#Spinning

2025-01-29

Rieter reports a strong increase in order intake for the 2024 financial year, with a sharp decline in sales

At CHF 725.5 million, order intake was significantly higher than in the same period of the previous year (2023: CHF 541.8 million), representing an increase of 34%. This was the fourth consecutive quarter of year-on-year growth. As expected, the Rieter Group ended financial year 2024 with lower sales than in the previous year. According to preliminary, unaudited figures, total sales amounted to CHF 859.1 million, which is around 39% down on the previous year (2023: CHF 1 418.6 million).

For the full year 2024, Rieter expects an EBIT margin in the upper half of the guidance range of 2% to 4% communicated in October 2024 (2023: 7.2%).

Order intake

Order intake in 2024 was 34% higher than in the previous year at CHF 725.5 million (2023: CHF 541.8 million). Rieter thus succeeded in strengthening its competitive position in a challenging market environment. Compared with the previous year, there were signs of an initial market recovery.

Sales by division

The Machines & Systems Division posted sales of CHF 424.9 million, a decrease of 56% compared with the previous year (2023: CHF 965.0 million). In the Components Division, sales declined to CHF 247.6 million, down 7% from the same period of the previous year (2023: CHF 266.2 million). The After Sales Division reported sales of CHF 186.6 million, comparable to the previous year (2023: CHF 187.4 million).

Order backlog

At the end of 2024, the company had an order backlog of about CHF 530 million (December 31, 2023: CHF 650 million).

EBIT margin

Rieter successfully implemented the measures of the “Next Level” performance program. Despite significantly lower sales, a solid EBIT margin is expected in the upper half of the 2% to 4% guidance range, as communicated in October 2024.

Results Press Conference 2025

Rieter will provide further details on the financial year on March 13, 2025. The Group will also publish its Annual Report 2024 and hold an annual results press conference.

Annual General Meeting of April 24, 2025

The next Annual General Meeting of Rieter Holding Ltd. will take place on Wednesday, April 24, 2025. Proposals regarding the agenda must be submitted in writing to Rieter Holding Ltd., Office of the Company Secretary, Klosterstrasse 20, CH-8406 Winterthur (Switzerland) by no later than February 28, 2025, accompanied by information concerning the relevant motions and evidence of the necessary shareholdings (with a par value of CHF 0.5 million as stipulated by §9 of the Articles of Association).

Rieter reports stable order backlog and strategic progress – outlook for 2025 adjusted

In its Investor Update 2025, Rieter announced an order intake of CHF 203.9 million in the third quarter and CHF 559.3 million after nine months, reflecting a continued cautious investment climate in the textile machinery sector. Sales totaled CHF 121.5 million in the third quarter and CHF 457.7 million for the first nine months of the year, while the order backlog stood at around CHF 590 million as of September 30, 2025.

Rieter will highlight the fully automated spinning mill at ITMA Asia 2025

Precision, speed and cost efficiency are all indispensable, especially in challenging times. Rieter has put together a powerful portfolio for ITMA ASIA + CITME 2025 that gives spinning mills the chance to actively shape the future through intelligent automation. By applying smart machine networking, process optimization and increased production efficiency, the portfolio facilitates the comprehensive transformation of spinning mills while reinforcing their competitiveness. This, in turn, enables customers to further consolidate their leading market positions. At the same time, the portfolio is a key milestone on the way to achieving Rieter’s vision 2027 – the fully automated spinning mill.

FET prepares for final exhibition of 2025

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T-CAN – Revolutionizing can transport

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textile.4U publishes special edition “Top 100 Textile Recycling Companies 2025”

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Marzoli unveals its new textile ecosystem at ITMA ASIA + CITME 2025 at Singapore

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38th International Cotton Conference Bremen launches registration and unveils key topics

Participants can now register online for the 38th International Cotton Conference Bremen, which will be held on 25-27 March 2026 at the Haus der Bürgerschaft parliament building on market square. All visitors can look forward to a high-calibre conference programme, numerous additional meetings and a valuable exchange of knowledge and information. The comprehensive range of topics covering the entire value chain will provide practical expertise, address current developments, answer key industry questions, and provide new impetus for the future.

Innovation and customer proximity – KARL MAYER’s clear focus makes an impression

ITMA ASIA in Singapore was a resounding success for KARL MAYER, exceeding all expectations. The company welcomed visitors from 39 countries and held around 570 expert discussions. Most guests came from India, followed by China, Indonesia and Pakistan. The exchange with them was both well-founded and targeted. Conversation topics ranged from investment projects and new technologies to opportunities for cooperation and business expansion.