The Liebherr Group closed 2024 with a record revenue of €14,622 million, marking a 4.1% increase compared to the previous year. The company’s growth, though lower than the five-year average, was driven by mobile cranes, aerospace components, and robust orders in mining and gear technology.
The construction and mining segment, which includes earthmoving, cranes, and concrete technology, generated €9,891 million, a 3.5% rise. Other segments, including maritime cranes and refrigeration, saw a 5.5% increase, totaling €4,731 million. Strong performance in Australia, Japan, North America, and Africa offset declines in Europe and South America.
Liebherr’s focus on innovation led to a €666 million investment in R&D, prioritizing alternative drives, digitalization, and autonomy. Highlights included the L 566 H hydrogen wheel loader prototype and the LTC 1050-3.1E hybrid crane. The Group also launched the “Liebherr Autonomous Operations” system and introduced zero-emission mining trucks in partnership with Fortescue.
With €989 million invested in global production, logistics, and service networks, Liebherr remains committed to expanding capabilities. Projects included a new logistics center in Austria, a production facility in France, and a distribution center in the US.
Looking ahead, Liebherr expects moderate growth in 2025 despite economic uncertainties. The Group’s diversified structure and innovation pipeline are set to drive continued success.
The 2024 annual report, released on 2 April 2025, includes insights from Jan and Philipp Liebherr on the Group’s outlook.
