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Liebherr ends year with 11.5% revenue growth

Liebherr Group has reported a record-breaking revenue of €14,042 million (£12 million). Compared to the previous year, the Group recorded revenue growth of €1,453 million (£1.2 million) or 11.5 per cent.

The manufacturer achieved revenue of €1,171 million (£1 million) in the refrigerators and freezers product segment in the 2023 business year, this represents a year-on-year increase of €19 million (£16.3 million) or 1.6 per cent.

Lierbherr highlighted that multi-door appliances and smart functions were at the forefront of consumers’ minds, as were cooling capacity and convenience. A heightened awareness of energy efficiency and the use of environmentally friendly materials is clearly evident and is being promoted by legislation.

Liebherr’s Freestanding Fridge Freezer.

It said that it responded to these demands in the last business year with various new products and innovations.

One of these innovations being its BluRoX technology in the door of its FNb 5056 freezer. Instead of conventional polyurethane foam, its new vacuum perlite technology uses a more effective form of cold insulation: a vacuum. Finely ground volcanic rock, known as perlite, stabilises the vacuumed components.

The benefits include increased energy efficiency, circular product design and more space inside the appliance. The BluRoX insulation is around a third thinner, increasing the internal volume by around 25 per cent.

Liebherr’s new series of GrandCru and GrandCru Selection wine storage fridges were also launched with new designs and functions. For example, the HumidityControl function can be used to create and maintain a perfect storage climate.

In digital products, Liebherr launched the HNGRYnsite modular fridge camera, which has been on the market in Germany, Austria and the United Kingdom since summer 2023 and works with the existing HNGRY app. The camera takes a picture inside the fridge as soon as the door closes and updates it in the app.

Liebherr said it “anticipates further growth in revenue for the 2024 business year in the refrigerators and freezers segment.”

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