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- Title
Rieter: higher sales, profits and orders.
- Abstract
The article reports on the business successes of Winterthur, Switzerland-based Rieter Group in terms of sales, profits and orders in the first six months of 2006. The orders received by its Textile Systems business unit has increased by 91 percent. The operating result before interest and taxes doubled to 62 million CHF and the operating margin increased to 9.7 percent of corporate output. Meanwhile, sales by Rieter Automotive increased by nine percent to CHF 1.120 million. Rieter is planning to expand systematically its presence in Asia particularly in China and India.
- Subjects
WINTERTHUR (Switzerland); SWITZERLAND; FINANCIAL statements; REITER Management AG; CORPORATE profits; TEXTILE industry; RIETER Textile Systems (Company); BUSINESS success; FINANCIAL performance
- Publication
Melliand International, 2006, Vol 12, Issue 3, p168
- ISSN
0947-9163
- Publication type
Article