Swiss franc strength spells uncertain year

摘要

Rieter saw good growth in 2011, with sales rising by 22% to 1060.8m Swiss francs (€879.8m). The boom in demand on the world market for textile machinery and components experienced in 2010 continued in the first quarter of 2011, however, the investment climate cooled from the second quarter with the high cost of cotton and declining yarn prices intensifying pressure on spinning mills' margins and liquidity. Uncertainty prevailed in the second half of the year due to the trend in raw material prices and prospects for the global economy, according to Rieter.