Rieter Back to Positive Operating Results and 92% Growth in Orders Received (09/25/2010)

Updated: 2010/9/25 9:54:00

As a leading supplier to the textile machinery and automotive markets, Rieter successfully exploited the improved market environment in the first half of 2010 to generate organic growth. Compared with the same period of the previous year, Rieter´s order intake increased by 92% to 1´615.3 million CHF (840.0 million CHF in 2009) and sales grew by 34% to 1´201.3 million CHF (899.8 million CHF in 2009). The Rieter Group and both divisions returned to profit at the operating level. The Rieter Group achieved an operating result before interest and taxes (EBIT) of 14.6 million CHF in the first six months. Rieter will reach the announced turnaround and expects to reaffirm the positive half-year operating result for the 2010 financial year as a whole. Furthermore, Rieter already aspires to a positive net result for the current year.

Source: China Textile Leader

Authority in Charge: China National Textile and Apparel Council (CNTAC)

Sponsor :China Textile Information Center (CTIC)

ISSN 1003-3025 CN11-1714/TS