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Liebherr sees slight drop in turnover

June 8 - Liebherr Group posted a total turnover of EUR8.823 billion (USD9.826 billion) in 2014, which is 1.6 percent below the amount achieved in 2013.

The manufacturer's profit for the reporting period was EUR316 million (USD354 million), equivalent to a drop of EUR48 million (USD53.8 million) compared with the previous year.

Liebherr's construction machinery and mining division posted a turnover of EUR5.29 billion (USD5.92 billion) in 2014, a 6 percent decrease compared with 2013.

However, the company's maritime cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, components and hotel divisions showed a 5.8 percent year-on-year increase in turnover at EUR3.529 billion (USD3.95 billion).

Turnover in Liebherr's largest market, Germany, exceeded the previous year; while business was also positive in the Americas, with an increased turnover in the USA.

However, turnover was down in the Far East/Australia region. Moreover, Liebherr said that very weak dynamic growth in Russia - its largest eastern European market - had a significant effect on the company's overall turnover in the region. 

Sales revenue also fell on the African continent; while the group achieved a turnover slightly above the previous year's level in the Middle East.

Liebherr expects worldwide economic growth of 3.5 percent in 2015, but noted that this global economic growth could be adversely affected by the political and economic conditions in Russia and the Eurozone, as well as the slowdown in the Chinese economy.

Despite these negative effects, Liebherr envisages its total turnover rising, with all group divisions expected to develop positively or at least equal 2014's turnover.

 

Liebherr exhibits at the Intermat exhibition in Paris.

 

www.liebherr.com

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