2007.04.10

The global economy as a whole developed well in 2006. While economic momentum in the US slowed down somewhat, especially in the second half of the year, growth remained vigorous in Asia and accelerated significantly in Europe.
At Rieter Textile Systems the positive trend that had already become apparent in the second half of 2005 continued throughout 2006. Demand for staple fiber machinery was especially strong in Asia. The four most important markets for Rieter Textile Systems were India, Turkey, China and Bangladesh.
Consolidated sales also showed a striking increase, rising by 15% to 3,579.9 million CHF and thus easily surpassing the previous record figure of 3,136.6 million CHF set in the 2004 financial year.
The global market for textile machinery in 2006 was characterized by strong demand from the major Asian growth regions. By virtue of its many years of presence and value added locally in Asia, with its strong brand and an innovative product range targeting specific markets, Rieter Textile Systems was well positioned to exploit these trends.
The trend of business at Rieter Textile Systems was very good throughout 2006. Compared with 2005, orders received rose by 46% to 1,724.3 million CHF. Demand was strong for the whole range of systems, machines and components for the staple fiber machinery sector. Rieter Textile Systems also posted a new record for sales in 2006, which rose by 29% to 1,400.7 million CHF.