Its broad diversification and decentralised structure allowed Liebherr to offset falling sales in individual product segments. In the product segments of maritime cranes, aerospace and transportation systems, gear technology and automation systems, refrigerators and freezers, components and hotels, Liebherr achieved a total revenue of €5427 million. This represents a significant year-on-year increase of 14.7 %. By contrast, a downward trend was seen in the construction machine and mining sector, which includes the product segments of earthmoving, material handling technology, deep foundation machines, mining, mobile and crawler cranes, tower cranes and concrete technology. Although the deep foundation and tower crane product segments saw gains, the revenue for the sector as a whole fell by 5.5 % to €9345 million. The group’s revenue growth varied by region. Declines were registered in Asia and Oceania and in North America. In Europe, it was a tale of two halves: while business in non-EU countries slumped, Liebherr was able to increase its revenue in the European Union, buoyed in particular by positive growth in Germany. Liebherr also registered growth in Central and South America and in the Africa/Near and Middle East sales region, with South Africa and the United Arab Emirates in particular driving growth. The group achieved a net income of €272 million in 2025. Although the operating result was down compared with the previous year, the finance result was above the previous year’s figure. In the 2025 business year, the number of employees also grew further: at the end of the year, Liebherr had a total of 55 963 employees worldwide, 1235 more than in the previous year. Milestones in autonomy In the 2025 business year, the Group invested €708 million in its research and development activities. In the field of autonomy, Liebherr reached numerous milestones. At Bauma 2025, the group unveiled an