Annual report 2022
Aerospace and transportation systems
In its aerospace and transportation systems product segment, Liebherr achieved a turnover of € 1,311 million in the 2022 business year, which represents an increase of € 218 million or 19.9 % compared to the previous year.
Turnover in € m from 1,093 + 19.9% |
Investments in € m from 21 + 38.1% |
Employees from 5,943 - 0.1% |
Turnover by sales regions
49.1%
European Union
11.7%
Non-EU countries
21.7%
North America
3.0%
Central and South America
12.7%
Asia and Oceania
1.8%
Africa, Near and Middle East
© Dassault Aviation
Recovery of the global market quicker than expected
The upward trend in global air and railway traffic that emerged in 2021 has continued in 2022. Liebherrʼs overall turnover developed positively in all regions in 2022. While the aerospace product area achieved significant growth in the EU, a decline was recorded in transportation systems. In non-EU countries and North America, Liebherr achieved an increased turnover in both product areas. Aerospace further saw strong growth in Middle and South America as well as Africa, Near and Middle East. Turnover in Asia and Oceania developed very positively for aerospace, but greatly declined for transportation systems due to the stagnating Chinese market.
Liebherr makes a significant contribution to a more viable world, lower emission aviation and rail transport, in particular by accelerating the deployment of technologies to drastically reduce CO₂ emissions.
Innovating technologies for the future
Airbus selected Liebherr to supply the lower cargo door actuator and valve for the A350. The complex valve will be produced using 3D printing technology. Furthermore, Rolls-Royce commissioned Liebherr to supply engine pneumatic valves and anti-ice valves for the Pearl® 10X engine, powering Dassault Aviationʼs Falcon 10X business jet. Additionally, Liebherr was chosen by Deutsche Aircraft to develop and supply the flap and spoiler actuation system as well as the air management system for the D328eco™ aircraft, a platform paving the way towards a zero-emission flight objective.
On the railway market, Liebherr and Siemens unveiled the jointly developed Siemens Mobility air-free brake system and its essential component, the air-free brake actuator. Liebherr also obtained several orders to deliver, for example, 182 compact air-conditioning units for new Czech long-distance reversible trains on behalf of Siemens Mobility Austria. Furthermore, Liebherrʼs new generation of levelling systems went into passenger service on board the 7000 series rail cars produced by CRRC Sifang America and operated by Chicago Transit Authority.
In 2022, Liebherr focused its research on an array of topics, such as the integration of lightweight structures and 3D-printed equipment for providing weight and fuel improvement for next-generation aircraft. In addition, the company continued its research on fuel cell technology.
Based on the market development, Liebherr expects the turnover to reach the pre-pandemic level by 2023/2024, one year earlier than anticipated.