Latest news from Heavy Lift & Project Forwarding International Magazine

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

Heavy Lift | News

Canaveral secures funding for multipurpose berth thumbnail image

Canaveral secures funding for multipurpose berth

February 18 - Canaveral Port Authority has been awarded a USD14.1 million grant from the US Department of Transportation (DOT) Port Infrastructure Development Program to modernise and expand North Cargo Berth 3 (NCB3).
Views: 42
Zeamarine restructuring continues  thumbnail image

Zeamarine restructuring continues 

February 17 - Zeamarine has confirmed that its German booking and operating divisions – Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering – will operate under court supervision, in accordance with creditor protection conditions.
Views: 1130
Ambercor completes yankee move thumbnail image

Ambercor completes yankee move

February 17 - Canada-headquartered Ambercor Shipping has coordinated the delivery of a yankee dryer and two through-air dryer (TAD) rolls in Quebec.
Views: 328
Duluth awarded infrastructure grant thumbnail image

Duluth awarded infrastructure grant

February 17 - The US Department of Transportation’s Maritime Administration has allocated a USD10.5 million grant to the Duluth Seaway Port Authority. 
Views: 336

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.