Rieter Textile Systems posts rosy results throughout 2006

01 Feb '07

3 min read

The group's sales growth was fueled mainly by Textile Systems, but Automotive Systems also achieved a new record, despite declining vehicle output in Rieter's main markets of Western Europe and North America. The strong development of order intake and sales was attributable almost entirely to organic growth.

Textile Systems: record order intake and sales figures The global market for textile machinery in 2006 was characterized by strong demand from the major Asian growth regions. By virtue of its many years of presence and value added locally in Asia, with its strong brand and an innovative product range targeting specific markets, Rieter Textile Systems was well positioned to exploit these trends.

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Annual General Meeting on May 10, 2007:
The 2007 Annual General Meeting will be held in Winterthur on May 10, 2007. Any proposals regarding the agenda must be submitted in writing to Rieter Holding Ltd., Office of the Group Secretary, Schlosstalstrasse 43 / P.O. Box, CH-8406 Winterthur, Switzerland, by March 5, 2007, at the latest, including the relevant motions and evidence of the necessary shareholdings (par value of 500 000 Swiss francs, as stipulated in Art. 699 of the Swiss Code of Obligations and §9 of the company's Articles of Association).

Rieter Management AG

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