Rieter Makes the Difference

Norbert Klapper, who has led Rieter as CEO for nine years, has informed the Board of Directors that he wishes to take on new professional challenges. The Board of Directors of Rieter Holding Ltd. has taken note of Norbert Klapper’s resignation, expressing its gratitude for his service to Rieter. The Board of Directors has appointed Thomas Oetterli as his successor as CEO of Rieter.

Sales of CHF 890.3 million in second half-year 2022 / EBIT margin of around 2% expected for full year 2022 / Order intake of CHF 1 157.3 million in 2022; order backlog of around CHF 1 540 million as of December 31, 2022 / Preparations for ITMA 2023 on schedule / Implementation of action plan to increase sales and profitability ongoing / Rieter site sales process on schedule

Rieter is donating CHF 100 000 to support relief efforts for victims in Pakistan following the devastating floods of the 2022 monsoon season. Aid will focus on rebuilding schools and helping local healthcare clinics to protect those who are most vulnerable.

Autoconer X6 – key machine for highest efficiency / Compacting solutions – full flexibility adds competitive edge / Spin it again – recycling expertise for rotor and ring yarns / ESSENTIALorder – purchasing parts with a few clicks / ROBOspin – the solution for personnel shortages / SSM NEO-FD – proven technology for efficient twisting production / Temco CoolFlow disc – innovation that delivers longer lifetime

Sales of CHF 366.8 million in the third quarter, CHF 987.4 million after nine months / Order intake of CHF 226.4 million in the third quarter, CHF 1 095.8 million after nine months / Order backlog of around CHF 2 000 million as of September 30, 2022 / Precautionary measures taken against potential energy crisis in Europe / Financing of a Professorship for Artificial Intelligence / Rieter site sales process on schedule / Outlook 2022

The Rieter Group is constantly expanding its technology leadership. Together with the Johann Jacob Rieter Foundation, the company is therefore supporting a new Endowed Professorship for Industrial Artificial Intelligence (AI) at the ZHAW School of Engineering. The Professorship is dedicated to teaching and research in the field of industrial applications of Artificial Intelligence and will be announced later this year.