THE TEXTILE MAGAZINE
AUGUST 2011
|
23
Rieter competed successfully with
local manufacturers, in particular with
its G 32 ring spinning machine, R 923
semi-automatic rotor spinning ma-
chine and RSB-D 22 drawframe. Sales
RI PLOOLRQ &+) E\ 6SXQ <DUQ
Systems were 88 per cent above the
ÀJXUH UHFRUGHG LQ WKH VDPH SHULRG RI
WKH SUHYLRXV \HDU PLOOLRQ &+)
LQ WKH ÀUVW KDOI RI
While the business group posted
an operating loss of 13.4 million
&+) LQ WKH ÀUVW KDOI RI
WKH
operating result before interest and
taxes in the period under review rose
WR PLOOLRQ &+) 7KLV LV HTXLYD-
lent to 11 per cent of corporate out-
put. The positive trend in the operat-
ing margin was largely due to good
capacity utilization and the ongoing
improvement in product manufac-
turing costs.
Premium Textile
Components
7KURXJK LWV 3UHPLXP 7H[WLOH &RP-
ponents Business Group, Rieter has
emerged one of the world’s largest
suppliers of components for short
staple spinning mills. Premium Tex-
WLOH &RPSRQHQWV VXSSOLHV WHFKQRORJ\
components both to spinning mills
and to various machine manufactur-
ers. This business is less exposed than
WKH PDFKLQHU\ EXVLQHVV WR ÁXFWXD-
tions in market cycles that are charac-
teristic of the industry.
1HZ RUGHUV UHFHLYHG E\ 3UHPLXP
7H[WLOH &RPSRQHQWV LQFUHDVHG E\
SHU FHQW WR PLOOLRQ &+) LQ WKH
ÀUVW VL[ PRQWKV RI
PLOOLRQ
&+) LQ WKH ÀUVW KDOI RI *URZ-
ing demand for high-quality yarns
had a positive impact on sales of
products. The business group’s sales
revenues increased by 21 per cent to
PLOOLRQ &+) LQ WKH SHULRG XQ-
GHU UHYLHZ PLOOLRQ &+) LQ WKH
ÀUVW KDOI RI
Due largely to good capacity utili-
zation, but also to further improve-
ments in manufacturing processes,
3UHPLXP 7H[WLOH &RPSRQHQWV SRVWHG
a disproportionately strong rise in the
operating result before interest and
taxes. This amounted to 21.9 million
&+) PLOOLRQ &+) LQ WKH ÀUVW
half of 2010), corresponding to an
operating margin of 14.6 per cent of
corporate output (8.8 per cent in the
ÀUVW KDOI RI
Investment in long-term
development
Both of Rieter’s business groups,
Spun Yarn Systems and Premium Tex-
WLOH &RPSRQHQWV ZRUNHG LQWHQVLYHO\ RQ
innovations. The goals of these efforts
include facilitating the creation of novel
types of yarn, achieving further im-
provements in the price/performance
ratio of the products and thus meeting
the needs of customers in the growth
markets even more effectively. Both the
groups will exhibit innovations in their
product portfolios at ITMA 2011 in
Barcelona in September.
Rieter has also continued to expand
its facilities in the major markets of
,QGLD DQG &KLQD &DSLWDO H[SHQGLWXUH
LQ WKH ÀUVW KDOI RI
WRWDOOHG
PLOOLRQ &+) FRPSDUHG WR PLOOLRQ
&+) LQ WKH VDPH SHULRG RI WKH SUHYL-
ous year. The company also launched
projects to improve processes aimed
DW PRUH HIÀFLHQW JOREDO QHWZRUNLQJ
of the business.
Outlook
Rieter expects the decrease in order
intake to continue in the second half
RI WKH \HDU FRPSDUHG WR WKH ÀUVW VL[
months. Order intake for 2011 as a
whole is unlikely to equal the previ-
ous year’s extraordinarily high total.
Pressure on customers’ margins and
liquidity might persist in the second
half of 2011.
,W LV FXUUHQWO\ GLIÀFXOW WR IRUHFDVW
whether the factors that are impact-
ing the markets are short-lived or will
continue for a prolonged period. Fur-
ther developments depend on vari-
ous factors, which include exchange
rate developments, consumer senti-
PHQW LQ (XURSH DQG 1RUWK $PHULFD
JURZWK LQ ÀEHU FRQVXPSWLRQ LQ $VLD
and raw material prices.
The high level of orders in hand
secures capacity utilization and sales
UHYHQXHV LQ WKH FXUUHQW ÀQDQFLDO \HDU
and well into the coming year. Rieter
will continue to pursue the expansion
of facilities in Asia, product develop-
ments and process improvements in
the second half of 2011.
The company expects a substantial
increase in sales compared with the
previous year and double-digit oper-
ating margins for the year as a whole.
COver StOry