#Spinning

2024-10-24

Rieter's new machine business will decline dramatically in 2024

The market environment in the reporting period was characterized by restrained investment in new machinery in almost all regions except China. Demand for consumables, wear & tear and spare parts weakened slightly due to the low spinning mill capacity utilization. The noticeable downturn in consumer sentiment had a further dampening effect throughout the entire textile value chain.

Rieter Investor Update 2024

• Order intake of CHF 226.4 million in the third quarter, CHF 629.8 million after nine months

• Sales of CHF 163.3 million in the third quarter, CHF 584.3 million after nine months

• Order backlog of around CHF 690 million as of September 30, 2024

• Outlook for the full year 2024

Despite this challenging market environment, the Rieter Group recorded a gratifying order intake of CHF 629.8 million in the first nine months of 2024 (2023: CHF 452.2 million) in all market regions. In the third quarter of 2024, orders increased by 78% year-on-year to CHF 226.4 million (2023: CHF 127.2 million). This means that the order intake has increased for the third quarter in a row.

Sales

Rieter’s cumulative sales in the first nine months of 2024 amounted to CHF 584.3 million (2023: CHF 1 092.9 million), a decrease of 47% compared to the prior-year period. Sales in the third quarter of 2024 were CHF 163.3 million (Q3 2023: CHF 334.7 million).

The Business Group Machines & Systems generated total sales of CHF 264.1 million in the first nine months of 2024 (-65% compared to the same period of the previous year). The Business Group Components posted sales of CHF 184.5 million, 11% lower than in the corresponding period of the previous year, while the Business Group After Sales recorded a slight decline of -1% to CHF 135.7 million in the first nine months of 2024.

Order backlog

As of September 30, 2024, Rieter has an order backlog of around CHF 690 million (September 30, 2023: CHF 900 million).

“Next Level” performance program

The transfer of resources and responsibilities to India and China to enable the key markets to respond in a more agile way to customer needs and cycles in the machinery business is on track. The planned cost savings were achieved. Rieter continues to consistently implement the action plan to increase profitability.

Outlook for the full year 2024

Due to the overall geopolitical situation and the general deterioration in consumer sentiment, the market recovery is proving to be more restrained than previously forecast. The first signs of a recovery in financial year 2024 have emerged in the key markets of China and India.

For the full year 2024, Rieter now anticipates sales in the range of CHF 900 million and an EBIT margin remaining at 2% to 4%.

Rieter adjusts group structure in preparation for Barmag integration

The planned acquisition of the “Barmag” Division of OC Oerlikon will create the leading system provider worldwide for natural and man-made fibers. Rieter is confident it will receive all regulatory approvals to complete the acquisition in the fourth quarter of 2025. The Rieter Group is therefore adjusting its Group structure as of January 1, 2026, to take this acquisition into account and to be able to provide an even more agile response to market challenges.

Rieter reports stable order backlog and strategic progress – outlook for 2025 adjusted

In its Investor Update 2025, Rieter announced an order intake of CHF 203.9 million in the third quarter and CHF 559.3 million after nine months, reflecting a continued cautious investment climate in the textile machinery sector. Sales totaled CHF 121.5 million in the third quarter and CHF 457.7 million for the first nine months of the year, while the order backlog stood at around CHF 590 million as of September 30, 2025.

Details matter: How Trützschler cylinder wires boost efficiency in Pakistan’s spinning sector

Pakistan’s textile industry, especially its spinning sector, is the backbone of the national economy and a vibrant hub of innovation. Today’s spinning mills face growing demands for efficiency, quality, and sustainability. From the serene northern valleys to the vibrant port city of Karachi in the south, mills like Suraj Cotton Mills, Liberty, and Nishat Chunian are turning to advanced solutions.

Groz-Beckert showcases textile innovation at ShanghaiTex 2025

From December 16 to 19, 2025, the global textile industry will gather at ShanghaiTex at the Shanghai New International Expo Center (SNIEC), where Groz-Beckert will present its latest highlights and innovations across its five product areas – Knitting, Weaving, Nonwovens, Sewing, and Spinning – at Hall N3, Booth A05.

Vandewiele Group: Innovation across the textile value chain at ICFE Istanbul 2026

At the 2026 Istanbul Carpet & Flooring Expo (ICFE), Vandewiele Group presents its latest advancements spanning the entire textile value chain. From spinning and weaving to tufting, carpet manufacturing and digital finishing, the Group demonstrates how integrated innovation can boost performance, efficiency and sustainability across all stages of production. As a global technology leader, Vandewiele continues to develop solutions that strengthen processes, enhance product quality and enable smarter, greener manufacturing.

Teijin Carbon Europe receives EcoVadis Silver status – ranked among the top 15% of evaluated companies

Teijin Carbon Europe (TCE) has been recognized for its sustainability performance and has been awarded the EcoVadis Silver Medal in the latest assessment. In its first-ever EcoVadis evaluation, the company achieved a notable 72 out of 100 points, ranking among the top 15% of all companies evaluated worldwide, within the “Manufacture of Man-Made Fibres” category.

Young researchers recognised for cutting-edge work in recycling, fibre technology and textile mechanics

At the Aachen-Dresden-Denkendorf International Textile Conference held in Aachen at the end of November, Peter D. Dornier, Chairman of the Walter Reiners Foundation of the VDMA, honoured five successful young engineers. Promotion and sustainability prizes were awarded in the categories bachelor/project theses and diploma/master theses. Academic theses that develop solutions for resource-saving products and technologies, for example, are eligible for the sustainability awards.