Rieter has shown double-digit sales growth for the year 2014. Rieter, a Switzerland-based textile machinery manufacturer saw sales increased by a 11 per cent. This means a high level of capacity utilization until well into the 2015 financial year.
The company took advantage of a positive trend in flourishing countries and significantly increased sales compared to 2013, thereby benefiting from the significant strategic investments in China and India in previous years. Today, Rieter is able to offer products at the highest quality level from all its locations. A large number of orders came from Asian countries, where spinning mill capacities were built up to supply the Chinese textile markets and from Turkey and the US. The Indian market is asking for all kind of products, particularly for ring and compact yarns. The decline in the second half of the year was mainly attributed to lower orders from Turkey and China, which affected Rieter’s machinery business more than its components business.
In contrast, sales in China and Africa decreased compared to the previous year. Rieter achieved an EBIT margin of seven per cent and net profit of about 4.5 per cent of sales in the 2014 financial year. It expects increasing pricing pressure on sales invoiced in Swiss francs in the 2015 financial year.
www.rieter.com/
