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- Title
Rieter Higher sales of textile machinery and automotive textiles.
- Abstract
The article elaborates the financial performance of Rieter Holding Ltd. in Winterthur, Switzerland. The company's sales increased by 12% which operating results augmented by 54% in 2007, equivalent to 7.3% of its corporate output, while its net profit rise by 34%. The market served by the company includes the textile systems and the automotive systems which manifest a significant growth in 2007. Its principal market vehicle rose in Western Europe, but was slightly lower in North America, while Eastern Europe, Asia and Latin America also recorded strong growth.
- Subjects
WINTERTHUR (Switzerland); SWITZERLAND; RIETER Holding AG; FINANCIAL performance; BUSINESS forecasting; BUSINESS cycles; CORPORATE growth; TEXTILES; TEXTILE industry
- Publication
Melliand International, 2008, Vol 14, Issue 2, p78
- ISSN
0947-9163
- Publication type
Article