[pageLogInLogOut]

#Spinning

With a significant increase in sales, Rieter expects a positive EBIT margin in 2022

In a very challenging economic environment, Rieter succeeded in significantly increasing sales and expects a positive EBIT margin for the 2022 financial year.

Sales of CHF 1 510.9 Million in Financial Year 2022

• 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


For Rieter, in addition to the geopolitical uncertainties, the 2022 financial year was characterized by three main challenges:

Due to the rapid rise in inflation, the exceptionally high order backlog of around CHF 1 840 million at the beginning of 2022 was processed at significantly higher costs. It was only possible to offset these higher costs in part by means of price increases and other remedial measures.

In order to safeguard deliveries, it was necessary to compensate for serious material bottlenecks, particularly in electronic components, which resulted in considerable additional development expenditure.

Major expenses were also incurred in connection with the acquired businesses (Accotex, Temco and Winder).

Sales

The realization of sales from the exceptionally high order backlog developed better than expected. With sales of CHF 1 510.9 million, Rieter achieved an increase of 56% compared with the previous year (2021: CHF 969.2 million). In the second half of 2022, especially in the fourth quarter, the measures introduced to address material bottlenecks had a positive impact. Consequently, sales increased to CHF 890.3 million compared with the first six months (first half-year 2022: CHF 620.6 million).



EBIT margin

The trend in the EBIT margin was strongly influenced by substantial cost increases, which could only be offset in part through price increases and other remedial measures. In addition, to compensate for material shortages, expenses were incurred in connection with the development of alternative solutions and the acquired businesses.

Rieter succeeded in improving profitability compared with the first half of 2022 due to the higher sales volume and offsetting measures to compensate for increased costs, and expects a positive EBIT margin of around 2% for the full year 2022 (2021: 4.9%).

Order intake

In line with expectations, the order intake of CHF 1 157.3 million in 2022 was below the record year of 2021 (CHF 2 225.7 million). The market situation is characterized by investment restraint due to geopolitical uncertainties, higher financing costs and consumer reticence in important markets.

Order backlog

The company had an order backlog of around CHF 1 540 million at the end of 2022, which thus extends well into 2023 and 2024. In 2022, Rieter recorded order cancellations of less than 10% of the order backlog of CHF 1 840 million at the beginning of the year.

Preparations for ITMA 2023 on schedule

Rieter has continued to boost its innovative capability and, in order to further extend its technology leadership, will present new innovative solutions at ITMA 2023 in Milan.

Action plan to increase sales and profitability

Implementation of the action plan to increase sales and profitability is ongoing. With regard to the profitability of the order backlog, which remains high, the implemented price increases in combination with a favorable trend in costs, particularly in logistics, are having an impact. In addition, progress was made in eliminating material bottlenecks and reducing expenses for the three acquired businesses.

Rieter site sales process

The sales process for the remaining land at the Rieter site in Winterthur (Switzerland) is proceeding according to plan. In total, around 75 000 m2 of land will be sold.

The Rieter CAMPUS is not part of this transaction.

Results press conference 2023

Rieter will provide further details on the 2022 financial year and an outlook for the 2023 financial year on March 9, 2023. In addition, the full 2022 Annual Report will be published, and a press conference will be held.

Annual General Meeting of April 20, 2023

The next Annual General Meeting of Rieter Holding AG will take place on Thursday, April 20, 2023. Proposals regarding the agenda must be submitted in writing, accompanied by information concerning the relevant motions and evidence of the necessary shareholdings (with a par value of CHF 0.5 million as stipulated by Article 9 of the Articles of Association), by no later than February 17, 2023, to Rieter Holding Ltd., Office of the Company Secretary, Klosterstrasse 32,

CH-8406 Winterthur, Switzerland.

Telephone Conference for Media and Investors

The media and investor conference call will be held today, January 25, 2023, at 9:00 am (CET).

Dial-in details

Europe +41 58 310 50 00

UK +44 207 107 06 13

USA +1 631 570 56 13

China +86 400 120 23 19

India +91 446 688 60 46

Webcast

https://media.choruscall.eu/mediaframe/webcast.html?webcastid=jI6aFTwS

Presentation Material

The media- and investor presentation as well as the media release can be found at: www.rieter.com/media/media-kit/


Forthcoming Dates

• Deadline for proposals regarding the agenda of the Annual General Meeting February 17, 2023

• Results press conference 2023 March 9, 2023

• Annual General Meeting 2023 April 20, 2023

• Semi-Annual Report 2023 July 20, 2023

• Investor Update 2023 October 20, 2023


More News from Rieter Textile Systems

#Recycling / Circular Economy

Rieter and partners launch Recycling Powerhouse for industrial-scale textile recycling

Recycling Powerhouse Ltd. was established in July 2026 to industrialize, standardize and scale textile recycling. Based in Switzerland, the venture will operate a franchise-driven business model that enables the production of high-quality, certified recycled yarns. The project is supported by the following partners: Rieter Group, the world’s leading system supplier for natural and man-made fibers, Säntis Textiles, a Swiss textile engineering company, and Valvan, a Belgian sorting technology company. The first blueprint franchise operation is scheduled to launch early 2027 in partnership with Suhail Industrial Holding Group in Qatar.

#Spinning

Rieter sees Barmag integration on track as orders and sales rise

The first half of 2026 was shaped by the successful completion of the largest acquisition in Rieter’s history. The Man-Made Fiber Division enables entry into the growth segment of man-made fibers and sustainably strengthens Rieter’s market position in the Asia region. The expanded Group is now the world’s leading system supplier for the processing of natural and man-made fibers. In the first half of the year, initial cost savings in material costs and operating expenses have already been realized. The targeted synergies are expected to amount to at least CHF 20 million by the end of the 2028 financial year. Due to the completion of the acquisition on February 2, 2026, the first half of the year for the Man-Made Fiber Division only amounts to five months.

#Spinning

"We will become a recycling powerhouse"

The textile industry is now in its fourth consecutive year of crisis, while automation, artificial intelligence and recycling are reshaping the rules of the game. In this interview, Rieter CEO Thomas Oetterli discusses the first signs of a market recovery, reflects on his first three years at the helm of the company, explains the integration of Barmag, outlines Rieter’s vision of the fully automated spinning mill and highlights the strategic importance of recycling. In doing so, he explains why the new Rieter Group aims to play a leading role in transforming the textile value chain into a circular economy.

#ITM 2026

Rieter at ITM 2026: Spinning Redefined with Automation and Intelligence

Spinning mills need solutions that deliver stability, efficiency and future-proof performance. Rieter has put together a powerful portfolio for ITM 2026 in Istanbul, Türkiye. These innovations give customers the tools to enhance cost efficiency, improve responsiveness and actively develop their competitive edge. Step-by-step, Rieter is moving closer to its Vision 2027 – the fully automated spinning mill. With each new technology, Rieter enables spinning mills worldwide to operate with greater precision and reliability, ensuring they remain at the forefront of an increasingly demanding global market.

More News on Spinning

#Spinning

Barmag Fuzhou Customer Day concludes successfully, boosting high-quality chemical fiber growth in Fujian & Guangdong

Barmag hosted its Customer Day themed “A New Era. Powered by Innovation.” in Fuzhou on June 28, welcoming nearly one hundred invited customers from Fujian and Guangdong provinces. Georg Stausberg, CEO of Barmag Group, attended along-side the sales and R&D expert China team to jointly present integrated solutions covering the entire man-made fiber value chain.

#Spinning

STEELTOP®: A new benchmark in flat tops for spinning preparation

Modern carding generations achieve higher production performance, placing significantly greater stress on flat tops. Higher cylinder speeds and increased fiber density, combined with tighter carding gaps, create more demanding operating conditions. At the same time, poorer raw material quality and the increased use of recycled materials further intensify these challenges. With STEELTOP®, Trützschler introduces a new full steel flat top series developed for these demanding modern carding processes.

#Spinning

Ibrahim Fibres and Trützschler: A strong partnership enters its next phase with the TC 30Si

For more than two decades, Ibrahim Fibres and Trützschler have grown side by side, driven by a shared ambition to continuously improve spinning performance, strengthen technology leadership and set new benchmarks in the textile industry. Today, Ibrahim Fibres is a leading yarn and polyester staple fiber manufacturer in Pakistan. The company operates the largest number of Trützschler cards in the country, with more than 200 machines running across its mills in Faisalabad, and plays an important role in one of Asia’s largest textile industries.

#Spinning

Object Carpet tests production of rPET BCF yarn on Neumag BCF line

In a joint project with Object Carpet GmbH, Denkendorf; the Institute for Textile Technology (ITA), Augsburg; and Next Generation Recyclingmaschinen GmbH (NGR), Feldkirchen, Austria, Barmag investigated the processing of recycled polyester for BCF yarn. The goal was to evaluate the fundamental suitability of 100% recycled carpet material for reuse in carpet yarn production to create a closed-loop system in carpet manufacturing. To date, commercial rPET BCF processes have been based solely on rPET from bottle pellets.

Latest News

#Dyeing, Drying, Finishing

EFI Reggiani and Danitech Group announce strategic multi-year agreement for Mezzera textile finishing machinery

Electronics For Imaging, Inc. (EFI), through its subsidiary EFI Reggiani (Reggiani Macchine S.p.A.), together with Danitech Engineering and Solutions Srl (Italy) and Suzhou Danitech Intelligent Technology Co. Ltd (China), announces a multi-year license and manufacturing agreement covering the Mezzera and Jaeggli textile finishing machinery portfolio.

#Natural Fibers

The Woolmark Company showcases Australia's commitment to India's textile industry at Bharat Tex 2026

Reinforcing more than five decades of commitment to India's wool textile and apparel industry, The Woolmark Company, alongside Austrade and the Australian High Commission, marked a strong presence at Bharat Tex 2026, one of the world's largest textile and apparel trade platforms. Through industry engagement, strategic collaborations, technical innovation and knowledge exchange, the participation underscored Australia's continued commitment to supporting the growth and transformation of India's textile ecosystem while highlighting the versatility and value of Australian Merino wool.

#Dyeing, Drying, Finishing

Dyeing, finishing and singeing expertise now closer than ever to Brazilian customers

Benninger AG from Switzerland and Grupo NS from Brazil announce joined forces to support textile customers across Brazil with a strong portfolio of textile wet processing technologies, practical application know-how, and reliable local service. The cooperation combines Benninger's long-standing engineering expertise in textile finishing and dyeing with Grupo NS's deep understanding of the Brazilian textile market, customer needs, and service requirements.

#Heimtextil 2027

Global carpet industry smartly connected: Heimtextil 2027 sharpens Carpets & Rugs with new structure and premium segment

Even more efficient, more targeted and closer to the market: Heimtextil 2027 strengthens its position as the leading meeting place for the global carpet industry and further expands Carpets & Rugs in line with market needs. With a stronger focus on distribution channels, the segment integrates into Heimtextil’s product worlds.

TOP