Rieter sales plunge 16% in 2012

05 Feb '13

4 min read

The Spun Yarn Systems Business Group posted new orders of 695.0 million CHF, equivalent to a decline of 10%. At the Premium Textile Components Business Group this figure was21% lower than a year earlier, totaling 144.7 million CHF. This trend was due mainly toweaker demand from Chinese and Indian machinery manufacturers, whereas the trend of business with spinning mills was more dynamic. Rieter had a backlog of orders in hand of some 550 million CHF at year-end.

Sales

Rieter’s sales of 888.5 million CHF were 16% lower than in the previous year. The downturn became more pronounced in the second half of the year in particular: as a result of the weak order intake at the beginning of the year, orders postponed by customers until the 2013 financial year and the weaker components supply business, sales in the second half were 18% lower than in the first six months. Sales of 727.6 million CHF by the Spun Yarn Systems Business Group were 16% lower in the year under review, although this business group posted a substantial increase in sales in China compared to the previous year. Sales of 160.9 million CHF by Premium Textile Components were 19% lower.

Rieter

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