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Rieter posts strong FY2017 results
April 2018
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.
Rieter acquires SSM Textile Machinery Division
August 2017
SSM is a global technology leader with a strong brand and this acquisition is expected to result in strengthening of the Rieter’s Business Group Components.
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