News | 04/04/2022 2021 Annual Report

The Liebherr Group recorded a turnover of €11,639 million in the 2021 business year, nearly matching the all-time high of 2019.

Almost all product segments, with the exception of Gearing Technology and Automation Systems and Maritime Cranes, contributed to the increase in revenue. As world markets began to recover in the second quarter, however, manufacturing companies faced new challenges in the form of bottlenecks in the global supply chain. The insufficient availability of various raw materials, components and electronic parts resulted in price increases and impacted Liebherr’s production activities to varying degrees.

The number of employees around the world rose by 3.5% to 49,611. Most of the increase was in Europe, followed by Asia and Oceania. The Group did, however, also record an increase in the number of employees in Central, South and North America, as well as in Africa and the Near and Middle East.

In the previous business year, Liebherr invested €559 million in research and development with the aim of shaping technological progress in the industry. The primary focus in research and development was on alternative drives aimed at further reducing the products’ environmental footprint, and on digitalisation. At the same time, the Group has refined existing technologies and added numerous machines, components and systems to its product portfolio.

As a wholly family-owned company, Liebherr stands for stability, reliability and forward-looking innovations with extremely high quality standards. We interviewed Dr h c Isolde Liebherr, Dr h c Willi Liebherr, Philipp Liebherr and Stéfanie Wohlfarth, representing the family shareholders, who revealed their views on the past business year, the challenges they overcame and the technological progress achieved by Liebherr. The story “An Ode to the Wind” in our magazine section details the diverse contributions that Liebherr products make to wind power, the cornerstone of the energy transition, and takes a detailed look at this resource-saving and climate-neutral source of energy.

The full Annual Report can be found here:

Liebherr Annual Report 2021