Rieter is the world’s leading supplier of systems for short-staple fiber spinning. 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. Rieter is the only supplier worldwide to cover spinning preparation processes as well as all four end spinning processes currently established on the market. Furthermore, Rieter is a leader in the field of precision winding machines. With 16 manufacturing locations in ten countries, the company employs a global workforce of some 4 420, about 21% of whom are based in Switzerland. Rieter is listed on the SIX Swiss Exchange under ticker symbol RIEN.
Rieter is the world’s leading supplier of systems for short-staple fiber spinning.
Order intake increased to CHF 215.1 million in the fourth quarter of 2020 and reached a total of CHF 640.2 million in the 2020 financial year / As expected, sales of CHF 573.0 million in the 2020 financial year were significantly down on the previous year / EBIT margin of around -15% and net profit of around -16% of sales expected / First half of 2021 still heavily impacted by the COVID-19 pandemic / Change to the Group Executive Committee
License agreement concluded for promising technology / Integration into the digital spinning suite ESSENTIAL / Implementation of digital strategy further advanced
Significant recovery in order intake in third quarter 2020 / Order intake of CHF 425.1 million after nine months / COVID crisis management in place / Continuous implementation of the strategy / Outlook 2020
Rieter has today placed a bond of CHF 75 million with a term of four years and a coupon of 1.55%. This serves to partially refinance the existing bond of CHF 100 million, which is due on September 29, 2020. The bond was issued by Commerzbank. The bond will be listed on the SIX Swiss Exchange.
News and Success Stories
Results Press Conference Call 2021
Date: Tuesday, March 9, 2021
Time: 09:00 a.m. (CET)
– Europe: +41 58 310 50 00
– China: +86 400 120 23 19
– India: +91 446 688 60 46
– United Kingdom: +44 207 107 06 13
– United States: +1 631 570 56 13
Media Release: Will be published at 06:30 a.m. (CET)
Annual General Meeting 2021
Semi-Annual Report 2021
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.
Rieter's website is supposed to give customer access to the world of Rieter's systems, machines, components, parts and services in the most easy and convenient way.Norbert Klapper, Chief Executive Officer