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)

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Italian Pleads Guilty to Marine-hose Price-fixing in US

A former executive of Parker ITR Srl pleaded guilty on Thursday to conspiring to rig bids for marine hose and was sentenced to two years in prison, the U.S. Justice Department said on Thursday.

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Finance

ExxonMobil Donates $13.4 Million to 'United Way of Greater Houston'

ExxonMobil employees and retirees raised a record $13.41 million for the United Way of Greater Houston during its 2013 community campaign, which was the largest

Diamond Offshore Shares on the Rise

Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a better-than-expected quarterly profit as it cut drilling costs and hiked prices,

Ecochlor Raises $10m for BWT Maket

Ecochlor, Inc. announced that it has completed a $10 million equity financing to support its growth into the burgeoning ballast water treatment market. Since its formation in 2001,

Energy

At Hamburg port E-mobility Project, BESIC enters crucial phase

Ten battery-operated heavy goods vehicles now transport containers between ships and the yard at the highly automated handling facility in the HHLA Container Terminal Altenwerder (CTA).

ExxonMobil Donates $13.4 Million to 'United Way of Greater Houston'

ExxonMobil employees and retirees raised a record $13.41 million for the United Way of Greater Houston during its 2013 community campaign, which was the largest

Ukraine Forces Kill Five Rebels

Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they closed in on the separatists' military stronghold in the east, and Russia launched army drills near the border in response,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Pod Propulsion Ship Electronics Ship Simulators 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: 0.0917 sec (11 req/sec)