• Sales of CHF 1 418.6 million in the financial year 2023
• Order intake of CHF 541.8 million in the financial year 2023; order backlog of around CHF 650 million as of December 31, 2023
• EBIT margin of around 7% expected for the full year 2023 at the upper end of the guidance
• Market remains challenging

Sales by business group

The Business Group Machines & Systems recorded sales of CHF 965.0 million, a decrease of 7% compared to the previous year (2022: CHF 1 034.7 million). In the Business Group Components, sales fell to CHF 266.2 million, down 12% from the previous year (2022: CHF 303.5 million). The Business Group After Sales recorded sales of CHF 187.4 million, 9% higher than the previous year (2022: CHF 172.7 million).

Order intake

In line with expectations, the order intake of CHF 541.8 million in 2023 was considerably below the previous year (2022: CHF 1 157.3 million). As already reported, the market situation is characterized by investment restraint due to geopolitical uncertainties, higher financing costs and consumer reticence in important markets. While Rieter recorded higher demand in the second half of 2023, project commitments have not yet been able to materialize.

Order backlog

At the end of 2023, the company had an order backlog of around CHF 650 million (December 31, 2022: CHF 1 540 million).

EBIT margin

Thanks to the measures taken under the “Next Level” performance program, Rieter improved profitability in the second half of 2023 and expects a positive EBIT margin of around 7% for the full year 2023 (2022: 2.1%). This puts it at the upper end of the guidance of between 5-7% defined in October 2023 and it is mainly attributable to a better operating performance.