Rieter posts double digit sales growth in 2014

10 Feb '15

4 min read

Significantly supported by its extended capacities in Asia, Rieter achieved a record output of spindle equivalents.

Rieter expects to achieve an EBIT margin of around 7 per cent and net profit of about 4.5 per cent of sales in 2014.

In recent years Rieter has invested increasingly in the Indian and Chinese markets, as well as expanding production capacity in the Czech Republic.

The global manufacturing concept has enabled the company’s flexibility to be improved and its exposure to the Swiss franc reduced compared to 2011.

Whereas Rieter invoiced 53 per cent of sales in Swiss francs in 2011 financial, figures in 2014 were 40 per cent of sales in Swiss francs, 37 per cent in Euro and 23 per cent in US dollars and local currencies.

Costs denominated in Swiss francs were reduced to some 34 per cent of sales from around 43 per cent of sales in 2013 and expects increasing pricing pressure on sales invoiced in Swiss francs in 2015.

Rieter informs that its full annual financial statements for 2014 and the annual report will be published on March 18, 2015.

On that occasion Rieter will provide information on the impact of the removal of the cap on the euro/Swiss franc exchange rate together with the outlook for 2015. (AR)

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