. Growth driven by North America (USA), Portugal, Netherlands, and South Korea.

4. Aerospace and Transportation:

• Trend: Revenue up by 15.9% (€1,739m).
• Analysis: Strong recovery in commercial aviation. Growth in almost all regions. Success with the A320 flight control computer contract.

5. Maritime Cranes:

• Trend: Revenue rose by 3.6% (€1,012m).
• Analysis: Record level. Growth in offshore and container cranes. Strong sales in India and the EU offset declines in the Americas.

6. Refrigerators and Freezers:

• Trend: Revenue declined by 6.5% (€1,095m).
• Analysis: Market environment characterized by fluctuating demand. Decline in EU (especially Germany). Positive trend only in Asia (India).

7. Construction/Other Segments:

• Tower Cranes: Revenue fell by 38.2% due to the construction slump in Europe/USA.
• Concrete Technology: Revenue fell by 21.2% due to the decline in housing construction.
• Deep Foundation: Slight growth (+1.0%).

Founders

Dr. Hans Liebherr (1915–1993)

• Background: A master builder who founded the company in 1949.
• Innovation: He invented the first mobile tower crane, the TK 10, which was easy to transport and quick to set up, revolutionizing the reconstruction of post-war Germany.
• Legacy: He built the company on the principles of thrift, diligence, and independence. He diversified the company early into appliances (refrigerators) and aerospace.

Shareholding Pattern

• Ownership Structure: The Liebherr Group is 100% family-owned.
• Shareholders: All shares of the holding company, Liebherr-International AG, are held by members of the Liebherr family.
• Public/Institutional Holdings: None. The company is not listed on any stock exchange.

Parent

Liebherr-International AG

• Location: Bulle, Switzerland.
• Role: The top management holding company for the entire Group. It handles executive, coordinating, and controlling functions including finance, human resources, corporate communication, and legal affairs.
• Governance: The administrative board determines the fundamental guidelines of corporate policy.

Investments and Capital Expenditure Plans

2024 Investment Metrics:

• Total Investments: €989 million (Down 4.0% from €1,030 million in 2023).
• Depreciation: €589 million.

Key Expenditure Areas:

• Production Sites: Expansion in Newport News (USA), Wildon (Austria), and Kirchdorf (Germany).
• Sales & Service: New logistics center in Tupelo (USA) and Lienz (Austria).
• R&D Spending:€666 million invested in research and development.
  • Focus Areas: Alternative drives (hydrogen, electric), autonomy, digitization, and aerospace flight controls.

Future Strategy

The Group’s strategy focuses on balancing Stability and Innovation.

Strategic Priorities:

• Decarbonization: Developing electric and hydrogen-powered machines (e.g., T 264 battery-electric truck, hydrogen wheel loaders). Goal to offer a transition plan consistent with the 1.5°C target.
• Digitalization: Expansion of “MyLiebherr” portal, “IoMine” for mining autonomy, and AI integration via a new center of excellence.
• Diversification: Maintaining a broad portfolio to offset cyclical fluctuations in specific industries (e.g., construction vs. aerospace).
• Organic Growth: Preference for growth through own intrinsic strength and reinvestment of profits, rather than aggressive M&A.

2025 Outlook:

• The Group expects moderate growth with stable revenue distribution.
• Looking forward to Bauma 2025 (trade fair) under the motto “Hands on the future.”
• Continued focus on the US market and the mining sector.

Key Strengths

• Diversification: The Group operates in 13 different product segments, allowing profitable areas (like Mining/Aerospace in 2024) to offset declines in others (like Tower Cranes).
• Financial Independence: A very high equity ratio of 52.1% and zero dependence on public shareholder pressure allows for long-term strategic planning.
• Innovation Leadership: First-mover in technologies like the mobile tower crane and currently leading in zero-emission mining trucks.
• Global Footprint: Strong presence in both developed markets (EU, USA) and resource-rich regions (Australia, Africa).

Key Challenges and Risks

• Economic Downturns: The “cooler economy” in the EU and the slump in housing construction negatively impacted Earthmoving, Concrete, and Tower Crane segments in 2024.
• Geopolitical Tension: Wars and trade disputes create uncertainty and impact energy/freight prices.
• Currency Volatility: As a global company reporting in Euros, exchange rate fluctuations (USD, CHF) impact reported revenue and equity.
• Supply Chain: Although improving, supply chain disruptions remain a factor in aerospace ramp-ups.
• Skilled Labor: Ensuring sufficient qualified employees (currently ~54,700) remains a priority.

Conclusion and Strategic Outlook

The Liebherr Group has demonstrated remarkable resilience and growth in its 75th year, achieving record revenue of €14.6 billion. By adhering to its core values of independence, family ownership, and technological leadership, the company successfully navigated a mixed global economic landscape. While construction-related segments faced headwinds, the Mining and Aerospace sectors surged, validating the Group’s diversification strategy.

Looking ahead to 2025 and beyond, Liebherr is aggressively positioning itself as a leader in the green transition of the industrial sector. With massive investments in hydrogen and battery-electric technologies, particularly in the mining and earthmoving sectors, and a robust financial foundation (52% equity ratio), Liebherr is well-equipped to define the future of heavy industry.

Official Site: www.liebherr.com

FAQ Section

1. What was the Liebherr Group’s revenue in 2024? The Liebherr Group achieved a record revenue of €14,622 million in the 2024 business year, representing an increase of 4.1% compared to the previous year.

2. Is Liebherr a publicly traded company? No, the Liebherr Group is 100% family-owned. All shares of the parent company, Liebherr-International AG, are held by members of the Liebherr family.

3. Which business segment generates the most revenue for Liebherr? The Mobile and Crawler Cranes segment generated the highest revenue in 2024, contributing €3,916 million, which is approximately 26.8% of the total revenue.

4. How many employees does Liebherr have? As of the end of 2024, the Liebherr Group employed 54,728 people worldwide, an increase of 2.0% compared to the previous year.

5. Where is the headquarters of the Liebherr Group? The Group’s parent company, Liebherr-International AG, is headquartered in Bulle, Switzerland.

6. What are Liebherr’s main areas of investment? In 2024, Liebherr invested €989 million, focusing on expanding production sites (such as in the USA, Austria, and Germany) and strengthening its sales and service network. Additionally, €666 million was spent on Research and Development.

7. What is Liebherr doing regarding sustainability? Liebherr is heavily investing in zero-emission technologies, such as battery-electric mining trucks (like the T 264) and hydrogen-powered wheel loaders. They have also established a partnership with Fortescue to decarbonize mining operations by 2030.

Content is based on publicly available corporate filings, regulatory disclosures, annual reports, 10-K filings, Investor Relations materials, and direct mail communication with the company.