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| The Textile Magazine
August 2012
(4,725 as on June 30, 2011). In
response to the decline in orders, it
reduced the number of temporary
employees to 800 (1,893 a year
earlier).
The seasonal increase in net
working capital and the outflow of
funds due to the investment pro-
gram 2012/2013, resulted in lower
free cash flow (-15.5 million CHF)
than in the strong equivalent period
of the previous year. The payment
of a dividend of 27.7 million CHF
out of the reserves from capital
contributions reduced net liquidity
at mid-year to 107.4 million CHF.
Rieter continues to have sound fi-
nances and an equity ratio of 35 per
cent after the dividend payment.
Spun Yarn Systems
Through its Spun Yarn Sys-
tems Business Group, Rieter is
the world’s only supplier offering
machinery and systems covering
spinning preparation processes and
all four final spinning processes
established on the market.
Orders received by Spun Yarn
Systems totalled 330 million CHF
in the reporting period. This figure
was 40 per cent lower than in the
first half of 2011, but considerably
higher than in the second half of
2011. Sales of 400.6 million CHF
were six per cent lower than in the
comparative period of the previous
year. The operating profit amounted
to 27.9 million CHF or 7.6 per cent
of corporate output (49.6 million
CHF or 11 per cent in the first half
of 2011). This includes the disposal
gain of 6 million CHF arising from
the sale of manufacturing capacity
in the Czech Republic, which was
announced last year and completed
in the reporting period.
Spun Yarn Systems presented
mill-proven and new products at
two major textile machinery trade
shows in Turkey and China in the
reporting period. Rieter machinery
and systems met with an especially
positive response from custom-
ers at the ITM Istanbul in April.
The exhibits met the needs of the
market, especially well in the areas
of productivity enhancement and
reduction of energy consumption.
At ITMA Asia, Rieter launched the
E 80 comber as a new model in a
very successful product family.
Premium Textile Components
Through its Premium Textile
Components Business Group,
Rieter is one of the world’s larg-
est suppliers of components for
short-staple spinning mills. Pre-
mium Textile Components supplies
technology components both to
corporate