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 15 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 Makes the Difference
Michael Pieper is not standing for re-election / Stefaan Haspeslagh will be proposed for election to the Board of Directors at the Annual General Meeting / The change is related to the transfer of the shareholding of Artemis Beteiligungen I AG to Picanol Group
Sharp decline in demand in the 2020 financial year due to the COVID-19 pandemic / Market recovery in the second half of 2020 / Order intake of CHF 640.2 million, sales of CHF 573.0 million, EBIT margin of -14.7% and net profit of -15.7% of sales in financial year 2020 / Successful crisis management and consistent strategy implementation / No dividend proposed for the 2020 financial year / Outlook – market recovery continues
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
News and Success Stories
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