Home / Knowledge / News / Textiles / Rieter Textile Systems receives record orders in 2007
Rieter Textile Systems receives record orders in 2007
20
Mar '08
Rieter's sales rose by 12% to 3 930.1 million CHF. The operating result before interest and taxes (EBIT) rose by 54% in the year under review to 278.7 million CHF (180.6 million CHF in 2006), equivalent to 7.3% of corporate output.

Net profit increased by 34% to 211.5 million CHF (157.4 million CHF in 2006). Earnings per share improved sharply to 48.19 CHF (35.53 CHF in 2006). The Board of Directors proposes a dividend of 15.00 CHF per share as last year.

The global economy as a whole developed positively in 2007. Growth momentum was a characteristic feature in all major industrialized countries as well as the emerging economies in Asia and Latin America.

Both divisions of Rieter successfully exploited this trend. The markets served by the group's two divisions, Textile Systems and Automotive Systems, recorded significant growth in the year under review.

The investment climate on the world market for textile machinery was very favorable in the first six months in particular. Vehicle output by the automotive industry increased worldwide.

In Rieter's principal markets vehicle production rose in Western Europe, but was slightly lower in North America. The countries in Eastern Europe, Asia and Latin America recorded strong growth.

Click here to view more:

Rieter Management AG

Must ReadView All

Fashion | On 20th Feb 2017

South Korea’s fashion industry to grow 3.3% in 2017

The South Korean fashion industry is expected to grow by 3.3 per cent ...

Textiles | On 20th Feb 2017

Brazilian cotton prices oscillate in first week of Feb

In the first fortnight of February 2017, Brazilian cotton prices...

Apparel/Garments | On 20th Feb 2017

Kate Spade & Company Q4 net sales climb 9.8%

For the three months ended December 31, 2016, net sales at apparel...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search