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Rieter Group reached a historical turning point in spring 2011

Rieter focusing on textile machinery and components production has achieved striking sales growth with significantly higher operating result and net profit. Company has declared dividend of 6 CHF per share proposed and moving to higher investment activities to secure profitable future growth.

  • Rieter’s order intake of 958.3 million CHF in 2011 was 34% lower than the very high figure (1 454.6 million CHF) recorded in the previous year.
  • Orders in hand at year-end were slightly over 600 million CHF.
  • Sales rose by 22% compared with the previous year, to 1 060.8 million CHF (870.4 million CHF in 2010).
  • On December 31, 2011, Rieter employed a workforce of 4 695, compared with 4 395 a year earlier.
  • The operating result before interest and taxes (EBIT) increased from 75.7 million CHF to 112.6 million CHF, corresponding to growth of 49%.
  • The operating margin rose to 10.8% of corporate output, compared to 9.0% in the previous year.
  • Net profit amounted to 119.0 million CHF or 11.4% of corporate output (82.9 million CHF and 9.9% in 2010).
  • Earnings per share on continuing operations therefore amounted to 25.86 CHF (15.63 CHF excluding the capital gain).
  • Return on net assets (RONA) since the separation was thus 19.8% (13.1% excluding the capital gain).
  • The Board of Directors will propose a dividend of 6.00 CHF be paid for the 2011 financial year out of the reserve from capital contributions.
  • Rieter generated free cash flow of 79.5 million CHF. Net liquidity therefore improved further to 159.0 million CHF (-3.5 million CHF in 2010).
  • Rieter’s financial stability is additionally ensured by a 250 million CHF bond issue.

 Rieter promises continue intensified investment activity through the 2012 financial year to lay the foundations for further profitable growth. To accelerate expansion in Asia and product innovation, Rieter plans investment activities totaling around 90 million CHF in 2012 and 2013, about half of which due in 2012. Investments totaling around 50 million CHF are planned in 2012/2013 for further improving global processes, just over half of which in the financial year 2012.

Rieter presentations at the ITM TEXPO EURASIA 2012

Rieter was represented at the ITM Texpo Eurasia 2012 with two stands and provided competent information on all 4 spinning systems and the optimally suited fiber and spinning plant preparation. Key machines from the Rieter product range as well as end products from the 4 Rieter yarns made a visit to the Rieter exhibition stands an extremely interesting and informative experience for all.

Only by an optimal coordination of the machines from the fiber preparation and the spinning preparation up to the end spinning process, is it possible to productively and economically achieve the required yarn quality at the highest level of flexibility. Rieter offers all these processes and competences from one source. At the ITM Texpo Eurasia 2012, Rieter presented highlights from its current product range and clearly illustrating how Rieter as a strong, competent partner made life easier for its customers and supports them from the initial investment discussions through to the successful operation of a spinning plant.
Some important presentations were the following –

C 70 Card

The C 70 high-performance card achieves excellent quality values at highest production for all yarn applications. This is based on the well-proven 1.5 m working width and maximum active carding area. Focus is placed on the economic production of carded and combed ring yarns. Precise flats guiding and innovation in the pre- and post-carding area allow, with the selective waste extraction, excellent raw material exploitation and sliver quality. With the integrated grinding system IGS, the sliver quality is maintained at a high level. By utilizing draw frame modules instead of the classical can coilers, the customer has the possibility to optimally layout the process.

K 45 Compact Spinning Machine

The K 45 compact spinning machine is a further development of its successful predecessor, the K 44. With machine length up to 1 632 spindles, it sets standards for ideal compacting, machine length and economy. In addition, the K 45 offers greatest flexibility for quality yarns. Its superiority over other compacting processes has been further increased by additional technical spinning solutions for extended applications. The concept for the compacting system with perforated metal cylinders generates energy and maintenance costs substantially lower than with any other compacting systems.

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