Liebherr Group has announced the highest turnover in the Group’s history, with total sales amounting to €9,845 million (AU$15,678.32 million). Compared to the previous year, revenue has increased by 9.3% and the company is expecting further sales growth in 2018.
Overall, Liebherr posted a net result of €331 million for the year. Compared to the previous year, this represents an increase of €33 million or 11.1%.
In the construction machinery and mining segments, as well as in other product areas, Liebherr recorded an increase in turnover. Sales of construction machinery and mining equipment rose by 14.5% to €6,182 million.
Liebherr said its key markets – Germany and France – showed particularly strong growth but also noted that revenues in the Far East, Australia and America were above the previous year’s level.
Turning to progress made in research and development, the company pointed to its HLC 295000 heavy duty crane as a significant development in 2017. This heavy-lift crane, with a load capacity of 5000 tonnes and a maximum lifting height of more than 170m, will be the largest crane Liebherr has ever developed. It is intended for use in the installation of wind farms, in the decommissioning of offshore installations and in the oil and gas sector.