Rieter Reports Drops in Sales a Profits

摘要

The Rieter Group closed the 2019 financial year with considerably lower sales than in the previous year.According to the first,unaudited figures,total sales fell 29% from the previous financial year to CHF 760.0 million.Meanwhile,the order intake rose by 7% to CHF 926.1 million.According to the company,2019 was characterized by the trade conflict between the U.S.and China,excess spinning capacities,as well as political and economic uncertainties in regions of importance to Rieter.The Business Group Machines & Systems posted a sales decline of 42% to CHF 389.0 million,as sales of new machines were at very low levels.