Dear Readers,

2019 was another very successful year for the Liebherr Group. Our total revenues exceeded the € 11 billion mark, making it the third record-breaking year in a row for our family-owned business. We are pleased to report that all divisions made a positive contribution towards this excellent result.

We particularly owe this success to our customers and at this point would like to thank them sincerely for the trust they place in us, and for the many partnerships, many of which have lasted for years. We would not be looking at such successful year-end results if it were not for our more than 48,000 employees across the globe. They work tirelessly every day to further the company’s success. We want to take this opportunity to express our sincere gratitude for their commitment, creativity and loyalty.

So how should we interpret these results, which are once again the best in our company’s history? We have been able to draw two main conclusions. Firstly, we believe that our emphasis on long-term thinking and action puts us in a strong position to continually provide our customers with a level of service they can always rely on. We do not envisage that this will change in any way in the future. Secondly, we believe that this year’s record results are rooted in our innovative strength, which we continually drive forward for the benefit of our customers. Our goal is to play a pivotal role in shaping industry trends over the long term and to make things possible for our customers that were previously not considered possible. Things that will make everyday life easier for everyone.

We were certainly able to live up to this commitment during 2019. Each division has brought many new solutions to market which deliver genuine added value. When we develop and manufacture our products, we always focus strongly on efficiency, cost effectiveness, operability, user-friendliness, operational safety, quality and environmental sustainability. We always keep an eye on the technological advancements of the future, which drives forward our work on digital solutions, cutting-edge, alternative drive systems, and new materials and processes. We have also re-invested significantly in our sales and service infrastructure to bring us as close to our customers as possible.

For the fiscal year 2020, a reliable forecast is currently not possible due to the worldwide occurrence of the coronavirus. We know that the year 2020 will be challenging. However, we also know that we will continue to provide reliable support for our customers, partners and employees.

Dr. h. c. Dipl.-Kfm. Isolde Liebherr and Dr. h. c. Dipl.-Ing. (ETH) Willi Liebherr

Presiding Committee of the administrative board of Liebherr-International AG

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