Company Profile For Rieter Holding AG

Rieter Holding AG is a supplier within the textile and automotive industries. It divides its activities into two divisions: Rieter Textile Systems and Rieter Automotive Systems. Rieter Textile Systems develops and produces machinery and systems for manufacturing yarns and nonwovens; its core business is machinery and components for converting natural and man-made fibers and their blends into yarns. Rieter Automotive Systems develops and manufactures components, modules and total systems for acoustic comfort and thermal management in motor vehicles. As at December 31, 2008, it had a presence in 21 countries with approximately 70 manufacturing facilities, and operated worldwide through its subsidiaries as well as affiliated companies, such as Rieter Automotive Argentina S.A. in Argentina, Rieter Automotive Belgium NV in Belgium, Rieter Automotive Mastico Ltd in Canada, Rieter Asia (Hong Kong) Ltd in China and Rieter Automotive North America Inc in the United States, among others.

BRIEF: For the six months ended 30 June 2009, Rieter Holding AG's total revenue decreased 49% to SF890M. Net loss for the period totaled SF145.9M, vs. a profit of SF34.1M. Total revenue reflects a decrease in demand for the Company's products and services in the Textile Systems and Automotive Systems business segments as well as all geographic segments. Net loss for the period reflect a decrease in financial result.