At the beginning of 2023, Liebherr experienced a delay in processing a high order backlog in Western Europe, with supply chains stabilising mid-year. Significant challenges such as a sharp rise in interest rates and the uncertain global political situation led to increasingly negative investment behaviour in the industry. In the European Union, revenue increased overall, with Germany and France also progressing well. In the non-EU countries, a slight upturn in growth was recorded. In 2023, the North, Central and South America region observed a modest dip in revenue, with the USA facing a decline in residential construction. Revenue also increased significantly in the Africa, Near and Middle East region. In the whole region of Asia and Oceania, revenue climbed.

At the cutting edge of product design, the development of the fully electric truck mixers and the new concrete mixing plant platform marked a significant milestone in pioneering concrete technology. The Mobilmix and Betomix plant platform incorporates innovations that contribute to significant energy efficiency of up to 30 %, dosing accuracy, durability and maintenance intervals. Liebherr’s continued commitment to innovative technologies guarantees high precision and saves end customers energy, raw materials, time and CO₂ emissions.

Concrete technology embraced further digitalisation measures with the creation of a portal for users to optimise the use of materials and energy. To better support internal processes and value streams, agile work methodologies were also implemented throughout the organization.

For concrete pumps, further modernisation and improvements were made to the current generation of the controls, especially with the expansion of the LiPS control function, and is progressing into 2024 for new series machines.

Looking ahead, Liebherr anticipates an economic slowdown in 2024. Therefore, the focus in the product segment will be on reducing inventories and saving costs, while remaining poised for continuous improvements and environmental responsibility as a leader in the industry.

In the concrete technology product segment, Liebherr recorded revenue of €302 million in the 2023 business year, reflecting an increase of €49 million or 19.4 % year-over-year.