Edition:
United States

Rieter Holding AG (RIEN.S)

RIEN.S on Swiss Exchange

135.30CHF
19 Oct 2018
Change (% chg)

CHF-2.50 (-1.81%)
Prev Close
CHF137.80
Open
CHF139.20
Day's High
CHF139.20
Day's Low
CHF134.00
Volume
18,462
Avg. Vol
23,645
52-wk High
CHF258.80
52-wk Low
CHF134.00

Latest Key Developments (Source: Significant Developments)

Rieter Holding FY Net Profit ‍At CHF 13.3 Million ​
Tuesday, 13 Mar 2018 01:32am EDT 

March 13 (Reuters) - RIETER HOLDING AG ::‍PROPOSED DIVIDEND OF CHF 5.00​.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​.  Full Article

Rieter Holding Q3 order intake was CHF 269.7 mln‍​
Friday, 27 Oct 2017 12:38am EDT 

Oct 27 (Reuters) - RIETER HOLDING AG ::9-MONTH ORDER INTAKE AMOUNTED TO CHF 765.0 MILLION, UP BY 6%‍​.ORDER INTAKE IN THE THIRD QUARTER WAS CHF 269.7 MILLION‍​.FOR THE WHOLE OF 2017, RIETER ANTICIPATES SALES IN THE REGION OF CHF 980 MILLION‍​.OUTLOOK 2017: OPERATING PROFITABILITY (EBIT MARGIN) OF 4.5% TO 5.5% BEFORE RESTRUCTURING CHARGES‍​.SEES NET PROFIT OF AROUND 1% TO 2% OF SALES FOR THE 2017 FINANCIAL YEAR.  Full Article

Rieter Holding: agreement with Works Council at Ingolstadt location
Friday, 29 Sep 2017 12:48am EDT 

Sept 29 (Reuters) - RIETER HOLDING AG ::HAS AGREED WITH WORKS COUNCIL AT INGOLSTADT LOCATION ON PACKAGE OF MEASURES FOR EMPLOYEES AFFECTED BY PLANNED REDUCTION IN WORKFORCE‍​.RELOCATION OF PRODUCTION TO USTI (CZECH REPUBLIC).ESTABLISHMENT OF A TRANSFER COMPANY.EXPECTED COST REDUCTIONS OF OVER CHF 15 MILLION FROM 2019.FOR 2017, RIETER ANTICIPATES A NEGATIVE IMPACT ON EARNINGS OF CHF 36 MILLION.  Full Article

Rieter buys SSM Textile Machinery division from Schweiter
Monday, 3 Jul 2017 12:53am EDT 

July 3 (Reuters) - RIETER HOLDING AG ::RIETER ACQUIRES THE SSM TEXTILE MACHINERY DIVISION FROM SCHWEITER <<>>.PURCHASE PRICE AMOUNTS TO CHF 124.2 MILLION, CONSISTING OF ENTERPRISE VALUE OF CHF 100.0 MILLION AND LIQUID FUNDS..IS FINANCING THE PURCHASE PRICE FROM EXISTING FUNDS.ACQUISITION WILL HAVE A POSITIVE IMPACT ON EARNINGS PER SHARE.THE BUSINESS WILL BE ATTACHED TO THE BUSINESS GROUP COMPONENTS AS AN INDEPENDENT UNIT.RIETER WILL CONTINUE TO OPERATE SSM IN ITS CURRENT FORM AND WITH THE EXISTING MANAGEMENT.  Full Article

Schweiter Technologies sells SSM Textile Machinery division to Rieter
Monday, 3 Jul 2017 12:45am EDT 

July 3 (Reuters) - SCHWEITER TECHNOLOGIES AG ::SCHWEITER TECHNOLOGIES SELLS SSM TEXTILE MACHINERY DIVISION TO RIETER <<>>.SELLING PRICE, INCLUDING CASH RESOURCES REMAINING WITHIN COMPANY, IS CHF 124.2 MILLION, AND ENTERPRISE VALUE (CASH FREE / DEBT FREE) IS CHF 100 MILLION.OVERALL TRANSACTION RESULTS IN A BOOK PROFIT OF APPROXIMATELY CHF 90 MILLION.  Full Article

Rieter Holding sees stable sales and profitability for 2017
Tuesday, 14 Mar 2017 01:50am EDT 

Rieter Holding AG : In spite of the 9 percent decline in sales, Rieter achieved an EBIT margin of 6.0 percent (56.5 million Swiss francs ($56.11 million)) and a net profit of 4.5 percent of sales (42.7 million francs) in FY . Free cash flow at 76.3 million francs – increase of dividend proposed to 5.00 francs . Board of directors of Rieter Holding Ltd. proposes to the annual general meeting on April 5, 2017, to elect Bernhard Jucker as chairman of the board of directors .Despite low visibility in the sales markets, Rieter expects sales and profitability for 2017 to be at the level of the previous year (before restructuring costs).  Full Article

Rieter Group FY sales down 9 pct at 945.0 mln Swiss francs
Wednesday, 1 Feb 2017 12:56am EST 

Rieter Holding AG : Achieved an order intake of 905.2 million Swiss francs ($914.34 million) in the 2016 financial year. This represents an increase of 13 pct compared to the previous year . FY sales amounted to 945.0 million Swiss francs (2015: 1 036.8 million Swiss francs) and as expected were 9 pct down on the previous year . For the year 2016 as a whole, Rieter expects an EBIT margin of 6 pct and a net profit of 4.5 pct of sales . Reorganization of the Ingolstadt site, Germany . Concept envisages the reduction of around 220 jobs at the Ingolstadt site. At the end of December 2016, Rieter had 360 employees in Ingolstadt . Productions shall be transferred to Rieter's Usti site in the Czech Republic . Once the measures are complete at all affected sites, a cost reduction of chf 15-20 million is expected from 2019 .Anticipates that one-off expenditure in the mid-double-digit million range will be required for implementation purposes over the next two years.  Full Article

Swiss Rieter seeks to reassure on Turkey impact

ZURICH, Aug 10 Swiss textile machinery company Rieter Holding moved to reassure investors on Friday over its exposure to Turkey, one of its most important markets that is going through a currency crisis.