rieter holding ag-reg (RIEN) Snapshot

Rieter Holding AG reported consolidated and parent company earnings results for the full year ended December 31, 2012. For the year, on consolidated basis, sales were CHF 888.5 million against CHF 1 060.8 million a year ago. Operating result before strategic projects, interest and taxes was CHF 58.9 million against CHF 134.5 million a year ago. Operating result before interest and taxes (EBIT) was CHF 33.6 million against CHF 112.6 million a year ago. Net profit was CHF 26.5 million against CHF 119.0 million a year ago. For the year, on company basis, net profit was CHF 12.0 million or CHF 6.40 per share against CHF 28.7 million or CHF 25.86 per share a year ago. For the full year of 2013, sales are expected to reach at least a similar level as in 2012. As a result, operating profit (EBIT) is expected around 2012 levels before disposal gains. This includes strategic project costs from the investment program 2012/2013 of about CHF 20 million to 25 million. Operating profitability in the first semester 2013 is expected to be lower due to less attractive inherent margins in the current order backlog. The company expects a slightly positive net profit in 2013. The Board of Directors of the company will propose to the Annual General Meeting on April 18, 2013, that a dividend of CHF 2.50 per share be paid for the 2012 financial year out of the reserve from capital contributions.

Rieter Holding AG announced that they will report fiscal year 2012 results on Mar 21, 2013

Rieter Holding AG announced unaudited consolidated earnings results for the six months ended June 2012. For the period, the company’s net sales were CHF 461.2 million compared to CHF 505.8 million for the same period in 2011. Operating profit before interest and taxes (EBIT) was CHF 32.0 million compared to CHF 70.6 million for the same period in 2011. Profit before taxes was CHF 28.5 million compared to CHF 111.0 million for the same period in 2011. Profit attributable to shareholders of Rieter Holding Ltd. was CHF 23.9 million or CHF 2.17 per total share and diluted share compared to CHF 238.4 million or CHF 51.58 per total share and diluted share for the same period in 2011. Net cash used in operating activities was CHF 16.9 million compared to net cash provided by operating activities of CHF 33.4 million for the same period in 2011. Capital expenditures on tangible and intangible assets was CHF 20.3 million compared to CHF 12.2 million for the same period in 2011.