Rieter may consider breaking its business into separate entities, as the global recession continues to take its toll.
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The company is an industrial group based in Winterthur, Switzerland, and operating as a leading supplier to the textile and automotive industries.
The newspaper HandelsZeitung quoted the company’s chief executive Hartmut Reuter as saying: “I can envisage that this path will be examined anew due to the changed environment.
He went on: “What we decide – one, two or three pillars – will be communicated when we have ended discussions. Our board is busy at all times considering such questions – there can be no talk of taboos.”
For its full year in 2008, the company reported an overall sales decline of 20% to CHF1,336m (US$1237.8m).
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By GlobalDataThe company reported a full year net loss of CHF396.7m, compared to a net income of CHF211.5m in 2007.
“2008 and 2009 are the most difficult years faced by Rieter in recent history,” Reuters said at the time.
