Search Result For
Result(s) found: 42
Rieter posts strong FY2017 results
Rieter posted an order intake of CHF 1,051.5 million in FY2017. This represents an increase of 16% compared to the previous year (increase of CHF 146.3 million).
A significant increase in order intake and order backlog at the end of the year marked the 2017 financial year. In terms of sales, Rieter posted a slight increase. The EBIT margin before restructuring charges was 5.4 per cent. Despite special effects, the company’s dividend policy and solid financial position allow the payment of an attractive dividend. Therefore, the Board of Directors proposes to the shareholders to leave the dividend unchanged at CHF 5.00.
State-of-the-art solutions from SSM
SSM Schärer Schweiter Mettler AG will show their latest applications at ITM in Turkey. SSM has announced their participation of the forthcoming ITM in Istanbul. The Swiss-based SSM, the inventor of the electronic yarn traverse system, will continue their tradition of trend-setting with the presentation of breakthrough technologies which will help the customers to get their goals.
Rieter's order intake grows by 16%
Rieter’s growth in order intake in the Asian countries (excluding China, India and Turkey) was pleasing.
The Rieter Group achieved an order intake of CHF 1 051.5 million in the 2017 financial year. This represents an increase of 16 per cent compared to the previous year (+ CHF 146.3 million). Thus, the upturn seen in the first half of 2017 continued. Sales totaled CHF 965.6 million, up 2 per cent on the previous year (2016: CHF 945.0 million). The full annual financial statements and the 2017 Annual Report will be published by Rieter on March 13, 2018.
SSM launches 2 new products
SSM showed two new product launches for the first time at the ShanghaiTex 2017. The PWX-CTM, for cone-to-muff, and the PWX-MTC, for muff-to-cone winding, generated large interest. SSM was very pleased by the high response on their shared booths.
SSM's focus on X-Series
SSM showed their newest textile machines at ShanghaiTex for the first time. The Swiss based SSM Schärer Schweiter Mettler AG, the inventor of the electronic yarn traverse system, took part at the ShanghaiTex on the booth of their agent Union Trading as well as on the booth of Rieter Components.
High order intake for Rieter in Asia
For the whole of 2017, Rieter anticipates sales in the region of CHF 980 million and a net profit of around 1 per cent to 2 per cent of sales.
SSM’s new agent for UK & Ireland
As of December 1, 2017 Alphalex Ltd will act as sole agent for SSM Schärer Schweiter Mettler AG in the United Kingdom (UK) and in Ireland.
SSM fares well in 2 exhibitions
SSM Schärer Schweiter Mettler AG attended two exhibitions in September: Irantex in Tehran, Iran and CAITME in Tashkent, Uzbekistan. Visitors were impressed by the SSM solutions.
Advertise Here [300 W x 250 H pixels]