The year 2025

The past year was largely shaped by uncertain global economic conditions. The Group met this situation head-on with a combination of resilience and foresight. In a time of heightened uncertainty, we consciously stayed on course, while simultaneously driving ahead pioneering transformative projects. The aim is – and always has been – to safeguard our long-term future viability and to open up new perspectives for our customers and for the Group by means of clear strategic decisions, technological progress and targeted investment. This past business year is no exception: we were unwavering in our pursuit of this goal, even in the face of geopolitical tensions, a cautious market and the persistent growth in competition.

Against this backdrop, the results for the business year still remain solid. Total revenue amounted to around €14.8 billion with an operating result of €413 million. At the same time, we have continued to invest heavily in land, buildings, machines, facilities and rental stock. This gave us a stronger footing for future periods of growth and expanded our strategic independence, as well as our capacity and proximity to the markets.

The progressive transition to digital technology is a key driver in our future development. It is fundamental to networked products, efficient processes and new service provisions. Artificial intelligence has become an integral element in this regard, too. We make responsible use of AI in areas where it creates real added value for customers, products and internal processes.

One event that had a far-reaching impact this past year was Bauma 2025. In keeping with the overarching slogan of ‘Hands on the future’, the exhibition appearance shone a spotlight on some of our most important product developments. By unveiling 34 world and European premieres and bringing home the innovation award for the ‘Digitalisation’ category, we proved we are developing safe, efficient and sustainable technologies for the construction site of the future. Attention was particularly focused on autonomous systems, electrified machines and other alternative drive technologies. The exhibition appearance also showcased new assistance systems and solutions for remote operation, alongside groundbreaking concepts for future areas of business.

None of these technical advances would have been possible without the efforts of more than 55,000 employees around the world. It is to them we must extend our most sincere thanks: through their dedication, expertise and affiliation with our products and our values, they make an immeasurable contribution to the Liebherr Group’s stability, performance and innovative strength. We are also hugely grateful to our customers and partners for their trust and collaboration, which form a solid foundation for the future.

We are looking ahead to 2026 with a sense of confidence. Periods of growth do not come at the click of our fingers. But when they do arrive, we will be ready for them – backed up by long-term investment and a Group that is actively shaping the change.

Jan Liebherr and Stéfanie Wohlfarth

Presiding committee of the administrative board of Liebherr-International AG