The Liebherr Group achieves a record annual turnover of over 13 billion US dollars

The Liebherr Group ended fiscal 2022 with sales of $13.7 billion, up 8% year-on-year, and growing sales in 10 of its 13 product categories.

The German-Swiss multinational machinery manufacturer saw growth in seven product segments including earthmoving, material handling, mobile and crawler cranes, concrete technology and mining, which generated revenue of $9.2 billion, up 6.9% . .

The remaining six product segments of maritime cranes, aerospace and transportation systems, gear technology, automation systems, refrigerators and freezers, components and hotels reported sales of $4.3 billion, an 11% year-over-year growth.

In addition, Liebherr generated approximately $2.2 million in net income last year, while the company expects further sales growth in 2023.

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