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Rieter: order intake affected by market disruption
02 Feb '12
4 min read
Due to the high level of orders in hand and increased output at Spun Yarn Systems, Rieter's sales rose overall by 22% compared with the previous year, to 1 060.8 million CHF (+27% in local currencies). The Spun Yarn Systems Business Group posted a 28% increase in sales to 861.7 million CHF. Sales at the Premium Textile Components Business Group increased by 4% to 199.1 million CHF. In local currencies Spun Yarn Systems grew by 32%, Premium Textile Components by 11%.
Rieter achieved disproportionate growth in profitability in the 2011 financial year as a whole. The company expects to post an operating margin (EBIT) in the double-digit range for 2011.
Rieter is a leading supplier on the world market for textile machinery and components used in short staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns.
Rieter achieved disproportionate growth in profitability in the 2011 financial year as a whole. The company expects to post an operating margin (EBIT) in the double-digit range for 2011.
Rieter is a leading supplier on the world market for textile machinery and components used in short staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns.
Rieter
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