UPDATE 1-Reiter sees 5 pct rise in 2007 sales

Newswire

(Adds sales forecast by CFO) ZURICH, March 27 (Reuters) - Swiss textile machinery and car-parts maker Rieter expects a slowdown in the pace of sales growth to 5 percent this year from 15 percent in 2006, Finance Director Urs Leinhaeuser said on Tuesday. He was speaking after the company posted a 14 percent rise in net profit to 157.4 million Swiss francs ($129 million) and proposed a 15-franc dividend. "Corrected for disinvestment, (sales) progression should be of the order of 5 ...

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