Port of South LouisianaViganVan AalstGeneva DryBühler GmbHPort of Stockton
  • Van Aalst
  • Cimbria
  • Vigan
  • Bühler GmbH
  • TOC Americas 2025
  • TBA Group

Liebherr achieves €10bn turnover despite slowdown

Liebherr achieves €10bn turnover despite slowdown

(Posted on 20/04/21)

In 2020, the Liebherr Group achieved a turnover of € 10,341 million. Compared to the previous year, the company posted a decline of € 1,409 million, or 12 %. Following several successful years, and in the context of last year’s extraordinary conditions, this is considered satisfactory.

Despite the modest slowdown of the global economy, Liebherr registered a strong volume of orders in the first quarter of 2020. Starting at the end of the first quarter, the coronavirus pandemic began to affect business activities in many markets. This also had an impact on the Group's sales revenues. With the exception of Refrigeration and Freezing, every product segment experienced a decline in turnover.

Revenues in the Earthmoving, Material Handling Technology, Deep Foundation Machines, Mobile and Crawler Cranes, Tower Cranes, Concrete Technology and Mining product segments were 10.4 % lower than in the previous year at € 6,848 million. Revenues outside construction and mining machines also fell. With the other product segments, including Maritime Cranes, Aerospace and Transportation Systems, Gear Technology and Automation Systems, Refrigeration and Freezing, as well as Components and Hotels, Liebherr achieved a turnover of € 3,493 million, a 15 % decrease compared to the previous year.

 There was a downturn in sales in the European Union, which has traditionally been the Group's strongest sales region. This was primarily due to declining sales in Germany and France; by contrast, business grew in Austria and Poland. Sales in non-EU countries as well as in North America also declined. Central and South America, Africa, and the Near and Middle East reported significantly lower turnover than the year before. Meanwhile, business was stable throughout the year in Asia and Oceania. This was thanks largely to strong demand from China and Australia.

 In 2020, the Liebherr Group achieved a net profit for the year of € 7 million. Operating results and the financial result also fell compared to 2019. In view of the year’s special challenges and extraordinary conditions, this can nevertheless be considered a success. Despite the significant decrease in turnover, the number of employees remained stable: At the end of 2020, Liebherr employed 47,925 people worldwide, that is just 124 employees fewer compared to the previous year.

 As a high-tech company, the Liebherr Group pursues the goal of making a decisive contribution to shaping the technological progress in sectors relevant to the Group. Liebherr invested € 512 million in research and development last year. The bulk of this was used in the development of new products. A large number of joint research projects with universities, other higher education institutions and research institutes were initiated and continued. These research projects focused heavily on the topic of alternative drivetrain technologies. In 2020 Liebherr expanded its product portfolio with several fully and partially electric machines and components in product segments such as Mobile and Crawler Cranes, Concrete Technology, Mining and Aerospace and Transportation Systems.

Digitalisation was another focal point of R&D activities. With the help of the Liebherr Remote Service App, a LHM 420 mobile harbour crane was put to work in Argentina – remotely from Germany for the first time ever. In the Refrigeration and Freezing product segment, it is worth noting that smart monitoring allows for the monitoring of appliances with a web-based dashboard in research and laboratories.

Latest News

MacGregor strengthens leadership under Triton’s ownership

(Posted on 04/08/25)

MacGregor continues to serve its maritime and offshore customers with its wide portfolio of cargo and... Read more


Jonas Gustavsson appointed CEO of MacGregor

(Posted on 04/08/25)

The board of directors of MacGregor Group AB has appointed Jonas Gustavsson Chief Executive Officer... Read more


Liebherr collaborates with Indian terminal to streamline bulk operations

(Posted on 30/07/25)

Strategic lifting capacity meets India’s east coast logistics growth. The LHM 550s selected for... Read more


Inauguration of Wärtsilä’s advanced simulators in Malaysia

(Posted on 30/07/25)

A new advanced simulation suite supplied by technology group Wärtsilä for the Akademi Laut... Read more


New nuclear for maritime is a “geopolitical imperative”

(Posted on 30/07/25)

The New Nuclear for Maritime European Summit, the world’s largest international summit on maritime... Read more


Steelpaint contract with Winning International to protect capsize bulker

(Posted on 21/07/25)

Steelpaint GmbH has received its first order from Singapore-based Winning International Group to supply... Read more


Anemoi and Lloyd’s Register publish landmark wind propulsion paper

(Posted on 21/07/25)

Anemoi Marine Technologies, a leader in wind-assisted propulsion technology, has developed an in-service... Read more


New platform cracks down on rogue crewing agents exploiting seafarers

(Posted on 15/07/25)

A new recruitment feature has launched to help dismantle the shadow network of rogue crewing agents... Read more


AUMUND Group expands portfolio with integration of ESI Eurosilo

(Posted on 08/07/25)

AUMUND has announced that, as of 25 June, 2025, ESI Eurosilo B.V., headquartered in Purmerend, the Netherlands... Read more


Anemoi China facility marks major leap in wind propulsion technology

(Posted on 08/07/25)

Anemoi Marine Technologies, a global leader in wind propulsion solutions, has announced the official... Read more


TOC Americas 2025TOC Africa 2025CimbriaTelestackTBA GroupSailors Society
  • Sailors Society
  • Port of Stockton
  • Port of South Louisiana

Subscribe to our newsletter

Keep up to date with the latest global news in bulk cargo handling and shipping