Liebherr achieved revenue of €1,095 million in the refrigerators and freezers product segment in the 2024 business year. This represents a year-on-year decrease of €76 million or 6.5 %.

In the refrigerators and freezers product segment, Liebherr faced a challenging market environment characterised by fluctuating demand and geopolitical uncertainties. The global market for large electrical appliances declined for the third consecutive year. In Europe, the refrigerators and freezers market saw a decrease in both sales figures and unit prices, while Germany, as the largest market for Liebherr, also experienced a drop in sales. However, the consumer climate showed signs of recovery towards the end of the year. Looking ahead to 2025, the global market situation remains unpredictable, but is expected to improve slightly, driven by increased consumer confidence and easing interest rates.

Liebherr’s revenue development reflected these market dynamics. In the European Union, there was a significant decline in revenue, especially in Germany. The trend in all other sales regions was also negative, with the exception of the Asia and Oceania region. In India in particular, the company recorded a positive sales trend driven by the introduction of new product lines tailored to local market needs.

Despite the hurdles in the market, Liebherr achieved significant milestones and introduced innovative products with a focus on energy efficiency and advanced functions. The FNa 6625 was the world’s first freezer in energy efficiency class A. The fully integrated ICBa 5123 fridge-freezer also achieved this maximum energy efficiency class, making it the first in its segment to do so. The FNXa 522i freezer with Liebherr’s BluRoX technology earned the Cradle to Cradle Certified® certification in Bronze, making it the first freezer to achieve this status even before being launched on the market.

A new generation of under counter appliances was introduced – these can be planned flexibly, installed easily and feature impressive equipment. Liebherr expanded its range of wine storage fridges with the Vinidor and Vinidor Selection series, which received the prestigious IF Design Award. These fridges enable optimum storage of wines at ideal temperatures.

Liebherr also expanded its range of appliances for use in research and laboratories, with the addition of new fridge-freezers with plastic inner liners. These meet all specific key requirements for daily use in areas such as biotechnology and pharmaceutical research. The appliances prove their worth in particular thanks to their extraordinary robustness, durability and maximum safety.

Liebherr further expanded its commitment to initiatives aimed at reducing its carbon footprint and enhancing social responsibility. The establishment of the Global Health Management programme and the expansion of employer branding efforts reflect the importance of Liebherr’s own workforce and community engagement. Significant investments were also made in 2024, including in the newly completed logistics centre in Lienz (Austria).

Liebherr anticipates a gradual market recovery, supported by a robust product portfolio and strategic expansions to navigate the competitive landscape.