Rieter: High order intake for April 2021

High order intake for April 2021

(Source: Rieter)
(Source: Rieter)

Rieter Holding Ltd., Winterthur/Switzerland, received orders of around CHF 300 million in April 2021 and expects an order intake of around CHF 800 million in the 1st half of 2021 (H1/2020: CHF 250 million). However, Rieter expects sales below break-even in H1/2021. Rieter expects an operating profit for the full year 2021.

In addition to the regional development of the market, Rieter also attributes the business performance to a catch-up effect due to the low propensity to invest in 2019/2020. In April 2021, however, orders were down sharply internationally with a focus on Turkey, Uzbekistan and India.

Your Newsletter for the Textile Industry

From the industry for the industry – sign up for your free newsletter now

To differentiate your newsletter registration from that of a bot, please additionally answer this question: