Jan 29, 2020 / 08:00AM GMT
Operator
Ladies and gentlemen, welcome to the fourth quarter media and analyst conference call. I am Alice, the Chorus Call operator. (Operator Instructions) And the conference is being recorded. (Operator Instructions) The conference must not be recorded for publication or broadcast.
At this time, it's my pleasure to hand over to Dr. Norbert Klapper. Please go ahead, sir.
Norbert Klapper - Rieter Holding AG - CEO
Thank you very much, Alice. Good morning, everybody. Thank you very much for being with us this morning. I have Relindis Wieser here with me, our Head, Group Communications; and Kurt Ledermann, our CFO. And Kurt and myself will walk you through the presentation on Rieter's 2019 sales and orders.
I'm on Page 2 now of the presentation, the key messages. As expected, sales were quite low last year. We booked CHF 760 million. Despite that, our EBIT margin will be around 11%, and our net profit around 7%. This is due to the nonrecurring profit contribution from the sale of the piece of land in Ingolstadt. We reported -- we gave you a report on
Full Year 2019 Rieter Holding AG Corporate Sales Call Transcript
Mar 07, 2024
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