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

People & Company News

Coast Guard Foundation to Honor Longtime Supporter

National Tribute Set for Thursday, October 9, 2014 The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families,

Last Call to Register for SHIPPINGInsight

Maritime industry conference and exhibition opens next week in Stamford, Conn. There’s still time to register online for SHIPPINGInsight 2014, the North American

Aage Hempel to Service and Distribution Simrad Products Aage Hempel Netherlands b.v. signed an agreement with Navico Europe b.v. for service and distribution

Finance

Barge Operator Fined for Releasing Dangerous Gas

The operator of a Portsmouth-based barge has today been made to pay almost £111,000 in fines and costs after pleading guilty to a breach of maritime legislation.

Charterers Remain Optimistic Despite Small Downturn

Overall confidence levels in the shipping industry fell slightly during the three months to August 2014, according to the latest Shipping Confidence Survey from

Insights: New York Canal Director Brian Stratton

Brian U. Stratton was appointed Director of the New York State Canal Corporation in April 2011, to oversee the operation and development of New York’s 524-mile Canal System,

Energy

Last Call to Register for SHIPPINGInsight

Maritime industry conference and exhibition opens next week in Stamford, Conn. There’s still time to register online for SHIPPINGInsight 2014, the North American

Suncor Sends First Tanker of Western Canada Heavy Crude to Europe

Canada's largest oil and gas producer, Suncor Energy Inc, is shipping its first ever tanker of Western Canadian heavy crude from Canada's East Coast to Europe, a company spokeswoman said on Tuesday.

Pivotal to Deliver LNG to Carib for use in Puerto Rico

Pivotal LNG, Inc., a subsidiary of AGL Resources, announced this week a long-term agreement to sell liquefied natural gas (LNG) to Crowley Maritime Corp. subsidiary Carib Energy LLC (Carib).

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1636 sec (6 req/sec)