Sales at Switzerland-based textile machinery manufacturer Rieter reached CHF 1,036.8 million in 2015 compared with CHF 1,153.4 million in 2014. In the year 2015, the company witnessed best sales results in Asian countries (without China, India and Turkey), with an increase of 19 per cent compared to the prior year. In contrast, however, the tendency to invest declined in these countries in the reporting year, the press release mentions.
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In China, sales totalled CHF 139.8 million, 20 per cent down from the prior year, while order intake was up on 2014 and above the level of sales, the company says. The Indian market also performed and Rieter’s sales were 9 per cent (13 per cent in local currency) higher at CHF 142.0 million. Order intake remained at the same level as in the prior year.
In Turkey, Rieter’s sales for the reporting year amounted to CHF 143.7 million. Order intake was at a very low level, but the first signs of recovery were observed toward the end of the year. Sales of CHF 200.6 million in North and South America in 2015 were at the same level as in the preceding year. Order intake was lower than in 2014 due to the more difficult economic situation in South America and the completion of the major investment projects in the USA.
Sales in Africa of CHF 26.7 million were below the previous year’s level, while the reduced sales figure of CHF 60.2 million in Europe was mainly attributable to the sale of the Schaltag Group.
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The machinery provider is expecting EBIT of 7.0 per cent and a net profit of 4.8 per cent of sales for the year as a whole.
