Home / Knowledge / News / Textiles / 2016 sales drop 9% at spinning systems producer Rieter
2016 sales drop 9% at spinning systems producer Rieter
Mar '17
In the full year of 2016, sales dropped 9 per cent year over year to CHF 945 million at Switzerland headquartered Rieter. However, order intake grew 13 per cent over 2015 to CHF 905.2 million in 2016. In the first half of 2016, orders were seen at a good level of CHF 510.7 million, which slowed significantly to CHF 394.5 million in the second half of 2016.

In the reporting period, the spinning systems manufacturer achieved an EBIT margin of 6.0 per cent which stood at CHF 56.5 million.

Net profit in 2016 at CHF 42.2 million was 4.5 per cent of sales, while free cash flow at CHF 42.7 million, was very much higher than net profit.

The equity ratio at 46.2 per cent as on December 31, 2016, was also much higher than 44.3 per cent than on December 31, 2015. (AR)

Fibre2Fashion News Desk – India

Interviews View All

Top executives, Textile industry

Top executives
Textile industry

Technical textiles industry moving back to Europe

Marazban F Velati, Sutlej Textiles & Industries limited

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Deepak Jain, Baggout

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Teresa Neal,

Teresa Neal

Teresa Neal, an art professional with 25 years of experience, in...

Jason Remnant,

Jason Remnant

<div>Xaar plc develops digital inkjet technology; it designs and...

Milva Morani,

Milva Morani

Brighi Technologies began in 1970 with trading and repairing sewing...

Georg Reinhold, Trützschler  Nonwovens & Man-Made Fibers

Georg Reinhold
Trützschler Nonwovens & Man-Made Fibers

Trützschler Nonwovens & Man-Made Fibers, a part of the Trützschler Group,...

Larry L Kinn, Suominen Corporation

Larry L Kinn
Suominen Corporation

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

Ray Baughman, University of Texas -Dallas

Ray Baughman
University of Texas -Dallas

<div>A team of scientists and researchers have discovered twistrons,...

Niti Singhal, Twee In One

Niti Singhal
Twee In One

Best known for convertible clothing, Indian brand Twee In One by designer...

Amiben Shroff, Shrujan

Amiben Shroff

From its modest beginning in the late 1960s, Shrujan has grown into a...

Varsha Wadhwa, VW

Varsha Wadhwa

Coming from a family that ran a business of jute and linen mills since...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

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

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search