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

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 346
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 734
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 844
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 593

Heavy Lift Across The World

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