In the 1st half (H1) of 2019, the textile machinery manufacturer Rieter Holding AG, Win-terthur/Switzerland, saw an order intake of CHF 378.3 million, a decline of around 26% compared to H1/2018. Sales in H1/2019 amounted to CHF 416.1 million, representing a decline of 19% compared to the previous year. The significant decline in sales in the machinery business resulted in an overall EBIT of CHF -1.2 million in H1/2019 (H1/2018: CHF +14.1 million). The cost-cutting measures introduced had a positive effect on the result from the 2nd quarter (Q2) of 2019.
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