Rieter Holding: Falls on FY miss, uncertainties ahead
27/01/2021 10:03
** Shares in Rieter Holding RIEN.S fall 3% after the Swiss
textile machinery maker posted FY results below expectations
urn:newsml:reuters.com:*:nFWN2K118X
** Baader Helvea says order intake and sales came in
respectively 3% and 4% below consensus, and adds EBIT was also
significantly below consensus (a CHF 85 mln loss while consensus
saw a loss of CHF 66 mln)
** H1 2021 sales are expected below break-even point, making
it difficult to make 2021 a very profitable year, the broker
says
((elizaveta.gladun@thomsonreuters.com))