Liebherr sees stable growth in the 2025 business year

The Liebherr Group saw stable growth overall and ended the 2025 business year with a revenue of €14,772 million. Its broad diversification and decentralised structure allowed Liebherr to offset falling sales in individual product segments.

In the product segments of maritime cranes, aerospace and transportation systems, gear technology and automation systems, refrigerators and freezers, components and hotels, Liebherr achieved a total revenue of €5,427 million. This represents a significant year-on-year increase of 14.7 %. By contrast, a downward trend was seen in the construction machine and mining sector, which includes the product segments of earthmoving, material handling technology, deep foundation machines, mining, mobile and crawler cranes, tower cranes and concrete technology. Although the deep foundation and tower crane product segments saw gains, the revenue for the sector as a whole fell by 5.5 % to €9,345 million.

The Group’s revenue growth varied by region. Declines were registered in Asia and Oceania and in North America. In Europe, it was a tale of two halves: while business in non-EU countries slumped, Liebherr was able to increase its revenue in the European Union, buoyed in particular by positive growth in Germany. Liebherr also registered growth in Central and South America and in the Africa/Near and Middle East sales region, with South Africa and the United Arab Emirates in particular driving growth.

The Group achieved a net income of €272 million in 2025. Although the operating result was down compared with the previous year, the finance result was above the previous year’s figure. In the 2025 business year, the number of employees also grew further: at the end of the year, Liebherr had a total of 55,963 employees worldwide, 1,235 more than in the previous year.

Milestones in autonomy

In the 2025 business year, the Group invested €708 million in its research and development activities. In the field of autonomy, Liebherr reached numerous milestones. At Bauma 2025, the Group unveiled an autonomous wheel loader featuring the award-winning ‘Liebherr Autonomous Operations’ system. Liebherr also presented the S1 Vision – a prototype for an autonomous, battery-electric and single-axle dump truck. Autonomous mining trucks are also getting close to productive operations.

Another focal point of developments has been on alternative drive technologies. In this regard, Liebherr expanded its portfolio with the new, electrified construction machines, such as the first fully electric duty cycle crawler crane, the HS 8100.2 dual power, or the first battery-electric crawler excavator, the R 920 G8-E. Further to this, both the LTM 1150-5.4E all-terrain crane and the MK 120-5.1E mobile construction crane, for example, can be powered by a choice of mains power or integrated battery. All this is complemented by the LPO 600 battery-based energy storage system, which allows for electric machines to be charged or powered on the construction site.

In the reporting year, Liebherr also developed numerous digital solutions. New assistance systems for fast-erecting cranes correct any swaying motions and allow the crane to extend to saved positions on a semi-automatic basis. The Energy Planner from Liebherr provides operators with software to plan for their energy requirement on construction sites. It helps to prevent gaps in supply and efficiently calculates charging phases and energy requirements. Across the entire Group, Liebherr is working on a standardised software basis for digital services and on the ‘Software Defined Machine’ programme that facilitates a future-oriented control architecture for all construction machines. The Group built on its organisation and skills in the field of cyber security and strengthened its in-house AI competence centre to drive forward the responsible use of artificial intelligence.

Paving the way for growth and competitiveness

In the past business year too, Liebherr invested heavily in expanding production sites and in rental fleets, among other areas, highlighting its long-term commitment to innovation and sustainable and organic growth. With investment reaching €1,059 million, it remained at the high level of previous years and was financed using funds generated by the Group. Depreciation amounted to €587 million.

To meet the growing demand for mobile and crawler cranes, Liebherr acquired a plot measuring more than 500,000 m2 in Ehingen-Berg (Germany). In Kirchdorf an der Iller, a new dispatch centre was built. Meanwhile, at the Biberach an der Riss site, two high-volume orders for slewing bearings received from the wind industry resulted in further investment in production, infrastructure and testing equipment. Liebherr is also making upgrades to the production facilities for tower cranes and mobile construction cranes in Biberach, due for completion in 2034. Liebherr is also increasing its capacities internationally: in Plovdiv (Bulgaria) and in Guaratinguetá (Brazil), the Liebherr Group is expanding its production capacities. In Tupelo (MS, USA), the Group is establishing a new logistics centre, while a plot has been acquired in Houston (TX, USA) for the creation of a new facility for the repair, sale and servicing of construction machines.

Liebherr enters 2026 with confidence

‘Liebherr is anticipating that the 2026 business year will continue to present a challenging economic environment. Global uncertainties, geopolitical tensions and ever-increasing competitive pressure will continue to shape the economy,’ explains Steffen Günther, managing director and member of the executive board for Liebherr-International AG, Bulle (Switzerland). As such, numerous product segments are expecting customers to remain cautious when it comes to investments. ‘Even though the Group has started 2026 with a promising volume of orders, we are not anticipating a marked period of growth until 2027. Until then, we will use the time to target our investment in our sites, innovations and sustainable solutions,’ says Steffen Günther. Overall, the Liebherr Group benefits from its high level of diversification, its international organisation and its decentralised structure. These factors help to soften the impact of global uncertainties from time to time. Against this backdrop, Liebherr is confident of further growth in 2026.

On Thursday, 2 April 2026, the Liebherr Group publishes its current annual report. In addition to detailed figures, it contains a magazine section that reviews the past business year. In an interview, Jan Liebherr, president of the administrative board of Liebherr-International AG, together with Sophie Albrecht and Patricia Rüf, members of the administrative board of Liebherr-International AG, sum up 2025. In this video, Steffen Günther gives his assessment of business performance in 2025, as well as looking ahead to what can be expected in 2026.

The annual report of the Liebherr Group can be found online at