Brief: Rieter Holding FY Net Loss Of CHF 89.8 Million

Rieter Holding AG

09/03/2021 05:41

March 9 (Reuters) - Rieter Holding AG  RIEN.S :
    * FY ORDER INTAKE OF CHF 640.2 MILLION, SALES OF CHF 573.0
MILLION, EBIT MARGIN OF -14.7% AND NET PROFIT OF -15.7% OF SALES
IN FINANCIAL YEAR 2020
    * NO DIVIDEND PROPOSED FOR THE 2020 FINANCIAL YEAR
    * EXPECTS AN ORDER INTAKE IN THE FIRST HALF OF 2021
EXCEEDING THAT
OF THE PREVIOUS HALF YEAR (SECOND HALF OF 2020: CHF 389.5
MILLION)
    * STILL ANTICIPATES THAT SALES IN THE FIRST HALF OF 2021
WILL BE
BELOW THE BREAK-EVEN POINT.
    * EXPECTS AN OPERATING PROFIT FOR THE FULL YEAR 2021.
    * AT THE NET PROFIT LEVEL, FY LOSS OF CHF 89.8 MILLION WAS
REPORTED, I.E. 15.7% IN RELATION TO SALES

Source text for Eikon:  ID:nEQbCnx6ma 
Further company coverage:  RIEN.S 

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