According to Rieter’s statement, in the first half of 2018, the sales increased by 24% compared to the same time period of 2017. It is emphasized that the sales of 415 million 200 thousand Swiss Franc in the first half of 2017 became 515 million 300 thousand Swiss Franc in the first half of 2018. Comprised of three main business branches, Rieter made sales of 304 million on Group of Machine Systems with an increase of 19%, 74 million on Post-Sales Group, 137,3 million on Komponent Group which includes firms such as SSM, Graf, Bracker, Suessen, Novibra. It is explained that the orders in the first half of 2018 increased by 3% when compared to the first half of 2017 which makes a sale of 511,8 million Swiss Franc.
In Asian countries, Rieter made a sale of 200 million Swiss Franc in the first half of 2018 with an increase of 80. Positive advancements are observed especially in Uzbekistan, Bangladesh, Vietnam and Indonesia. Besides Asian countries, China as the second biggest client of the firm with 82 million 600 thousand, India became 3rd with a purchase of 60 million 200 thousand Swiss Franc. Furthermore, Turkish firms bought Rieter products 58 million 300 Swiss Franc of value. Company’s sales to Turkey increased by 19% when compared to same time period of 2017. Acquiring 25% of Spanish Electro-Jet SL on July 18, 2018, Rieter got stronger on fiber spinning systems. With this investment, besides gaining a competitive position on fly frame production it is expressed that innovative products will be developed as part of the strategic collaboration.
On the other hand it is stressed that Joris Gröflin, the Chief Financial Officer of Rieter Group since 2011 will quit his position on march, 2019. In a written announcement, the company offered gratitude to Joris Gröflin for his contribution to company’s development. Jan Siebert’in also, a member of Executive Board and director of “Machines and Systems” since 2016, will quit his position by the end of September 2018, leaving his duties to Norbert Klapper.
