18.12.2014

Liebherr confirms 1% decline

Liebherr has said that it excepts to achieve total revenues of €8.87 billion in 2014, one percent below that achieved in 2013.

The decline, as reported in November, is due almost entirely to lower shipments in mining equipment business. Mobile crane shipments will be close to last year’s levels, when 1,416 new cranes were delivered, while revenues will be slightly higher. Sales of marine cranes are 20 percent higher.

Geographically the group did well in Western Europe where revenues increased significantly, while Africa and the Americas were flat and the Far East, Australia and the Middle East saw declines.

For 2015 the group is forecasting that revenues will increase as it benefits from anticipated global growth of 3.8 percent - see: Tough first half for Liebherr.