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

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Finance

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Canaveral Tops State List for Sand Bypass Funding

The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

Energy

PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported.

Beijing's bid to move polluting firms adds pressure on nearby regions

China's capital has ordered more than 50 companies to shut down this year in an effort to cut pollution but pushing factories out could raise objections in surrounding

Apache CEO, Vermont activist build alliance on climate issues

Steve Farris runs a $33 billion Texas oil and gas company and turns, for advice, to a bearded Vermont environmentalist. As other energy firms battled climate change

 
 
Maritime Contracts Maritime Standards Naval Architecture Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.1136 sec (9 req/sec)