Half Year 2023 Rieter Holding AG Earnings Call Transcript
Ladies and gentlemen, welcome to the semiannual report 2023 Conference Call and live webcast. I am Sandra, the Chorus Call operator. (Operator Instructions) At this time, it's my pleasure to hand over to Thomas Oetterli, CEO. Please go ahead, sir.
Good morning, ladies and gentlemen. A warm welcome from my side. First, our performance in a nutshell. The first half year was marked by a continuously low market sentiment with respective low order intake. However, our financial performance has substantially improved in the top line and also in the bottom line area. Second, the team has worked on the strategic front. And we have developed a performance program called Next Level. This program entails some very tough decisions. We believe that they are necessary to ensure the long-term success of our company. Next Level should allow Rieter to achieve an ambitious financial performance at any time in the cyclical market of textile industries. In order to get there, however, we will need to make some painful
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