March 14, 2017 / 6:10 AM / in 4 months

BRIEF-Rieter Holding sees stable sales and profitability for 2017

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March 14 (Reuters) - Rieter Holding AG:

* In spite of the 9 percent decline in sales, Rieter achieved an EBIT margin of 6.0 percent (56.5 million Swiss francs ($56.11 million)) and a net profit of 4.5 percent of sales (42.7 million francs) in FY

* Free cash flow at 76.3 million francs – increase of dividend proposed to 5.00 francs

* Board of directors of Rieter Holding Ltd. proposes to the annual general meeting on April 5, 2017, to elect Bernhard Jucker as chairman of the board of directors

* Despite low visibility in the sales markets, Rieter expects sales and profitability for 2017 to be at the level of the previous year (before restructuring costs) Source text - bit.ly/2n3NT8w Further company coverage: ($1 = 1.0070 Swiss francs) (Gdynia Newsroom)

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