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Textile systems maker Rieter's 2005 order book grows by 4.7%

03 Feb '06

3 min read

Textile systems manufacturer Rieter Management AG released the 2005 orders received and sale development results.

It stated that it developed positively in the second half of 2005 of intake order. Orders received in the 2005 financial year increased by 4.7 percent compared with the previous year, exceeding 3.2 billion CHF for the first time. Consolidated sales of 3 160 million CHF were only slightly lower than the previous year's record figure; the decline in the first half of the year was almost compensated.

Orders received by the Rieter Group in 2005 increased by 4.7 percent to 3 233.2 million CHF.

Following the decline in the first half, which was due primarily to a subdued textile machinery market in Asia, orders increased considerably in the second six months of 2005, especially at Textile Systems, compared with both the second half of 2004 and the first half of 2005?

Group sales of 3 160.0 million CHF almost equaled the record figure of 3 173.2 million CHF achieved in the previous year. Despite the difficult market environment in Western Europe and North America, Automotive Systems achieved sales growth that almost compensated for the cyclical decline in sales at Textile Systems. Exchange rate movements had a slightly positive influence on consolidated sales overall.

The trend of business at Rieter Textile Systems in 2005 reflects two disparate halves. Following a subdued first six months due to uncertainties regarding the WTO quota rules for textiles, order intake at Rieter in the second half of the year recorded a steep rise of 42.3 percent. On an annual basis the increase amounted to 8.4 percent, totaling 1 182.1 million CHF.

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