Product segments

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Facts and figures

The Liebherr Group achieved record revenue of €14,622 million in 2024. This represents an increase of €580 million or 4.1%, compared with the previous year.

Overview

Company founded1949
Group revenue in 2024€14,622 million
Investments of the Group in 2024€989 million
Group depreciation in 2024€589 million
Number of employees at end of 202454,728
More than 150 companies
More than 40 production companies

Revenue development by sales region

In the 2024 business year, the Liebherr Group’s revenue developed differently in the sales regions. A healthy increase in revenue was recorded in Asia and Oceania, driven by Australia and Japan. In Europe, the Group recorded a slight downward trend, despite good business in the Netherlands, Spain, Portugal and the United Kingdom. In Central and South America, revenue was also below the level of the previous year. By contrast, revenue in North America and in the Africa, Near and Middle East region increased compared with the previous business year. This was driven by the USA, Canada and South Africa in particular.

Revenue 14,622 € m

+4.1 % +580 € m

6,278 € m 1,530 € m 2,568 € m 503 € m 1,024 € m 2,719 € m
% the previous year€ the previous year
Asia and Oceania2,719 € m+21.8+486 m
Africa, Near and Middle East1,024 € m+9.4+88 m
Central and South America503 € m−6.3−34 m
North America2,568 € m+5.0+122 m
Non-EU countries1,530 € m+10.6+147 m
European Union6,278 € m−3.5−229 m

Revenue development by product segment

During the 2024 business year, Liebherr reported revenue of €14,622 million, once again representing an increase year-on-year and marking a new all-time high. Business developed very differently in the various product segments: the Group achieved increases in revenue in the product segments of deep foundation, mining, mobile and crawler cranes, maritime cranes, aerospace and transportation systems, as well as gear technology and automation systems, but followed a downward trend in the other segments.

In construction machines and mining, Liebherr achieved revenue of €9,891 million, which represents a year-on-year increase of 3.5 %. This includes the earthmoving, material handling technology, deep foundation, mining, mobile and crawler cranes, tower cranes and concrete technology product segments. In the product segments of maritime cranes, aerospace and transportation systems, gear technology and automation systems, refrigerators and freezers, components and hotels, the Group generated combined revenue of €4,731 million, equating to an increase of 5.5 % compared with the previous business year.

The subdued demand in the construction industry, especially in Germany, weighed on some product segments, resulting in declining revenue. Thanks to the Group’s diversification and decentralisation, it was possible to offset these downward trends through the successful marketing of other products. Growth was primarily driven by mobile cranes, components for the aerospace product area and good orders in mining and gear technology.

Revenue performance by product segments

Revenue of the Liebherr Group in 2024
14,622
€ m

Employees worldwide

The number of employees in the Group grew again during the business year. At the end of 2024, Liebherr employed 54,728 people worldwide, representing an increase of 1,069 employees, or 2.0 %, year-on-year. Women represented 18.0 % of the Group's workforce at the end of the business year.

The European Union saw the largest increase in the number of employees, although Liebherr recorded a decline in employee numbers in the non-EU countries. The number of employees also fell slightly in Central and South America, but increased in North America. In the Africa, Near and Middle East region as well as in Asia and Oceania, the number of employees also rose compared to the previous year.

54,728

+1,069

40,271 3,943 2,516 1,933 1,275 4,790
EmployeesCompared to the previous year
Asia and Oceania4,790+248
Africa, Near and Middle East1,275+68
Central and South America1,933−51
North America2,516+226
Non-EU countries3,943−442
European Union40,271+1,020

Download

The 2024 annual report is available to download as a PDF here.