March 13, 2018 / 5:46 AM / 9 months ago

BRIEF-Rieter Holding FY Net Profit ‍At CHF 13.3 Million ​

March 13 (Reuters) - RIETER HOLDING AG:

* FY ‍SALES INCREASES BY 2% TO CHF 966 MILLION​

* FY ‍ORDER BACKLOG RISES BY CHF 100 MILLION TO CHF 540 MILLION​

* ‍AT CHF 13.3 MILLION (1.4% OF SALES), FY NET PROFIT IS CONSIDERABLY LOWER THAN IN PREVIOUS YEAR ​

* ‍EXPECTS SALES AND PROFITABILITY FOR 2018 TO BE ABOVE LEVEL OF 2017 (BEFORE RESTRUCTURING CHARGES)​

* ‍IN FIRST SEMESTER OF 2018, EBIT AND NET PROFIT FOR GROUP ARE EXPECTED AT LEVEL OF PREVIOUS PERIOD​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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