Annual report 2022
Components
Turnover in the components product segment amounted to € 461 million in the 2022 business year, representing a slight decline of € 17 million or 3.6 % year-on-year.
Turnover in € m from 478 - 3.6% |
Investments in € m from 55 + 58.2% |
Employees from 5,499 + 4.1% |
Turnover by sales regions
53.4%
European Union
4.1%
Non-EU countries
16.9%
North America
11.3%
Central and South America
14.3%
Asia and Oceania
0.0%
Africa, Near and Middle East
America as the most important sales region
In the 2022 business year, Liebherr was unable to maintain its growth trajectory in the components product segment and achieved a total turnover slightly below the figure for the previous year. The product segment experienced uneven growth in the various regions. Turnover increases were achieved in North, Central and South America. The USA and Brazil were strong drivers. Despite some growth stimuli, especially from Italy, Switzerland and Turkey, Liebherr saw an overall decline within the European Union and non-EU countries. In Asia and Oceania, the decline in turnover was mainly due to the wind industry and developments in China. In the Africa, Near and Middle East region, Liebherr kept turnover relatively stable at the previous yearʼs level. Looking at the individual product areas, turnover increased in the area of decentralised energy production in connection with the manufacture of diesel engines. The renewed increase in the wind and mining aftermarket is particularly noteworthy.
Liebherr demonstrates its foresight by adopting a product development approach that is open to new technology, while paving the way for innovative and efficient components in future.
Focus on digitalisation and alternative drive concepts
Liebherrʼs development of a prototype hydrogen combustion engine for heavy-duty applications and a suitable hydrogen injection solution have made an important contribution towards global decarbonisation. This kind of prototype engine powers the first hydrogen excavator from Liebherr, which won the Bauma Innovation Award 2022 in the climate protection category. As part of its work to electrify work machines, Liebherr came up with new drive solutions, such as electric drive units, and adjustment systems for wind sails that are used for propulsion in shipping. During the business year, the Group also presented a mobile energy storage system for supplying decentralised construction sites.
Another area of focus was the digitalisation of work machines. Liebherr developed camera monitoring systems with 360° top-view solutions and digital status monitoring for combustion engines and unveiled an integrated wear measurement system for slewing bearings and a prototype force measurement sensor for hydraulic cylinders.
Hybrid cylinders made from a combination of steel and carbon-fibre-reinforced plastic (CFRP) were developed to save weight in mobile and stationary applications. The range of axial hydraulic pumps and motors has been expanded to include new nominal sizes.
Main bearings are a key element of the machinery used in wind turbines. Therefore, Liebherr also added single-row tapered roller bearings to its portfolio. Moreover, the first mooring bearings were delivered for the self-alignment of floating offshore wind turbines.
Among other things, Liebherr invested in its new production site in China, expanded an assembly line for drive units in India, and set up a new production facility for hydraulic cylinders in Germany. The installation of photovoltaic systems at several production sites represents a significant step towards a CO2-free future.
By expanding its product portfolio, continually developing new technologies and serving as a reliable partner for a wide variety of industries, Liebherr is creating the conditions for growth in the components product segment over the coming business year.