The year 2024

We look back on an eventful and momentous year that saw us – together with our employees around the world – celebrate the 75th anniversary of our Group. Our success over the decades is made up of a series of achievements and milestones that fill us with a sense of pride and gratitude. It is a history forged by pioneering spirit, innovative prowess and the courage to tread unknown paths, coupled with stability, longevity and foresight – qualities that still set us apart to this day.

Our anniversary year of 2024 highlighted to us just how interlinked these traits of stability and continuous development are. Taking this opportunity to explore our past has proven to us that innovative prowess and entrepreneurial vision have always been at the root of Liebherr’s lasting success. Today, more than ever, the ability to adapt and the courage to embrace renewal are key to long-term stability.

When innovation and stability are mutually dependent, it is still a matter of striking the right balance between the two. And last year proved that we are still on the right track in this regard.

Despite the challenging general conditions of this past year, we have mastered challenges and celebrated numerous successes in our product segments. We have once again been able to prove that our wide diversification as a Group puts us on a solid footing. Consequently, our operating result has once again increased and our total revenue has risen to an all-time high of €14.6 billion. We are especially proud of securing the largest order in our company’s history: this comprises 475 zero-emissions mining machines and solidifies our commitment to innovative technologies and sustainable solutions.

We would like to take this opportunity to thank each and every one of our more than 50,000 employees around the world. Their passion, creativity and tireless dedication are the very foundation of our success. We are also hugely grateful to our customers and partners for their enduring loyalty and their trust in us. Together, we look to the future with confidence and give our all to ensure that we continue to unite stability and innovation in 2025.

Numerous tasks lie ahead of us this year. We need to find the right answers in the face of a world in transition, complex economic conditions and the pressures of intensified competition in several of our sectors. There are many transformation processes in our Group and ongoing areas of exploration, such as digitalisation, that we can only drive forward with a united front. We also want to make further progress in the field of corporate responsibility. The ‘Development and outlook’ chapter provides more detailed information on this subject.

For Liebherr, 2025 is set to be a year of exciting and trailblazing developments. One particular highlight will be Bauma, the most important exhibition for the construction machine sector, where we will showcase our technological excellence to an international audience. Over the past 75 years, we have shaped the future time and again – together with our customers. This is reflected in our Bauma motto of ‘Hands on the future’, which also encapsulates our motivation for 2025 and beyond.

We look forward to exploring more new paths this year, driving ahead innovations and contributing to a sustainable future.

Jan Liebherr and Stéfanie Wohlfarth

Presiding committee of the administrative board of Liebherr-International AG