Outlook Rieter does not expect any significant positive economic stimulus for the textile machinery and automotive supply markets in the second half of the year. If exchange rates remain within the current range and there is no material deterioration in financial markets, Rieter expects sales in the second half of 2005 to be almost on the same level than in the first six months and a disproportionately greater improvement in earnings.
Rieter, established in Winterthur in 1795, is a Swiss-based group operating on a global scale. It is a leading supplier of systems solutions and services for the textile, automotive and plastics industries.
Rieter Textile Systems is the leading supplier of integrated systems and machines for the production of filament and staple yarns, nonwovens and pellets. Rieter Textile Systems is also one of the largest suppliers of technology components and service offerings for these market segments.