Rieter's operating result before interest and taxes rose by 16 percent to 135.8 million CHF (1 16.8 million CHF in 2006), equivalent to 7.2 percent of corporate output (6.7 percent in 2006). This improvement is attributable to the Textile Systems division's good operating performance. In the context of a challenging automobile industry, Automotive Systems recorded a decline in the operating result.
This was also due to higher costs in connection with new start-ups and production relocations in England. Net profit rose by 42 percent to 116.7 million CHF (82.1 million CHF in 2006), equivalent to 6.1 percent of corporate output (4.7 percent in 2006). This marked increase is attributable to the higher operating result, an excellent financial result, and a slightly lower tax rate.
Earnings per share increased by 40 percent to 26.40 CHF (18.82 CHF in 2006). The 4% bond issued in 2001 of 200 million CHF was repaid per June 21, 2007.
The Rieter Group's financial basis remains sound: cash flow increased by 40 percent to 193.7 million CHF, the equity ratio per June 30, 2007 reached 51.7 percent (45.4 percent per June 30, 2006) and net liquidity rose to 143.8 million CHF (–25.5 million CHF per June 30, 2006).
The slight increase of 1 percent in Rieter's workforce to 15 062 (14 914 per June 30, 2006) is primarily attributable to the expansion of Automotive Systems production capacities in low-cost countries.
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