Rieter's Sales Decline in 2008

摘要

The downward trend in orders received and sales at the Rieter Group continued in the 2nd half of 2008. As announced in December, orders of 2 561.6 million CHF received in the 2008 financial year were 37% lower than in the previous year, and sales of 3 142.5 million CHF were 20% lower. Both divisions were affected by the severe global drop in demand in their markets, but succeeded in maintaining their market position.rnAs a consequence of the financial crisis and the global economic downturn the declining trend of business in the first half of 2008 continued and intensified in the final six months of the year. In the 2008 financial year Rieter experienced a decline in demand that was unprecedented in its intensity and rapidity and for the first time affected both the textile machinery and the automotive supply business simultaneously.