Rieter

A leading global supplier for textile machinery and components used in short-staple fiber spinning

A leading global supplier for textile machinery and components used in short-staple fiber spinning

The global provider of components for all spinning processes

Yarns that follow fashion

Rieter offers attractive positions around the world

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02/10/2004 - Rieter holds less than 5% of its own shares

Rieter Holding Ltd., Winterthur (Switzerland), currently holds less than 5% of Rieter registered shares - directly or indirectly – including the 65 000 shares already repurchased via the second trading line, which are intended for cancellation. Its holding fell below the threshold of 5% as of today, Tuesday, February 10, 2004.

Rieter is an internationally oriented technology group engaged in developing and producing sophisticated systems solutions for the automotive and textile industries. In the 2003 financial year Rieter generated sales of 3 115 million CHF with 13 316 employees worldwide. The Textile Systems Division accounted for 1 228 million CHF and the Automotive Systems Division for 1 873 million CHF of this total.

 
Contact for the media:


Peter Grädel
Corporate Communications
T +41 (0)52 208 70 12
F +41 (0)52 208 72 73
 media@rieter.com

 
 
Contact for financial analysts:


Urs Leinhäuser
Chief Financial Officer
T +41 (0)52 208 79 55
F +41 (0)52 208 70 60
 investor@rieter.com