Significant turnover boost for Liebherr Group
(Posted on 12/04/22)
In 2021, the Liebherr Group achieved a turnover of € 11,639 million. Compared to the previous year, the company posted an overall increase of € 1,298 million or 12.6 %. As a result, the Liebherr Group was almost able to match its previous record year in 2019 in terms of annual turnover.
The conditions in the past financial year were difficult for manufacturing companies. From the second quarter in 2021, to some extent, it was extremely difficult to procure various raw materials, components and electronic parts. This resulted in price increases and bottlenecks in the global supply chains. Despite that, Liebherr recorded a significant increase in sales revenues compared to the previous year. The Liebherr Group grew in eleven of its 13 product segments and in almost all of its sales regions.
Revenues in the material handling technology, earthmoving, deep foundation machines, mobile and crawler cranes, tower cranes, concrete technology and mining product segments were 17 % higher than in the previous year at € 8,009 million. In the other product segments, including maritime cranes, aerospace and transportation systems, gear technology and automation systems, refrigerators and freezers, as well as components and hotels, Liebherr achieved total revenues of € 3,630 million, a 3.9 % increase compared to the previous year.
Sales increased in the European Union, which has traditionally been the Group's strongest sales region. High growth rates were recorded in almost all EU markets, with France in particular showing above average development. Outside the EU, there was a marked rise in sales in the United Kingdom, among other regions. Positive development was also seen in North America, as well as Central America and South America, where strong growth came especially from Brazil. The Liebherr Group faced declines in Africa, as well as in the Near and Middle East, whereas the financial year in Asia and Oceania ended with a moderate rise.
In 2021, the Liebherr Group achieved a net profit for the year of € 545 million, a value above the level before the pandemic. Operating results and the financial result grew considerably compared to the previous year. The 2021 business year also saw a significant increase in the number of employees. At the end of the year, the Liebherr Group employed 49,611 people worldwide. Compared to the previous year, this constituted an increase of 1,686.
As a technology company, the Liebherr Group pursues the goal of making a decisive contribution to technological progress in the sectors relevant for the Group. Liebherr invested € 559 million in research and development last year. The bulk of this was used in the development of new products. Numerous cooperative ventures with universities, or higher education institutions and research institutes were initiated or continued.
Digitalisation was another focal point of R&D activities. Among others, a new range of refrigerators and freezers with resource-friendly freshness technology and digital networking was launched. In addition, in several product segments, the existing technologies were optimised for remote control, automation and networking and the Liebherr-Remote-Service App was extended. It is also worth highlighting the development of two assist systems for mining trucks, which offer automatic steering assistance, reduce the strain on the driver, and lower fuel consumption.
The Liebherr Group has started 2022 with a very good order situation.
Latest News
Smart Ship Hub expects breakthrough year for digitalisation in 2026
(Posted on 23/12/25)Leading vessel performance platform Smart Ship Hub says the industry should expect a breakthrough year... Read more
Accelerating zero-carbon shipping in the Nordics
(Posted on 18/12/25)The Nordic countries are taking an important step towards decarbonising maritime transport with the... Read more
Steelpaint appoints ADD Marine to drive growth in Greece and Cyprus
(Posted on 18/12/25)Germany’s Steelpaint has appointed ADD Marine as its representative for Greece and Cyprus, strengthening... Read more
Rio Tinto’s first Pilbara-made rail car built by Gemco in Karratha
(Posted on 09/12/25)Rio Tinto’s first Pilbara-made iron ore rail car has rolled off the production line in Karratha... Read more
Electric Liebherr portal crane strengthens Baria Serece, Vietnam
(Posted on 04/12/25)Precision meets progress at Phu My Port, Vietnam. The LPS 550 has been deployed to handle bulk commodities... Read more
bound4blue targets Asian growth with new production capabilities
(Posted on 02/12/25)bound4blue, a global leader in wind propulsion systems, has expanded its industrial footprint in Asia... Read more
DNV: Methanol as marine fuel at high readiness level
(Posted on 02/12/25)As the industry explores multiple decarbonisation pathways, methanol is gaining attention as a practical... Read more
Repeat Aasen bulk carrier order emphasises Wärtsilä hybrid strength
(Posted on 24/11/25)Technology group Wärtsilä will supply an integrated hybrid propulsion system for a bulk carrier... Read more
Superior bring big iron and bigger ideas
(Posted on 24/11/25)Superior Industries, Inc., a US-based manufacturer and global supplier of bulk material processing and... Read more
ESL connectivity upgrade enables smarter operations and supports crew wellbeing
(Posted on 15/11/25)ESL Shipping has taken a significant step forward in digitalisation by deploying a new multichannel... Read more
