Annual General Meeting

Rieter is working to increase the proportion of women in the company and on the Board of Directors.

Despite the extremely difficult situation, Rieter made further progress in implementing its corporate strategy in the 2020 financial year: Technology and innovation leadership, solutions for the installed base and the continuous improvement of the cost position.

Demand picked up significantly in the fourth quarter of 2020, so that Rieter enters the 2021 financial year with optimism.

Due to the COVID-19 situation, all Board members voluntarily waived 20% of their remuneration for 2020 and all members of the Executive Committee waived 10% of their fixed remuneration for three months in 2020.

Through short-time working compensation, reduced vacation and time credits and salary waivers, Rieter saved around CHF 12 million in costs in 2020.

(See Annual Report 2020 page 7 and page 38.)

Rieter regularly reviews the market shares of the three business groups. According to the figures available, the global market share was around 30% in 2020.

The company’s dividend policy provides for a payout ratio of at least 40% of net profit.

Rieter sees no basis for legal actions.