Rieter is the world’s leading supplier of systems for manufacturing yarn from staple fibers in spinning mills. Based in Winterthur (Switzerland), the company develops and manufactures machinery, systems and components used to convert natural and man-made fibers and their blends into yarns in the most cost-efficient manner. Cutting-edge spinning technology from Rieter contributes to sustainability in the textile value chain by minimizing the use of resources. Rieter has been in business for more than 225 years, has 18 production locations in ten countries and employs a global workforce of around 5 100, about 16% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN.
Rieter Makes the Difference
In a judgment in December 2023, the Supreme People’s Court of the People’s Republic of China ruled in favor of Rieter in a legal dispute. The case concerned the infringement of a Rieter patent by a competitor’s draw frame. Rieter protects its innovations with patents and registered designs and consistently takes action against infringements of its intellectual property.
Sales of CHF 1 418.6 million in the financial year 2023 / Order intake of CHF 541.8 million in the financial year 2023; order backlog of around CHF 650 million as of December 31, 2023 / EBIT margin of around 7% expected for the full year 2023 at the upper end of the guidance / Market remains challenging
Bernhard Jucker will not stand for re-election as Chairman of the Board of Directors at the Annual General Meeting on April 17, 2024 due to reaching the age limit / Thomas Oetterli will be proposed as the new Chairman of the Board of Directors at the 2024 Annual General Meeting and will continue in his role as CEO of the Rieter Group / Roger Baillod will be named as Lead Independent Director / Jennifer Maag will be proposed for election as a new member of the Board of Directors
Rieter is announcing the opening of its first Repair Services station in Tashkent, Uzbekistan, on December 1, 2023.
Sales of CHF 334.7 million in the third quarter, CHF 1 092.9 million after nine months / Order intake of CHF 127.2 million in the third quarter, CHF 452.2 million after nine months / Order backlog of around CHF 900 million as of September 30, 2023 / “Next Level” performance program on track / Sale process for Rieter site in Winterthur successfully completed / Outlook for the full year 2023 confirmed
News and Success Stories
Results Press Conference 2024
Date: Wednesday, March 13, 2024
Time: 09:00 a.m. (CET)
Place: Rieter Holding Ltd., Klosterstrasse 32, 8406 Winterthur, Switzerland
Rieter as a global company offers a broad variety of attractive positions around the world. The expected know-how and commitment as well as flexibility and loyalty is compensated by performance based remuneration, challenging assignments in an international, multicultural working environment with attractive in-house opportunities for future development.
For each open position, we look for employees with appropriate skills and experience as well as relevant potential. You can find out about the vacancies in our Internet, social media channel and job platform. Have you seen an offer that fits your skills and interests? Then take the decisive step: Send us your application.