Liebherr Full-Year Report 2022

Market price risks could arise from ongoing business operations, in particular from currency and interest rate fluctuations triggered by monetary policy normalisation measures across the world.

Individual opportunities and risks To describe individual opportunities and risks, similar types of risks and opportunities have been grouped together. In macroeconomic terms, the decline in increases in the rate of inflation may contribute to a reduction in uncertainty and result in an increase in demand in various industrial sectors in which the Liebherr Group is active. Order intake is developing positively across all product segments.

At the same time, there are macroeconomic uncertainties with regard to how long pandemic-related restrictions will
persist, as well as the effects of steep price increases for many goods and services, shortages of certain raw materials and labour, and bottlenecks in various supply chains. It is currently unclear whether and to what extent fiscal and monetary policy measures will ultimately affect the Liebherr Group.

Products Segment

Concrete technology

Visible economic effects In the first half of 2022, Liebherr experienced a significant drop in demand in concrete technology. This was mainly due to global price increases and delivery bottlenecks in the construction industry. Nevertheless, thanks to highly positive business development in the second half of the year, the Group succeeded in building on the growth of the previous year.

Refrigerators and freezers

The world market volume for large electrical appliances fell slightly in 2022. The main strains on the industry were
caused by delivery bottlenecks and cost increases, which also had an impact on the price of end products. Consumer behaviour in Europe reached a low due to high inflation, increased living costs and uncertainties over energy supply.