Following the trend set in Liebherr’s 2010 audited annual report, the firm’s construction machinery division has performed the strongest so far this year, with the upswing continued throughout nearly all product groups.
During 2010, Liebherr’s mobile and crawler crane business group accounted for a 2.7% increase in group turnover, with sales revenues growing €47.2m from €1.76bn to €1.81bn.
Construction cranes and mixing technology sales revenues rose by €5.5m in the same period, providing a 1.1% increase in turnover, while the maritime division contributed a more significant 9.2% boost to the group’s turnover, increasing sales €61.6m from €668m to €729.6m in 2010.
Liebherr’s 2010 results showed strong regional growth for the firm’s operations in the Far East and Australia with a €386.9m increase in sales revenues to over €1.3bn.
On the American continent Liebherr’s turnover rose by €263.8m, with Eastern European sales following with a €117m increase while the company’s Western European operation’s performance achieved a less significant increase of €7.1m.
Across Africa Liebherr’s turnover fell by €25.6m, with the most significant drop of €123.2m felt in the Near and Middle East.
Highlighting global commodities price increases as a significant driver for the demand for mining equipment, the privately owned group expects year-end results comparable to 2010 figures, which saw group turnover increase by 9% to €7.6bn.
