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 manmade 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 5 150, about 20% 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.
Weak market environment leads to decline in order intake of 17% / Sales increase by 11% to CHF 1 075 million / Order backlog on December 31, 2018, of CHF 325 million / EBIT margin of around 4% and net profit of around 3% of sales expected / Net liquidity increases to CHF 150 million / Kurt Ledermann new Chief Financial Officer of Rieter Group
Sale of real estate to GERCHGROUP AG / Completion of the transaction in the third quarter of 2019 / Extraordinary profit contribution of around 60 million euros expected in 2019
The Rieter Group has completed the acquisition of a 25 percent stake in Electro-Jet S.L. on December 14, 2018 upon approval by the Spanish antitrust authority.
The Board of Directors of Rieter Holding AG has appointed Rico Randegger to the Group Management of the Rieter Group with effect from June 1, 2019. He will be responsible for the Business Group After Sales.
Deadline for Proposals Regarding the Agenda of the Annual General Meeting 2019
Results Press Conference 2019
Date: Wednesday, March 13, 2019
Time: 10:00 a.m. (CET)
Place: Rieter Holding Ltd., Klosterstrasse 32, 8406 Winterthur (Switzerland)
Room: Gartensaal (ground floor)
Annual General Meeting 2019
The 128th Annual General Meeting of Rieter Holding Ltd. takes place on:
Date: Thursday, April 4, 2019
Time: 4:00 p.m. (doors open at 3:00 p.m.)
Place: Eulachhallen, Wartstrasse 73, 8400 Winterthur (Switzerland)
Semi-Annual Report 2019
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 platforms. 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