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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.

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Rieter Management AG

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