Liebherr Group matches 2012's turnover in 2013

Liebherr expects 2013 to be as good as last year despite a weak market

NEWS, Business, PMV, Construction equipment, Cranes, Forecast, Liebherr, Mining, Profit, Sales, Turnover

Liebherr Group has stated that in view of only moderate overall economic development, it expects its turnover in 2013 to reach €9,086m, which is equal to that achieved during 2012.

The German manufacturer is anticipating a slight downturn across its construction machinery and mining divisions, where turnover is forecast to be in the region of €5,620m – around 4% lower than in 2012. The branches of construction machinery and mining include Liebherr products such as earthmovers, mobile cranes, tower cranes, concrete technology, and mining equipment.

Elsewhere across the organisation, Liebherr is expecting growth of approximately €245m, or 8%. Liebherr products not connected to construction machinery and mining include maritime cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, and miscellaneous goods such as components.

Liebherr says that it has invested in the modernisation and expansion of its worldwide production network, as well as in further strengthening its sales and service divisions. Total investments for the 2013 business year are expected to exceed €800m, although this figure is likely to be lower than that invested during 2012.

Meanwhile, Liebherr’s workforce is set to increase by 1,870 in 2013, reaching a total of 39,670 worldwide.

A press release distributed by the manufacturer stated: “The Liebherr Group views the coming business year with restrained optimism. In its initial forecast for 2014 it expects total turnover to reach a volume similar to that achieved in the previous year. The workforce will probably increase slightly in size.”

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