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Rieter Textile Systems posts rosy results throughout 2006

Feb '07
The Rieter Group posted double-digit growth rates in sales and orders received in 2006. Compared to the previous year, order intake increased by 21% to 3 903.5 million CHF and sales by 15% to 3 579.9 million CHF. Orders received at Rieter Textile Systems increased by 46% to 1 724.3 million CHF.

The global economy as a whole developed well in 2006. While economic momentum in the US slowed down somewhat, especially in the second half of the year, growth remained vigorous in Asia and accelerated significantly in Europe.

The emerging economies – in particular the dynamically expanding markets of China and India – also provided substantial support for global economic activity in the year under review.

Orders received by Rieter in 2006 rose by 21 % to 3 903.5 million CHF. At Textile Systems the positive trend that had already become apparent in the second half of 2005 continued throughout 2006. Demand for staple fiber machinery was especially strong in Asia.

The four most important markets for the Textile Systems division were India, Turkey, China and Bangladesh; alongside these, demand came primarily from other Asian countries, such as Pakistan, South Korea, Thailand and Indonesia.

Consolidated sales also showed a striking increase, rising by 15 % (adjusted for currency and acquisition effects by 11%) to 3 579.9 million CHF and thus easily surpassing the previous record figure of 3 136.6 million CHF set in the 2004 financial year.

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