Browsing: Rieter

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’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.

Thanks to the SERVOlap E 26, a reduction in labour costs of up to 30 per cent can be achieved. The flexible and efficient transportation of laps allow for carefree machine operation in combing installations; and smooth machine operation can be continued even through the night shift.

SSM showed two new product launches for the first time at the ShanghaiTex 2017. The PWX-CTM, for cone-to-muff, and the PWX-MTC, for muff-to-cone winding, generated large interest. SSM was very pleased by the high response on their shared booths.

With a mill assessment, Rieter After Sales analyses a customer’s spinning mill and develops solutions for successful optimisation.

For the whole of 2017, Rieter anticipates sales in the region of CHF 980 million and a net profit of around 1 per cent to 2 per cent of sales.

Rieter has taken the first steps in the Internet of Things (IoT) with two SPIDERweb modules, the Alert and Cockpit modules as well as the client module.