The Liebherr Group achieves €9,009m turnover in business year 2016

In 2016 the Liebherr Group has achieved the third-highest turnover in the Group’s history, with total sales of €9,009m, compared to 2015, this represents a decrease of €228m or 2.5%. In 2016, the Group achieved a net result for the year of €298m, equaling the 2015 result. The financial result improved significantly, thanks in part to the positive effects of exchange rate movements. In contrast, there was a perceptible fall in the operating result. The Group has traditionally emphasized the importance of making regular investments in its production facilities and its global distribution and service networks. As a consequence, the investment rate last year remained at a very high level. Overall, the Group invested €751m. Depreciation added up to €466m (previous year: €448m). It is anticipated that the coming year will see slight positive growth in the global economy, compared to 2016. The growth trend is expected to increase slightly, both in industrialized countries and in emerging and developing economies.