Liebherr Group Reports Financial Growth

Monday, July 18, 2011

In 2010, the international economy grew by approximately 5% and largely overcame the consequences of the financial and economic crisis. This recovery, however, varied from one region of the world to another. Whereas there was particular growth in trade volume in threshold countries, the upward trend in industrial nations was less pronounced. World trade expanded exceptionally strongly in 2010, by 12%.

Worldwide demand for commodities rose and is still rising. This has opened up exceptional growth prospects for the global mining industry, with the result that demand for machinery and equipment for the extraction of raw materials increased strongly.

The European construction industry has not yet been able to keep pace with the general economic upturn. Construction work performed in the 19 member-nations of the “Euroconstruct” organization fell by more than 3 %. After three successive years in which this volume has fallen, the construction industry is expected to regain its stability in 2011.

The Liebherr Group benefited from the worldwide business recovery in the 2010 business year and resumed its growth. Total turnover rose by € 626 million (over $879 million) or 9% to € 7.587 billion (nearly $10.7 billion). This growth derived exclusively from the Group’s construction machinery area, in which it proved possible to increase sales revenues by € 655.3 million (over $920.4 million) or 16% to € 4,744.2 million (nearly $6.7 billion).

Sales revenues from the earthmoving and mining division increased in a gratifying manner by € 602.6 million (over $846.4 million) or 33.3 %, to € 2,412.7 million (almost $3.4 billion). Worldwide sales revenues from mobile and crawler cranes increased by € 47.2 million (almost $66.3 million) or 2.7% to € 1,811.8 million (over $2.5 billion). The construction cranes and mixing technology division increased its sales revenues slightly, by € 5.5 million (over $7.7 million) or 1.1% to € 519.7 million (nearly $730 millon).

(Source: Liebherr Group Press Release)


People & Company News

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

DNV GL Backs John Laing on First Offshore Wind Investment

DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.

MobileOps Pursuing Maritime Business

Redmond, Wash. based MobileOps, Inc., a software company specializing in the design and development of maritime software applications (dispatch, safety, compliance,

Finance

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine

The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent  court receivership and liquidation, reports Business Korea.

Energy

Gasum, Wärtsilä Join Forces to develop Gas Value Chain

New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum,

Worldscale Flat Rates to Fall Again

The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry, says Weekly Tanker Market Report by Gibson.   The

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0935 sec (11 req/sec)