In the first semester of 2015, Rieter, a global leader in textiles machinery saw sales rise six per cent while EBITDA margin increased by 36 per cent. Net profit rose to 5.3 per cent of sales. R&D spending increased slightly. Since January 2015, Rieter has been conducting its operations in machinery business, spare parts and services and technology components. There is a positive development in the three business groups and the effects of the cost-reduction measures.

The tax ratio was 29.7 per cent compared to 33.5 per cent in the first half of 2014. The group’s net result rose to 5.3 per cent of sales compared to 2.7 per cent of sales in the first half of 2014. Net working capital increased in the first half year of 2015 although inventories were reduced. This development is due to an increase in trade receivables and a reduction in trade payables as well as advance payments from customers.

Asian markets continued to develop at the good level during the first half of 2015. Compared to strong first half of 2014, a significant drop in orders was recorded above all in Turkey, while customers in India continued to invest well. In China, the market remained subdued.

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