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Rieter sales down 29%
According to the first, unaudited figures, total sales of CHF 760 million were achieved, which is 29 per cent down on the previous year (2018: CHF 1 075.2 million).
Roman Haefeli heads Sales of SSM
Increasing customer demands require increasing sales service responsibilities. To strengthen the worldwide team and to achieve complete customer satisfaction, SSM Schärer Schweiter Mettler AG is pleased to announce the appointment of Roman Haefeli as Head of Sales.
Switzerland: The cradle of innovation
Switzerland, the largest producer of textile machinery, is recognised worldwide for its outstanding quality and innovative products in textile machines.
SSM to premiere drum winder
Last but not least SSM is exhibiting the winding machine for the preparation of low-density muffs made of high-elastic yarns, which enables to preserve the highest possible residual elasticity of the yarn throughout the dyeing process.
SSM - combined power of 300 years of experience
SSM Textile Machinery, Horgen (Switzerland), is a subsidiary of the Rieter Group based in Winterthur (Switzerland). It is the one brand and trendsetter that drives the global market in winding technologies and machines.
Rieter posts strong FY2017 results
Rieter posted an order intake of CHF 1,051.5 million in FY2017. This represents an increase of 16% compared to the previous year (increase of CHF 146.3 million).
A significant increase in order intake and order backlog at the end of the year marked the 2017 financial year. In terms of sales, Rieter posted a slight increase. The EBIT margin before restructuring charges was 5.4 per cent. Despite special effects, the company’s dividend policy and solid financial position allow the payment of an attractive dividend. Therefore, the Board of Directors proposes to the shareholders to leave the dividend unchanged at CHF 5.00.
State-of-the-art solutions from SSM
SSM Schärer Schweiter Mettler AG will show their latest applications at ITM in Turkey. SSM has announced their participation of the forthcoming ITM in Istanbul. The Swiss-based SSM, the inventor of the electronic yarn traverse system, will continue their tradition of trend-setting with the presentation of breakthrough technologies which will help the customers to get their goals.
Rieter's order intake grows by 16%
Rieter’s growth in order intake in the Asian countries (excluding China, India and Turkey) was pleasing.
The Rieter Group achieved an order intake of CHF 1 051.5 million in the 2017 financial year. This represents an increase of 16 per cent compared to the previous year (+ CHF 146.3 million). Thus, the upturn seen in the first half of 2017 continued. Sales totaled CHF 965.6 million, up 2 per cent on the previous year (2016: CHF 945.0 million). The full annual financial statements and the 2017 Annual Report will be published by Rieter on March 13, 2018.
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