Swiss equipment manufacturer, Liebherr Group, has posted the highest turnover in its history, despite recording "a fall" in the Near and Middle East region.
The company recorded sales worth $12.1bn (EUR9.8bn) in 2017, and a revenue hike of 9.3% during the year, while its construction machinery and mining equipment sales rose by 14.5% to $7.6bn (EUR6.18bn).
Liebherr said it noted a significant turnover hike in Western Europe, its "most important sales region", while its sales performance in Eastern Europe – particularly Russia – "was encouraging" as well.
Revenues also recorded an annual increase in the Far East, Australia, and America markets, Liebherr said, adding: "The Near and Middle East, and Africa, however, recorded a fall."
In 2017, Liebherr's workforce increased to 43,869 employees – an annual increase of 3.7 %.
However, while employee numbers in Liebherr companies in Europe, America, and the Far East / Australia rose, in Africa and the Middle East, "there was a fall in the size of the workforce", the company said. Construction Week has contacted Liebherr for additional details about the workforce reduction.
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