Rieter: order intake +7% for 2019

Rieter: order intake +7% for 2019

The textile machinery manufacturer Rieter Holding AG, Winterthur/Switzerland, achieved an order intake of CHF 926 million in the 2019 financial year, 7% higher than in the prior year period. Total sales reached CHF 760 million, 29% down on the previous year.
The Business Group (BG) Machines & Systems posted an order intake of CHF 563 million, an increase of 20% compared to the previous year. This is primarily due to the 4th quarter (Q4) of 2019, in which an order intake of CHF 307 million was booked. This figure includes orders from Cotton & Textile Industries Holding Co., Cairo/Egypt, for the delivery of compact and ring spinning systems in the amount of around CHF 165 million.
In the BG Components, order intake went down by 15% to CHF 222 million compared to the previous year. Due to weaker macroeconomic conditions, order intake in Q4/2019 was CHF 49 million, lower than in the previous quarters.
With an order intake of CHF 141 million, the BG After Sales recorded a year-on-year increase of 1%. Q4/ 2019, in contrast, with an order intake of CHF 45.5 million, was significantly higher than the previous quarters, which is largely attributable to the installation services for the Cotton & Textile Industries Holding Co. project.

Source:
dfv media group