14.08.2006

Liebherr exceeds €5 billion estimate by 6%

The Liebherr Group has confirmed that it increased revenues in 2005 by €715.0 million to €5.3 billion, an increase on 2004 of 15.6 percent. The company says that increases were seen in all product divisions and in all geographic regions.

While not disclosing its order book at year end, Liebherr says that it was at 'an all time high'. It also reports that revenues in the first few months of 2006 are showing a further strong improvement which should lead to another year of double digit growth.

Cranes

Looking specifically at the Group’s crane business, which now makes up around 35 percent of its revenues:

Mobile cranes sales by Ehingen totalled 1,100 units and represented 21 percent of the groups revenues at €1.14 billion. A 15 percent increase on 2004. See Liebherr Ehingen reports positive 2005 – Jan 24th

The Tower crane division, which includes the concrete products, rose by 26 percent to €501 million, while Dock, ship and container crane sales increased by 21 percent to €330 million.

Geographic breakdown

68.6 percent of the groups revenues were attributed to Europe, 3.9 percent to the Middle East 12.7 percent the Americas and 3.4 percent to Africa.

In total €3.4 billion of the groups revenues came from construction related equipment.


Vertikal forecast

Given Liebherr’s upbeat prognosis for the start of 2006, we predict that revenues for the full year will top €6 billion for the first time, with crane sales comfortably exceeding €2 billion.