Brief: Rieter Holding AG: Expects FY22 EBIT, Net Result Below Prior Yr

Rieter Holding AG

21/10/2022 05:37

Oct 21 (Reuters) - Rieter Holding AG  RIEN.S :
    * SALES OF CHF 366.8 MILLION IN THE THIRD QUARTER, CHF 987.4
MILLION AFTER NINE MONTHS
    * ORDER INTAKE OF CHF 226.4 MILLION IN THE THIRD QUARTER,
CHF 1
095.8 MILLION AFTER NINE MONTHS
    * EXCEPTIONALLY HIGH ORDER BACKLOG OF AROUND CHF 2 000
MILLION AS
OF SEPTEMBER 30, 2022, WHICH WILL GUARANTEE CAPACITY UTILIZATION
IN ALL THREE BUSINESS GROUPS UNTIL WELL INTO 2023 OR RATHER 2024
    * RIETER ANTICIPATES WEAKENED DEMAND FOR NEW SYSTEMS IN THE
COMING
MONTHS
    * DESPITE SIGNIFICANTLY HIGHER SALES COMPARED TO THE
PRIOR-YEAR
PERIOD, RIETER EXPECTS EBIT AND NET RESULT FOR 2022 TO BE BELOW
THE PREVIOUS YEAR’S LEVEL
    * FOR THE FULL YEAR 2022, RIETER EXPECTS SALES OF AROUND CHF
1 400
MILLION

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 (Reporting by Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))