Brief: Rieter Holding Posts EBIT Loss Of CHF 10.2 Mln In First Half Of 2022

Rieter Holding AG

19/07/2022 05:40

July 19 (Reuters) - Rieter Holding AG  RIEN.S :
    * ORDER INTAKE OF CHF 869.4 MILLION, WHICH INCLUDED CHF
176.6
MILLION FROM THE BUSINESSES ACQUIRED IN THE YEARS 2021/2022
    * DEMAND HAS THUS RETURNED TO NORMAL COMPARED WITH THE
EXCEPTIONALLY HIGH FIGURE FOR THE PRIOR-YEAR PERIOD
    * DEMAND REMAINS WELL ABOVE THE AVERAGE FIGURE FOR THE LAST
FIVE
YEARS OF AROUND CHF 570 MILLION
    * SALES OF CHF 620.6 MILLION, WHICH INCLUDED CHF 68.9
MILLION FROM
THE BUSINESSES ACQUIRED IN THE YEARS 2021/2022
    * SALES SIGNIFICANTLY HIGHER THAN IN THE PRIOR-YEAR PERIOD,
ALTHOUGH PREPRODUCED DELIVERIES IN THE THREE-DIGIT MILLION RANGE
HAD TO BE POSTPONED UNTIL THE SECOND HALF OF 2022
    * THE REASONS FOR THE POSTPONEMENTS WERE THE COVID LOCKDOWN
IN
CHINA AND SUPPLY CHAIN BOTTLENECKS
    * POSTED A LOSS OF CHF -10.2 MILLION AT THE EBIT LEVEL IN
THE
FIRST HALF OF 2022

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

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