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Rieter 1H2020 severely impacted by Covid-19
Sales amounted to CHF 254.9 million (first half year 2019: CHF 416.1 million), which represents a decline of 39 per cent compared to the previous year period.
Rieter order intake up 7% in 2019
Net profit rose to CHF 52.4 million (6.9 per cent of sales) and thus was significantly higher than in the previous year (2018: CHF 32.0 million or 3.0 per cent of sales).
R Albrecht is new MD of Suessen
With effect from January 1, 2018, Roger Albrecht was appointed Managing Director by the Board of Directors of Spindelfabrik Suessen GmbH, Germany.
Rieter reaps 28% rise in sales in India
Both in China and India, Rieter significantly increased sales, by 33 per cent to CHF 186.5 million and by 28 per cent to CHF 182.1 million, respectively. In the other Asian countries, sales declined by 12 per cent.
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