Rieter’s Order Intake Up 6% in Jan.-Sept. 2017

Rieter reported that the amount of orders received by the Rieter Group during the first nine months of 2017 increased by 6% year-on-year to CHF 765.0 million .

The order intake in the third quarter was CHF 269.7 million. The market environment during the quarter was characterized by different dynamics in individual countries as well as with regard to the product categories. While Rieter achieved a high order intake in Asia (excluding China, India and Turkey), demand in China, and particularly India, was restrained. In Turkey, demand for new machines revived in the third quarter.

All three business groups contributed to this positive growth compared to the previous year. During the first nine months, the Machines & Systems Business Group posted an order intake of CHF 490.1 million, up 3%. Orders received during the third quarter amounted to CHF 164.9 million, as compared with CHF 134.2 million in the year before. In Asia (excluding China, India and Turkey), the order intake in the third quarter was significantly above the previous year’s level. Particularly in Uzbekistan, classic spinning systems were in strong demand.

The After Sales Business Group increased their order intake by 12% to CHF 115.8 million. The third-quarter order volumes rose to CHF 38.0 million from CHF 32.0 million in the year before. Growing demand for after-sales services in Asia, China and India contributed to the growth. The spare parts business continued to develop well. The increase in orders in the machines business resulted in higher demand for installation services in the After Sales Business Group.

The Components Business Group posted an order intake of CHF 159.1 million, up 16%. The third-quarter order intake rose to CHF 66.8 million from CHF 41.5 million in the year before. SSM Textile Machinery (SSM) contributed CHF 19.2 million to this significant increase of CHF 25.3 million, supported by generally improved growth in demand in the business group. In China and other Asian countries, the order intake was higher overall. The integration of SSM is proceeding according to plan. Rieter is focusing on the active use of synergy potentials in the field of precision winding machines.

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