Rieter Group orders received in the first half of 2007 rose by 12 percent to 2 297.7 million CHF (in local currencies and adjusted for divestiture of the man-made fiber business in 2006). Group sales adjusted for divestitures and currency effects increased by 9 percent to 1 920.1 million CHF, thereby setting a new mid-year record.
The Rieter Group operating result before interest and taxes rose by 16 percent to 135.8 million CHF (116.8 million CHF in 2006), and net profit by 42 percent to 116.7 million CHF (82.1 million CHF in 2006). Earnings per share increased by 40 percent to 26.40 CHF (18.82 CHF in 2006).
The Rieter Group continued its profitable growth during the first half of 2007. Thanks to the favourable investment climate in the Asian textile industry, and higher market shares among the automobile producers in Western Europe and North America, sales reached a new record level.
New records were also set by the operating result and net profit. Orders received, adjusted for divestiture of the manmade fiber business in 2006, rose in local currencies by 12 percent to 2 297.7 million CHF (2 024.0 million CHF in 2006).
The Textile Systems division took full advantage of favourable market conditions to realize for the first time a half-year order intake of more than one billion CHF. Sales adjusted for divestitures and currency effects rose by 9 percent and nominally by 8 percent to 1 920.1 million CHF (1 771.6 million CHF in 2006), almost exclusively due to organic growth.
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