Liebherr revenues up 11.8%

Liebherr revenues up 11.8%

Liebherr has reported first half revenues of €3.65bn up 11.8 percent on the same period last year.

The basic sales numbers were announced at a press conference last week at Bauma China in Shanghai. Winfried Boehm of Liebherr-International said that of the total, sales of construction equipment for the period were €2.22 billion, an increase of 6.6 percent on last year.

Boehm said that this increase was due to the upturn in Liebherr’s earthmoving and mining division, which increased revenues by 28.6 percent to €1.08 billion. Cranes and mixing technology revenues fell 12.5 percent during the same period to €1.08 billion and sales of other products were up 20.9 percent to €1.44 billion.
Liebherr expects group revenues for the full year to come in around six percent higher at around €7.4 billion.

Dr. Stefan Gilch, managing director of Liebherr Machinery Service (Shanghai), said that the company expects another significant year of growth in the Chinese market for 2010, possibly up 50 percent on 2009. He also announced the sale of a 1,200 tonne LTR11200 crawler telescopic crane, exhibited at the show, to China Power Large Size Equipment Assembling Construction Co. which already operates a 1,200 tonne LTM11200 All Terrain.