Rieter Holding slides as it sees significant fall in sales and profit
13/03/2019 08:38
** Shares in Swiss textile industry supplier Rieter Holding
RIEN.S down 7.5 pct
** Reports FY results with EBIT down 17 pct
** Guides for a significant fall in sales and profits in
2019; announces headcount reduction of 5 pct of global workforce
** Vontobel says that headwinds including financing
constraints, political uncertainties, and flat cotton prices
remain in place
((bartosz.dabrowski@tr.com))