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Rieter’s order intake up 16 per cent in 2017 fiscal

Rieter’s order intake in the 2017 financial year increased 16 per cent compared to the previous year. Ebit margin before restructuring charges was 5.4 per cent. Total sales were two per cent higher than the previous year.

In Asian countries (excluding China, India and Turkey), Rieter increased sales by 11 percent. A good level of sales was achieved in China, despite a slight decline of one per cent. Sales in India fell by five per cent. This is attributable in particular to lower sales of technology components. Sales in Turkey fell by 16 per cent mainly due to the sluggish order intake for new machines in the first half of the year. Sales in the US and Brazil increased by 32 per cent.

The single-head draw frame RSB-D 50 was launched successfully in 2017. In 2018, Rieter will present a new ring spinning machine and a new compact spinning machine. Innovations that enjoy strong demand are also regularly launched on the market.

Strengthening innovative capacity and the after sales and components business as well as increasing profitability through cost reduction remain the top priorities. The company’s dividend policy allows a payout ratio of at least 40 per cent of net profit.