Media Relations

Rieter has put together a powerful portfolio for ITMA ASIA + CITME 2025 that gives spinning mills the chance to actively shape the future through intelligent automation.

Order intake of CHF 403.4 million in the first half of 2024, up 24% on the previous year period / Sales of CHF 421.0 million 44% below first half of 2023 / Order backlog of around CHF 640 million at June 30, 2024 / EBIT of CHF 8.9 million and net result of CHF 1.7 million / Significant cost reductions as a result of the “Next Level” performance program / Outlook for the full year 2024 specified

Barmag is a global market leader for equipment to produce manmade fibers with sales in financial year 2024 of approximately CHF 734 million / Rieter strengthens and expands its technology position in the textile industry and positions itself in the growing market for manmade fibers / Transaction is highly complementary across Rieter’s technologies, solutions and end-markets and accretive to Rieter’s growth and performance

Shareholders Adopt All Motions Proposed by the Board of Directors: Distribution of a dividend of CHF 2.00 per share approved / Remuneration Report 2024 and future remuneration of Board of Directors and Group Executive Committee formally accepted / All members of the Board of Directors who stood for re-election were elected / Thomas Oetterli re-elected as Chairman of the Board of Directors

Rieter has stood for pioneering innovation in textile technology for 230 years. Founded in 1795, the company has grown from a trading company to a global technology leader.

Order intake of CHF 725.5 million / Sales of CHF 859.1 million / Order backlog of around CHF 530 million at December 31, 2024 / EBIT of CHF 28.0 million (EBIT margin of 3.3%)