Rieter Holding : No breaking news in the conference call but confirmation of the trends
>Market recovery confirmed – 2024 guidance: caution on the top line but more confidence in profitability - Rieter reported its H1 2024 results on Friday morning (link to First Take). Key takeaways from the conference call:Order intake posted growth (+24%) thanks to the uptick in demand for new machines while demand for worn and spare parts remains anaemic. The backlog came in at CHF 640m, with a book-to-bill ratio of 0.6-0.9x. Revenues fell sharply (-44%) d...Rieter is a holding company, engaged in providing equipment to spinning mills processing short-staple fibers. Co. develops and manufactures machinery, systems and components used to convert natural and manmade fibers and their blends into yarns. Co. consists of two reportable segments, spun yarn systems, and premium textile components. Co.'s spun yarn systems develops and manufactures machinery and systems for processing natural and man-made fibers and their blends into yarns. Co.'s premium textile components supplies technology components to spinning mills and also to machinery manufacturers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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