www.rieter.com http://www.rieter.com/ Latest news de www.rieter.com http://www.rieter.com/EXT:tt_news/ext_icon.gif http://www.rieter.com/ Latest news TYPO3 - get.content.right http://blogs.law.harvard.edu/tech/rss Thu, 16 Feb 2012 07:00:00 +0100 Rieter concentrates spinning machinery assembly in Winterthur – Sirnach site to be closed http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/rieter-konzentriert-spinnereimaschinen-montage-in-winterthur-standort-sirnach-tg-wird-aufgegeben/?tx_ttnews%5BbackPid%5D=70&cHash=3a6ae98001 Rieter Machine Works Ltd. intends to concentrate the assembly of all machines manufactured by the...
Following this move it is intended to dispose of the property in Sirnach in a suitable form. About Rieter
Rieter is a leading supplier on the world market for textile machinery and components used in short staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four final spinning processes currently established on the market. With 18 manufacturing locations in 9 countries, the company employs a global workforce of some 4 700, 28% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under the ticker symbol RIEN. (www.rieter.com) For further information please contact:
Rieter Holding Ltd.
Investor Relations
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 15
F +41 52 208 70 60
E-mail: investor@rieter.com		Rieter Management Ltd.
Media Relations
Barbara Rösch
Corporate Communications
T +41 52 208 70 32
F +41 52 208 70 60
E-mail: media@rieter.com
]]> GP Press Release Thu, 16 Feb 2012 07:00:00 +0100 2011 financial year: Rieter reports significant increase in sales http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/buehler-acquires-manufacturing-capacity-from-rieter-in-the-czech-republic-1/?tx_ttnews%5BbackPid%5D=70&cHash=d5b8f0b8c8 Rieter recorded pleasing growth in the 2011 financial year. Sales rose by 22% to 1060.8 million...  Orders Received and Sales 2011 The boom in demand on the world market for textile machinery and components experienced in 2010 continued in the first quarter of 2011. The investment climate started to cool off as of the second quarter. The high cost of cotton and declining yarn prices intensified pressure on spinning mills’ margins and liquidity. The second half of the year was also dominated by uncertainty due to the trend in raw material prices and prospects for the global economy. As of the second quarter the market retreated to a lower level compared with the previous year. Demand for yarns also declined in 2011. However, spinning mills were able to reduce yarn inventories to some extent again in the second half of the year. Order intake affected by market disruption
Orders totaling 958.3 million CHF received by Rieter in 2011 were 34% lower than the very high figure recorded in the previous year (-31% in local currencies). The decline occurred in particular as of the second quarter and affected both Business Groups. While orders received by Spun Yarn Systems were 36% lower at 775.0 million CHF, at Premium Textile Components they declined by 22% to 183.3 million CHF (-34% and -17% respectively in local currencies). Generally speaking, the components business is less subject to market cycles than the machinery business.

Some customers postponed or canceled orders as a consequence of the disruption on the raw material and yarn markets. Most cancelations affected orders placed in the peak year of 2010. Rieter therefore adjusted its order book by a total of 112.6 million CHF in the second half of 2011. Excluding cancelations, orders received in the second half of the year amounted to 399.6 million CHF. Orders in hand at year-end were slightly over 600 million CHF.

China, Turkey and India were the sources of the largest volume of orders. Other important markets were South Korea, Indonesia, the USA, Brazil, Pakistan and Bangladesh. All in all Rieter further expanded its market position worldwide in the year under review and gained market share with attractive products. In China and India Rieter strengthened its market position with a specific offering for the local markets. This shows that Rieter positioned itself well and made the right investment decisions in earlier years.

Higher sales at both Business Groups
Due to the high level of orders in hand and increased output at Spun Yarn Systems, Rieter’s sales rose overall by 22% compared with the previous year, to 1 060.8 million CHF (+27% in local currencies). The Spun Yarn Systems Business Group posted a 28% increase in sales to 861.7 million CHF. Sales at the Premium Textile Components Business Group increased by 4% to 199.1 million CHF. In local currencies Spun Yarn Systems grew by 32%, Premium Textile Components by 11%.

Profit outlook for 2011 confirmed
Rieter achieved disproportionate growth in profitability in the 2011 financial year as a whole. The company expects to post an operating margin (EBIT) in the double-digit range for 2011.
Rieter’s final figures for 2011 and the annual report will be published on March 21, 2012, at the results press conference and presentation to analysts in Winterthur.
Annual General Meeting on April 18, 2012
The 2012 Annual General Meeting of Rieter Holding Ltd. will be held in the Eulach-Hallen in Winterthur on April 18. Any proposals regarding the agenda must be submitted in writing to Rieter Holding Ltd., Office of the Company Secretary, Klosterstrasse 32, CH-8406 Winterthur, Switzerland, by February 23, 2012, at the latest, including the relevant motions and evidence of the necessary shareholdings (par value of 0.5 million CHF as stipulated by Art. 699 of the Swiss Code of Obligations and §9 of the Articles of Association). Presentation to investors
You will find a presentation regarding orders received and sales in 2011 at www.rieter.com (Investor Relations >> Presentations) About Rieter
Rieter is a leading supplier on the world market for textile machinery and components used in short staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four final spinning processes currently established on the market. With 18 manufacturing locations in 9 countries, the company employs a global workforce of some 4 700, 28% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under the ticker symbol RIEN. (www.rieter.com) For further information please contact:
Rieter Holding Ltd.
Investor Relations
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 15
F +41 52 208 70 60
E-mail: investor@rieter.com		Rieter Management Ltd.
Media Relations
Barbara Rösch
Corporate Communications
T +41 52 208 70 32
F +41 52 208 70 60
E-mail: media@rieter.com		 
]]> GP Press Release Thu, 02 Feb 2012 07:00:00 +0100 Bühler acquires manufacturing capacity from Rieter in the Czech Republic http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/buehler-acquires-manufacturing-capacity-from-rieter-in-the-czech-republic/?tx_ttnews%5BbackPid%5D=70&cHash=74cf8436ce Uzwil-based technology group Bühler is to acquire two manufacturing facilities in the Czech... Additional manufacturing flexibility for Rieter The manufacturing operations earmarked for sale (employing a workforce of 315 at the end of 2010) are located in Zamberk and Ústí nad Orlicí, and are part of Rieter CZ, a wholly-owned subsidiary of the Rieter Group. As manufacturers of subassemblies, components and sheet metal parts they operate mainly as suppliers to Rieter. Business with third-party customers in different industrial sectors has been expanded progressively in recent years. Rieter also intends to employ these plants in future as suppliers for its textile machinery manufacturing activities. However, in light of the further expansion of its business in the major Asian markets Rieter foresees changes in the volume of purchases from its Czech facility.

Through the transfer of this business to a new industrial owner (Bühler), Rieter will gain additional flexibility in manufacturing and at the same time create optimal development prospects for the plants being sold. Rieter’s remaining activities at the Ústí nad Orlicí and Boskovice sites are not affected by this transaction.

Reinforcement of Bühler’s manufacturing capacity close to the market

Bühler will not only retain all Rieter employees, but also plans further investment in the Czech manufacturing site. In reinforcing its manufacturing capacity in Europe, and especially in eastern Europe, it is pursuing the principle of producing efficiently and cost-effectively, as close as possible to the market.

The acquisition in the Czech Republic will at the same time increase the group’s flexibility by enabling the targeted growth in output to be handled in-house, and will create scope to improve throughput times. As a result of Rieter’s ownership of these manufacturing facilities to date Bühler will benefit from their high quality standards, their know-how and their familiarity with Swiss corporate culture.

The transaction is expected to be completed in January 2012. The parties have agreed not to disclose the purchase price.

About Bühler

Bühler is a global leader in the field of process engineering, in particular production technologies and services for manufacturing foodstuffs and technical materials. Bühler has a presence in more than 140 countries and employs a workforce of some 7 800 worldwide. The group generated sales of CHF 1 907 million in the 2010 financial year.
Further information at www.buhlergroup.com.

About Rieter

Rieter is a leading supplier on the world market for textile machinery and components used in short staple fiber spinning. Based in Winterthur (Switzerland), the company develops and manufactures systems, machinery and technology components used to convert natural and manmade fibers and their blends into yarns. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four final spinning processes currently established on the market. With 18 manufacturing locations in 9 countries, the company employs a global workforce of some 4 700, approx. 26% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN.  For further information please contact:
Rieter Holding Ltd.
Investor Relations
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 15
F +41 52 208 70 60		Rieter Management Ltd.
Media Relations
Barbara Rösch
Corporate Communications
T +41 52 208 70 32
F +41 52 208 70 60		Bühler Ltd.
Media Relations
Corina Atzli
Head Corporate Communications
T +41 71 955 11 11
F +41 71 955 33 79

Download

 Press Release EN (PDF/19 KB)
 Press Release DE (PDF/19 KB)]]> GP Press Release Wed, 26 Oct 2011 07:00:00 +0200 Pleasing trend of business at Rieter http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/pleasing-trend-of-business-at-rieter/?tx_ttnews%5BbackPid%5D=70&cHash=4f091bfbc4 Order intake at high level – 66% increase in sales – Increase in operating result (EBIT) to 70.6... The Rieter Group embarked on a historic change of course in the spring of 2011. Shareholders approved a proposal by the Board of Directors to separate the group and for its two divisions, engaged in the textile machinery and the automotive components supply business respectively, to continue in operation as independent, separately listed companies. Following the completion of this separation, Rieter has become an industrially focused supplier of machinery and components for short staple fiber spinning mills. It pursues the operating business of the former Rieter Textile Systems Division through two Business Groups, Spun Yarn Systems (machinery) and Premium Textile Components (components). With the publication of figures for the first half of 2011, Rieter is reporting for the first time in the context of this new structure.

Rieter recorded a pleasing trend of business in the first half of 2011, continuing the positive development reported in 2010. New orders received were again at a high level, totaling 671.3 million CHF; this represented a decline of 9% compared to the exceptionally high figure in the same period of the previous year, but is still above the long-term average. Sales increased by 66% to 537.8 million CHF. Expressed in local currencies the increase amounted to 73%. Rieter posted a disproportionately strong rise in the operating result before interest and taxes, which increased from 2.0 million CHF in the first half of 2010 to 70.6 million CHF. This corresponds to an operating margin of 12.8% of corporate output. Net profit also developed positively, rising from 7.5 million CHF to 91.0 million CHF, boosted by a net capital gain of 42.3 million CHF. Excluding capital gains, it amounted to 8.8% of corporate output. In the period under review Rieter intensified capital expenditure in the major Asian growth markets and pressed on with the development of products adapted to local needs in emerging markets. The markets for textile machinery and components continued to develop apace in the first half of 2011, especially in the first quarter. They leveled off slightly in the second quarter; expectations of a further decline in the price of cotton and consequently in yarn increased the pressure on spinning mills’ margins and liquidity. In this market environment Rieter’s intake of new orders remained at a high level due to its market-oriented products, totaling 671.3 million CHF in the first six months of 2011. This corresponds to a slight decrease of 9% compared to the exceptionally high level recorded in the same period of the previous year (738.6 million CHF). There was strong demand from customers for products of both Rieter’s business groups, Spun Yarn Systems and Premium Textile Components. Demand was also broad-based in regional terms. Rieter recorded the largest volume of orders in the Indian, Turkish and Chinese markets. High levels of orders were also secured in other Asian countries such as South Korea, Indonesia and Pakistan. Spinning mills in the USA, Brazil and Egypt also invested in staple fiber machinery and components from Rieter.

The high level of orders already in hand at the beginning of the year continued to grow on the back of healthy order intake in the first six months of 2011. This meant that Rieter’s production capacity was utilized to the limit, resulting in long delivery times in some cases. Sales of 537.8 million CHF were 66% higher than in the same period of the previous year. Corporate output also increased by 66% to 559.1 million CHF. Exchange rates – especially the strength of the Swiss franc – had a negative impact on new orders received by Rieter and on sales revenues to the tune of –4 and –7 percentage points, respectively, in the first half of 2011.

High capacity utilization and attractive products generating good margins resulted in a disproportionate increase in profitability relative to sales. Rieter posted an operating result before interest and taxes (EBIT) of 70.6 million CHF in the first half of 2011 (2.0 million CHF in the first half of 2010). This is equivalent to 12.8% of corporate output.

There was also a striking increase in net profit, which amounted to 91.0 million CHF (7.5 million CHF in the first half of 2010). Both the higher operating result and a net capital gain of 42.3 million CHF realized in the period under review contributed to this positive outcome. The capital gain arose from the reduction in the equity stake that Rieter holds in Lakshmi Machine Works Ltd. in India. Rieter announced this transaction on April 1, 2011. Excluding capital gains, net profit corresponded to 8.8% of corporate output. The financial result (–4.9 million CHF) consists mainly of interest paid on the bond issue.

As of June 30, 2011, Rieter employed a workforce of 4 725, compared with 4 064 on the same date in the previous year. The increase in personnel numbers was due largely to the expansion of facilities in the growth markets of India and China. Rieter also increased the number of temporary employees in order to satisfy the large volume of orders.

Separation of the Rieter Group completed

The separation of the Rieter Group into two independent companies focusing on the textile machinery and automotive components supply business respectively, which was announced on March 22, 2011, and approved by the Annual General Meeting held on April 13, has been completed as planned. The automotive component supply business has been listed as Autoneum Holding AG on the SIX Swiss Exchange since May 13, 2011. The former Rieter Automotive Systems Division features in this report as “discontinued operations” and appears as a separate item in the income statement. The impact arising from revaluations are included in this result and are non-recurring.

The focus on the textile machinery business enables Rieter to position itself more clearly and operate with greater strategic flexibility. Reporting in the context of the two segments – Spun Yarn Systems and Premium Textile Components – creates greater transparency and visibility for shareholders.

Sound balance sheet

Even after the spin-off of the Automotive Systems business as an independent company through the distribution of a special dividend, Rieter has a sound balance sheet with shareholders’ equity of 360.4 million CHF and an equity ratio of 32%. Rieter generated free cash flow of 63.3 million CHF despite a volume-related increase in net working capital and higher capital expenditure. Cash and cash equivalents of 417.9 million CHF and net liquidity of 149.8 million CHF continue to ensure strategic flexibility and the long-term financing of corporate development. The 250 million CHF fixed-rate bond which bondholders decided to leave in place on May 10, 2011, also contributes to this.

With its sound balance sheet Rieter is well placed to achieve further development of the business through internal and external growth.

Spun Yarn Systems Business Group

Through its Spun Yarn Systems Business Group, Rieter is the only supplier world-wide covering the spinning preparation processes and all four final spinning processes established on the market with its machinery and systems.

Spun Yarn Systems received new orders to the value of 552.7 million CHF in the period under review. This figure was 12% lower than a year earlier, but was still at an above-average level (625.1 million CHF in the first half of 2010). Demand for market-specific products developed by Rieter to meet the needs of the major Asian markets was an important factor here. Rieter competed successfully with local manufacturers, in particular with its G 32 ring spinning machine, R 923 semi-automatic rotor spinning machine and RSB-D 22 drawframe. Sales of 425.1 million CHF by Spun Yarn Systems were 88% above the figure recorded in the same period of the previous year (226.5 million CHF in the first half of 2010). While the business group posted an operating loss of 13.4 million CHF in the first half of 2010, the operating result before interest and taxes in the period under review rose to 49.6 million CHF. This is equivalent to 11.0% of corporate output (–5.5% in the first half of 2010). The positive trend in the operating margin was largely due to good capacity utilization and the ongoing improvement in product manufacturing costs.

Premium Textile Components Business Group

Through its Premium Textile Components Business Group, Rieter is one of the world’s largest suppliers of components for short staple spinning mills. Premium Textile Components supplies technology components both to spinning mills and to various machine manufacturers. This business is less exposed than the machinery business to the fluctuation in market cycles that are characteristic of the industry.

New orders received by Premium Textile Components increased by 6% to 118.6 million CHF in the first six months of 2011 (112.0 million CHF in the first half of 2010). Growing demand for high-quality yarns had a positive impact on sales of Premium Textile Components’ products. The business group’s sales revenues increased by 21% to 112.7 million CHF in the period under review (93.1 million CHF in the first half of 2010). Due largely to good capacity utilization, but also to further improvements in manufacturing processes, Premium Textile Components posted a disproportionately strong rise in the operating result before interest and taxes. This amounted to 21.9 million CHF (9.4 million CHF in the first half of 2010), corresponding to an operating margin of 14.6% of corporate output (8.8% in the first half of 2010).

Investment in the long-term development of the business

Both of Rieter’s business groups, Spun Yarn Systems and Premium Textile Components, worked intensively on innovations in the period under review. The goals of these efforts include facilitating the creation of novel types of yarn, achieving further improvements in the price/performance ratio of the products and thus meeting the needs of customers in the growth markets even more effectively. Both business groups will exhibit innovations in their product portfolios at the ITMA 2011 in Barcelona in September.

Rieter has also continued to expand its facilities in the major markets of India and China. Capital expenditure in the first half of 2011 totaled 14.4 million CHF, compared to 3.9 million CHF in the same period of the previous year. Rieter also launched projects to improve processes aimed at more efficient global networking of the business.

Outlook

Rieter expects the decrease in order intake to continue in the second half of the year compared to the first six months. Order intake for 2011 as a whole is unlikely to equal the previous year’s extraordinarily high total. Rieter foresees pressure on customers’ margins and liquidity persisting in the second half of 2011.

It is currently difficult to forecast whether the factors that are impacting the markets are short-lived or will continue for a prolonged period. Further developments depend on various factors, which include exchange rate developments, consumer sentiment in Europe and North America, growth in fiber consumption in Asia and raw material prices.

The high level of orders in hand secures capacity utilization and sales revenues in the current financial year and well into the coming year. Rieter will continue to pursue the expansion of facilities in Asia, product developments and process improvements in the second half of 2011.

Rieter expects a substantial increase in sales compared with the previous year
and double-digit operating margins for the year as a whole.

Semi-annual report and telephone conference

You will find the full text of the semiannual report and the relevant presentation at www.rieter.com. You can also register at www.rieter.com to receive our media releases regularly by e-mail.

Future dates

  • Publication of sales figures for the 2011 financial year: February 2, 2012
  • Results media conference and presentation for financial analysts on the 2011 annual financial statements: March 20, 2012
  • Annual General Meeting: April 18, 2012

Downloads

 Press Release (English/PDF/45 KB)  Press Release (German/PDF/50 KB)  Presentation (in English only/PDF/800 KB)  Semi-Annual Report 2011 (English/PDF/2.1 MB)  Semi-Annual Report 2011 (German/PDF/2.1 MB)

For further details please refer to:
Rieter Holding AG
Investor Relations
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 32
F +41 52 208 70 60
investor@rieter.com
Rieter Management AG
Media Relations
Barbara Rösch
Corporate Communications
T +41 52 208 70 32
F +41 52 208 72 73
media@rieter.com

About Rieter

Rieter, with registered offices in Winterthur, Switzerland, is a global market leader in spinning machinery and components, with the broadest offering worldwide. The company develops and manufactures machinery, components and systems for manufacturing yarns from natural and man-made fibers and combinations of the same. Rieter is the world’s only supplier of products and know-how covering not only pre-spinning processes but also all four final spinning processes established on the market. The company has 18 production plants in 9 countries and employs some 4700 people worldwide, of whom about 26% in Switzerland. Rieter is listed on the SIX Swiss Exchange (ticker symbol RIEN). www.rieter.com]]> GP Press Release Wed, 27 Jul 2011 07:00:00 +0200 Rieter’s first stock trading day after the separation of Automotive Systems http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/rieters-first-stock-trading-day-after-the-separation-of-automotive-systems/?tx_ttnews%5BbackPid%5D=70&cHash=9fb2e788bf Today May 13, 2011 is the first trading day of Rieter shares ex-dividend (ticker symbol RIEN... Technological leadership and presence in growth markets Rieter is a global market leader in short-staple spinning machinery and components, with the broadest offering worldwide, and the world’s only supplier of products and know-how covering all four final spinning processes. The company comprises two business groups: Spun Yarn Systems develops and manufactures machinery and systems for manufacturing yarns from natural and man-made fibers and combinations of the same. Premium Textile Components (PTC) offers technology components and related services under strong, globally established proprietary brand names, both for spinning mills and for third-party manufacturers. “Rieter is a strong long-standing brand name in the textile machinery market. After systematically expanding its traditional machinery business with technology components and services for short-staple spinning mills, Rieter is now a leading global supplier of related components”, says Executive Chairman Erwin Stoller. Rieter supplies technology components not only to spinning mills, but also to diverse machinery producers. This business is less prone than machinery manufacturing to the market cycles typical of the industry. Rieter has continuously strengthened its presence in the Asian growth markets in recent years to systematically build up market leadership and create sustainable value added for shareholders. The Rieter dividend policy depends on a number of different factors, taking account of which the company strives for a payout ratio of up to 30%.

Board of directors and management

As of May 13, 2011 Rieter Holding and Autoneum each have their own independent board of directors and management. The Rieter board of directors comprises Erwin Stoller (executive chairman), This E. Schneider (vice chairman, lead director and chairman of the nomination and compensation committee), Dieter Spälti, Jakob Baer (chairman of the audit committee), Michael Pieper, Hans-Peter Schwald and Peter Spuhler. The Rieter Group Executive Team comprises Erwin Stoller (executive chairman), Peter Gnägi (head of the business group Spun Yarn Systems), Werner Strasser (head of the business group Premium Textile Components), Joris Gröflin (CFO) and Thomas Anwander (general counsel). For further details please refer to:
Rieter Holding AG
 Rieter Holding AG
Media
Erwin Stoller
Executive Chairman
T +41 52 208 70 32
F +41 52 208 70 60
media@rieter.com
www.rieter.com
 Investors
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 32
F +41 52 208 70 60
investor@rieter.com
www.rieter.com
 Press Release (English/PDF/22KB)
 Press Release (German/PDF/22KB)]]> GP Press Release Fri, 13 May 2011 07:00:00 +0200 Bondholders uphold outstanding bonds (CHF 250 million, 4 1/2%, 2010-2015) http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/bondholders-uphold-outstanding-bonds-chf-250-million-4-12-2010-2015/?tx_ttnews%5BbackPid%5D=70&cHash=6c7a35a8da Rieter announced today that the outstanding CHF 250 million 4 1/2% bonds 2010-2015 will be upheld...
The bondholders’ meeting resolved, by absolute majority of votes represented, to fully uphold these bonds rather than declaring them due and repayable. Rieter’s strategic flexibility and long-term financing of corporate development is thus assured. Contact persons for further information:
Rieter Holding AG Rieter Management AG
Investor Relations Media Relations
Urs Leinhäuser
Chief Financial Officer
T +41 52 208 79 55
F +41 52 208 70 60
investor@rieter.com
www.rieter.com		 Peter Grädel
Head Corporate Communications
T +41 52 208 70 12
F +41 52 208 72 73
media@rieter.com
www.rieter.com
]]> GP Press Release Tue, 10 May 2011 11:00:00 +0200 Rieter Holding AG invites bondholders to meeting on May 10, 2011 http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/rieter-holding-ag-invites-bondholders-to-meeting-on-may-10-2011/?tx_ttnews%5BbackPid%5D=70&cHash=78528f2b22 Rieter Holding AG, Winterthur (Switzerland) has announced that a bondholders' meeting will be held... bondholders' brochure. For further information, please refer to:
Rieter Holding AG
Investor Relations		Rieter Managenement AG
Media Relations
Urs Leinhäuser
Chief Financial Officer
T +41 52 208 79 55
F +41 52 208 70 60
investor@rieter.com
www.rieter.com
Peter Grädel
Head Corporate Communications
T +41 52 208 70 12
F +41 52 208 72 73
media@rieter.com
www.rieter.com
 Press release (English/PDF/17KB)   This press release constitutes neither an offer to buy nor a solicitation to make an offer to buy securities in the United States of America or in a jurisdiction in which such offer or solicitation would not be permissible, nor to a person in respect of whom such offer or solicitation would not be permissible. The securities have not been registered in accordance with the provisions of the securities laws of the USA and cannot be offered or sold in the USA.
This press release is not for publication or distribution in the United States of America.]]> GP Press Release Wed, 20 Apr 2011 07:30:00 +0200 Rieter shareholders approve all Board proposals at the Annual General Meeting and agree to a split of the Rieter Group http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/rieter-shareholders-approve-all-board-proposals-at-the-annual-general-meeting-and-agree-to-a-split-o/?tx_ttnews%5BbackPid%5D=70&cHash=c0603e6d6a Shareholders at today’s 120th Annual General Meeting of Rieter Holding Ltd approved all proposals... th Annual General Meeting of Rieter Holding Ltd was attended by 813 shareholders representing 51% of share capital. They approved all Board proposals, the Annual Report with the annual accounts and consolidated financial statements for 2010, formal discharge of the Board of Directors and Group management team members for the business year 2010, and change of company purpose required in connection with the Group split. Consultative approval of the Compensation Report was confirmed by some 90% of those present. Shareholders furthermore voted Erwin Stoller to the Rieter Board of Directors for another 3-year term of office. Board Chairman Erwin Stoller opened the meeting by pointing out its historical importance: shareholders were asked to approve a split of the Rieter Group by separating the textile machinery and automotive supply businesses into independent listed companies. 99% of shareholders present approved this proposal, which included payment of a special dividend to Rieter Holding Ltd shareholders in the form of registered shares in Autoneum Holding Ltd. After approval, Erwin Stoller told shareholders: “You have just set one of the most important milestones in Rieter’s history. Now our automotive supply business will be listed on the stock exchange under the name of Autoneum Holding Ltd, most likely as of May 13, 2011, and make its own way forward. I am convinced that both our automotive supply and textile machinery businesses are well positioned for a successful independent future”. Rieter Holding Ltd, an independent company listed on the SIX Swiss Exchange, will continue the existing business of Rieter’s Textile Systems division, focusing thereby on its traditional business of spinning machinery and technology components. Contact persons for further information:
Rieter Holding AG
 Rieter Management AG
Investor Relations
 Media Relations
Urs Leinhäuser
Chief Financial Officer
T +41 52 208 79 55
F +41 52 208 70 60
investor@rieter.com
www.rieter.com
 Peter Grädel
Head Corporate Communications
T +41 52 208 70 12
F +41 52 208 72 73
media@rieter.com
www.rieter.com
   Press release (English/PDF/35KB)  ]]> GP Press Release Wed, 13 Apr 2011 20:00:00 +0200 Rieter sells its shareholding in the Indian joint venture Rieter-LMW Machinery Limited http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/rieter-sells-its-shareholding-in-the-indian-joint-venture-rieter-lmw-machinery-limited/?tx_ttnews%5BbackPid%5D=70&cHash=730a4b2bad Rieter signed the contract for selling all its shares in its Indian joint venture company... Rieter Management AG
Investor Relations
Urs Leinhäuser
Chief Financial Officer
T +41 52 208 79 55
F +41 52 208 70 60
E-mail: investor@rieter.com
www.rieter.com
Rieter Management AG
Media Relations
Peter Grädel
Head Corporate Communications
T +41 52 208 70 12
F +41 52 208 72 73
E-mail: media@rieter.com
www.rieter.com
  Press release (English/PDF/22.3KB)]]> GP Press Release Fri, 01 Apr 2011 17:30:00 +0200 Rieter to position its two industrial activities as separate listed companies with independent ownership and management http://www.rieter.com/cn/rieter/media/press-releases/news-detail/article/rieter-to-position-its-two-industrial-activities-as-separate-listed-companies-with-independent-owner/?tx_ttnews%5BbackPid%5D=70&cHash=0b75e820af Board proposes to split the Rieter Group and separate the Rieter Textile Systems and Rieter...
  • At the 2011 Annual General Meeting on April 13, 2011 the Board of Directors of Rieter Holding AG proposes the separation of Rieter’s Textile Systems and Automotive Systems division into two distinct listed companies with independent ownership and management.
  • Subject to the approval by the Annual General Meeting on 13 April, 2011, Rieter Holding will change its corporate purpose and distribute the shares of the entity holding the business of its Automotive Systems division to its shareholders in the form of a special dividend. The name of the new company will be Autoneum Holding AG.
  • The new company Autoneum will be listed on the SIX Swiss Exchange as of mid-May 2011. Hans-Peter Schwald is expected to be nominated as Chairman of the Board, Martin Hirzel as CEO, Urs Leinhäuser as CFO and Deputy CEO.
  • The current Rieter Textile Systems Division will continue to trade as an independent company under the name of Rieter (symbol RIEN).
  • The proposed transaction is not expected to result in job losses.
  • The two Board Members and largest shareholders of Rieter Holding, Peter Spuhler and Michael Pieper, support the transaction. In connection with the separation, these two shareholders have agreed to grant to Autoneum a subordinated loan of 12.5 million CHF each and not sell their Autoneum shares for a certain agreed time period (lock-up). They have also agreed to serve on the Board of Directors of Autoneum at least until the 2014 Annual General Meeting.
    • The Board of Directors of Rieter Holding AG plans to separate its two industrial activities, the textile machinery and automotive component supply businesses.. The intent is to fully separate the two divisions, both legally and financially, to enable them to operate with greater strategic flexibility and position themselves more clearly in their respective markets. The Board of Directors will propose to the Annual General Meeting on April 13, 2011, to separate the automotive component supply business from Rieter Holding AG and list it as an independent entity on the SIX Swiss Exchange. Rieter acquired its automotive component supply business in the mid-1980s, thereby creating a counterweight to its established but cyclical business in the textile machinery sector. Rieter’s Automotive Systems division developed steadily for many years against the backdrop of the previously prevailing constant growth rates in the automotive component supply business. Innovations and numerous acquisitions also contributed to its growth. Rieter’s Textile Systems division has also developed satisfactorily and nowadays successfully counteracts the demand cycles typical of its sector with flexible structures. Rieter has coped successfully with the market-related slump in 2008 and 2009 by systematically implementing restructuring and cost-cutting programs, and achieved the turnaround in the past financial year. Following the successful, joint development under one roof for decades, both divisions are now globally structured, individually sustainable and ready to be positioned as strong and focused standalone entities on the capital markets. The proposed separation is also a consequence of Rieter’s long-running development goal to establish the financial independence of both businesses. Already today both divisions are operated as separate businesses with their own management teams and organizations. ”The proposed separation and making the divisions formally independent,” comments Rieter’s Executive Chairman Erwin Stoller, “is a logical next step that we are now taking.” The divisions would therefore be better equipped to face the structural changes in the textile and automotive industries as well as the increasing complexity and globalization of both businesses, which will continue in future. The proposed separation is not expected to result in any job losses.

    Well placed to be launched as independent companies

    Rieter’s Board of Directors expects considerable benefits for both activities if they operate as independent, listed companies in the future. One important result will be the higher strategic and operational flexibility of each entity. This will enable both companies to capitalize on further development potential and growth opportunities, e.g. through partnerships or cooperations. The proposed separation offers interesting prospects to Rieter’s shareholders. By separating the group into two pure-play listed entities, shareholders will benefit from increased transparency and visibility. Rieter’s textile machinery and automotive component supply businesses are currently well placed in industrial and financial terms to operate successfully as independent companies in their markets and expand their activities.

    Two attractive, publicly listed companies

    Rieter and Autoneum provide investors with an investment choice for two attractive, clearly focused, publicly listed companies. Rieter Holding Ltd. provides more detailed information on the planned separation in its invitation to the Annual General Meeting published today and a separate Shareholder Information Brochure sent out to the shareholders with the invitation. The relevant documents can also be accessed online at www.rieter.com.

    Autoneum: One of the Global Technology Leaders in Acoustic and Thermal Management Solutions for Motor Vehicles

    Autoneum provides innovative and cost effective solutions for noise reduction and heat management to increase vehicle comfort and value. Autoneum has a broad portfolio of products, which it has categorized into six product lines: interior floor, underbody, engine bay, body treatment, interior trim and trunk. Autoneum supplies its products to major automotive original equipment manufacturers around the world and is structured into four regional segments: Business Group Europe, Business Group North America (United States, Canada and Mexico), Business Group Asia, and Business Group SAMEA (South America, Middle East and Africa). All its business groups produce a wide range of products with regional differences. Autoneum serves the mature markets of Europe and North America, as well as the South American market, while participating in the growth of emerging markets, in particular Asia (excluding Japan). The continued growth of Autoneum's business and manufacturing footprint outside of Autoneum’s traditional main markets of North America and Europe is reflected in its increasing product sales in Asia.

    Corporate Governance

    Upon listing, the Board of Directors of Autoneum is expected to consist of Hans-Peter Schwald (Chairman), Rainer Schmückle (Vice Chairman and Chairman of the Audit Committee), Michael Pieper, This E. Schneider (Chairman of the Nomination and Compensation Committee), Peter Spuhler, and Ferdinand Stutz. Peter Spuhler and Michael Pieper have agreed to remain on the Board of Directors until Autoneum’s 2014 Annual General Meeting. Upon listing, the Group Executive Board of Autoneum is expected to consist of Martin Hirzel (CEO),  Urs Leinhäuser (CFO and Deputy CEO), the four Business Group Heads: Charles Fäh, Business Group Europe, Richard Derr, Business Group North America, Uwe Trautmann, Business Group Asia, and Martin Hirzel, Business Group SAMEA.

    Dividend policy

    Upon listing, Autoneum’s dividend and other distribution policy in future periods will depend on a number of factors, including its results of operation, its financial conditions, its capital and cash requirements, general business conditions, legal and contractual restrictions regarding the payments of distributions by Autoneum and other factors. Subject to the foregoing, Autoneums’s target pay-out ratio is up to 30%. Upon listing, Autoneum is expected to have approximately CHF 30,000,000 in reserves from capital contributions (Reserven aus Kapitaleinlagen), which, subject to certain restrictions and subject to Autoneum’s dividend policy, can be distributed to Autoneum’s shareholders without deducting any Swiss withholding tax.

    Rieter: A Leading Supplier of Short-Staple Spinning Machinery and Components with the Broadest Global Product Offering

    Rieter Holding’s existing Textile Systems Division, which will, if the separation is successfully completed, form the operating business of Rieter, is a leading supplier of short-staple spinning machinery and components with the broadest global product offering. Rieter is the world’s only supplier offering both solutions for spinning preparation as well as all four final spinning processes established in the marketplace. Rieter has systematically expanded its traditional machine business with technology components and service offerings for short-staple spinning mills and is now one of the world’s largest suppliers in the components segment. Rieter supplies spinning mills as well as various machinery manufacturers with technology components. This business is less exposed than the machinery business to the market cycles specific to the industry.

    Corporate Governance

    Following the 2011 AGM, the Board of Directors is expected to consist of Erwin Stoller (Executive Chairman), This E. Schneider (Vice-Chairman and Lead Director and Chairman of the Nomination and Compensation Committee), Dieter Spälti, Jakob Baer (Chairman of the Audit Committee), Michael Pieper, Hans-Peter Schwald, and Peter Spuhler.
    After completion of the separation, the Group Executive Team is expected to consist of Erwin Stoller (Executive Chairman), Peter Gnägi (Head of Business Group Spun Yarns Systems), Werner Strasser (Head of Business Group Premium Textile Components), Joris Gröflin (CFO), and Thomas Anwander (General Counsel).

    Dividend policy

    Rieter Holding’s target pay-out ratio is approximately 30%. Such future dividend will depend on a number of financial and legal factors. Upon completion of the separation, Rieter Holding is expected to have approximately CHF 130,000,000 in reserves from capital contributions (Reserven aus Kapitaleinlagen), which, subject to certain restrictions and subject to Rieter Holding’s dividend policy, can be distributed to Rieter Holding’s shareholders without deducting any Swiss withholding tax.

    How the separation works

    At the 2011 Annual General Meeting the shareholders of Rieter Holding are asked to decide on the proposed separation:
    • Subject to the approval of the separation by the 2011 AGM, each Rieter Holding shareholder will receive one registered Autoneum Share for each Rieter Holding Share held at the Cut-off Date in the form of a special dividend. Holders of Rieter Holding Shares will not pay any consideration for such Autoneum Shares.
    • Upon completion of the separation, the Autoneum Shares are expected to be listed and traded on the SIX in accordance with the Main Standard. The Rieter Holding Shares will remain listed on the SIX.
    • The Board of Directors of Rieter Holding unanimously recommends that Rieter Holding's shareholders approve the proposed separation.
    The two largest shareholders of Rieter Holding, Peter Spuhler and Michael Pieper, support the proposed transaction and have confirmed to vote all their Rieter Holding shares in favor of the separation at the 2011 AGM.

    Indicative Timetable Of Key Events

    All dates listed below represent Rieter Holding's current expectations of the timing of key events in connection with the separation and are subject to change.
    Event
    		 Date
    Rieter Holding's share register closed
    		March 31-April 13, 2011
    Annual General Meeting of Rieter Holding
    		 April 13, 2011
    Publication of listing prospectus for Autoneum Shares
    		 May 2, 2011
    Cut-off Date for entitlement to receive Autoneum Shares
    		 May 12, 2011
    Date of listing of Autoneum Shares on the SIX
    		May 13, 2011
    First Trading Day for Autoneum Shares on the SIX
    		 May 13, 2011
    First day Rieter Holding Shares trade ex-dividend right
    		 May 13, 2011

    2010 Annual Results Media Conference

    Today, March 22, 09.00 h

    2010 Annual Results Financial Analysts’ Conference

    Today, March 22, 14.00 h
    Location: Maschinenfabrik Rieter, Training Center, Klosterstrasse 20, 8406 Winterthur

    Important dates 2011

    Annual General Meeting 2011: April 13, 2011
    Semi-annual report 2011:July 27, 2011
    Further information on the separation, the invitation to the AGM of April 13, 2011, the Shareholder information Brochure, and the results of the 2010 financial year, see also at www.rieter.com. For additional information, please contact:

    Rieter Holding AG

    Investor Relations
    Urs Leinhäuser
    Chief Financial Officer
    T +41 52 208 79 55
    F +41 52 208 70 60
    E-mail: investor@rieter.com

    Rieter Management AG

    Media Relations
    Peter Grädel
    Head Corporate Communications
    T +41 52 208 70 12
    F +41 52 208 72 73
    E-mail: media@rieter.comwww.rieter.com

    Disclaimer

    THIS PRESS RELEASE DOES NOT CONSTITUTE, OR FORM A PART OF, AN INVITATION OR AN OFFER TO PURCHASE, SELL, TRADE OR SUBSCRIBE FOR SHARES IN RIETER HOLDING AG OR AUTONEUM HOLDING AG OR FOR ANY SECURITIES, AND NEITHER THIS PRESS RELEASE (INCLUDING ANY PORTION HEREOF) NOR ANY DISTRIBUTION OF THIS PRESS RELEASE (INCLUDING ANY PORTION HEREOF) SHALL FORM THE BASIS OF, OR BE RELIED IN CONNECTION WITH, ANY CONTRACT OR INVESTMENT DECISION IN RELATION TO ANY SECURITIES.
    THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS CONCERNING RIETER HOLDING AG AND ITS BUSINESSES AND THE INDUSTRIES IN WHICH IT OPERATES THAT EXPRESS INTENTIONS AND EXPECTATIONS RELATING TO FUTURE FINANCIAL, OPERATIONAL AND OTHER DEVELOPMENTS AND RESULTS. SUCH FORWARD-LOOKING STATEMENTS ARE BASED ON THE CURRENTLY HELD BELIEFS AND ASSUMPTIONS OF THE MANAGEMENT OF RIETER HOLDING AG THAT ARE EXPRESSED IN GOOD FAITH AND THAT MANAGEMENT BELIEVES TO BE REASONABLE. FORWARD-LOOKING STATEMENTS INVOLVE KNOWN AND UNKNOWN RISKS, UNCERTAINTIES AND OTHER FACTORS THAT COULD CAUSE THE ACTUAL RESULTS, FINANCIAL CONDITION, PERFORMANCE, OR ACHIEVEMENTS OF RIETER HOLDING AG, ITS BUSINESSES OR THE INDUSTRIES IN WHICH IT OPERATES TO DIFFER MATERIALLY FROM THE RESULTS, FINANCIAL CONDITION, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. FOR EXAMPLE, EVEN IF SHAREHOLDERS OF RIETER HOLDING AG APPROVE THE PROPOSED SEPARATION DESCRIBED HEREIN, THE SEPARATION MAY NOT BE COMPLETED, IN FULL OR IN PART, OR MAY BE DELAYED, FOR EXAMPLE IF RESOLUTIONS ARE CHALLENGED OR IF NECESSARY CONSENTS ARE NOT GRANTED. GIVEN THESE RISKS, UNCERTAINTIES AND OTHER FACTORS, RECIPIENTS OF THIS PRESS RELEASE ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS. EACH SUCH FORWARD-LOOKING STATEMENT SPEAKS ONLY AS OF THE DATE OF THE PARTICULAR STATEMENT, AND RIETER HOLDING AG UNDERTAKES NO OBLIGATION TO PUBLICLY UPDATE OR REVISE ANY SUCH STATEMENT, EXCEPT AS REQUIRED BY LAW. Rieter Holding is being advised by Credit Suisse AG and UBS AG.    Press Release (English/PDF/85 KB)]]>     GP Press Release Tue, 22 Mar 2011 07:00:00 +0100