Business

Rieter Group Presents Third Quarter Results

Details on outlook for 2018 The order intake recorded by the Rieter Group in the first nine months of 2018 was down by 2% compared to the prior year period. The cumulative order intake was CHF 749.8 million. In the third quarter of 2018, order intake was CHF 238.0 million (Q3 2017: CHF 269.7 million). In the Business Group Machines & Systems, order intake fell to CHF 433.4 million, a reduction of 12% compared to the first nine months of the previous year (2017: CHF 490.1 million). In the third quarter of 2018, Machines & Systems received orders worth CHF 135.7 million (Q3 2017: CHF 164.9 million). In the Asian countries (excluding China, India and Turkey), especially in Vietnam, order intake increased compared to the third quarter of 2017. In China, development was stable. For Indian customers, increasing challenges in financing of orders led to a weakening of demand in the third quarter. In Turkey, demand was very low. The Business Group After Salesrecorded a decline in order intake compared to the first nine months of the previous year, from CHF 115.8 million to CHF 111.3 million (-4%). Order volumes in the third quarter of 2018, which totaled CHF 36.3 million, were lower than in the prior year period (Q3 2017: CHF 38.0 million). The spare parts business developed positively. However, the lower volume in the machinery business led to a decline in installation services. In the third quarter of 2018, After Sales also recorded a significant decline in order intake from Turkey compared to the previous year. The Business Group Components? including the acquisition of SSM Textile Machinery ? increased order intake to CHF 205.1 million (2017: CHF 159.1 million), a growth of 29%. In the third quarter of 2018, order intake was CHF 66.0 million (Q3 2017: CHF 66.8 million). For Components, compared to the prior year period order intake in the key markets of China, India and the Asian countries (excluding China, India and Turkey) was generally stable in the third quarter of 2018.