The 2016 financial year was characterised by a significantly higher order intake, especially in the first half year, and lower sales compared to the previous year. Despite the decline in sales, Rieter achieved an EBIT margin of 6 per cent. Against the background of the solid financial and earnings position, the Board of Directors proposes to the shareholders to increase the dividend compared to the previous year.
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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.
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.
Two different methods of cotton harvesting were each examined at two different farmers. The comparison was carried out through to the knitted fabric, whereby carded ring and rotor yarns with various counts were spun, says Harald Schwippl.
In India, major orders were placed for the Rieter’s K 42 compact system, while in China order intake continued to be below average, despite a slight revival. The amount of orders received by the Rieter Group in the first nine months of 2016 was significantly higher than for the same period of the previous year. Cumulative order intake amounted to CHF 718.4 million and was thus up by 22 per cent on the said prior year period. Order intake in the third quarter totaled CHF 207.7 million owing to an investment reluctance in Turkey.
Rieter will exhibit a wide range of innovations at ITME 2016. As the world leader in compact technology, Rieter will show the K 42 compact spinning machine and the G 32 ring spinning machine with EliTe®. The learning system Rieter ´UPtime´ Solutions, which supports the preventive maintenance of plants, represents a further step towards the digitisation of spinning mills.
The 10th edition of India-ITME is opening on a note of high expectations! The Indian Government´s recent Rs.6,000-cr package & amended TUFS have rekindled exhibitor interest while high-tech wares promise to ignite buyer zest. A cross-section of the textile industry players shares their moods & opinions.