#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.

Efficiency reimagined: economical, precise, compact

At this year's PaintExpo in Karlsruhe (April 14–17), Barmag will present an optimized design of its paint metering pump (Hall 3, Booth 3344). It impresses with its low weight, increased productivity, and extended service life. Specially developed for compact robot arms, the pump enables high-precision and economical paint application – ideal for industries such as automotive, aerospace, and renewable energies.

Barmag's new texturing machine impresses the market

Since its premiere at ITMA Asia + CITME 2025, the eFK EvoSmart texturing machine has achieved impressive market success. The innovative technology is winning over yarn manufacturers worldwide who are committed to energy-efficient and economical production processes. A total of 84 machines has already been sold – including in China, Turkey, and Indonesia – a clear sign of the industry's confidence in this forward-looking solution.

Orthopac RVMC-20 plus: German Engineering for Smarter Weft Straightening

In times of rising cost pressure and growing quality demands, textile producers worldwide are searching for solutions that combine precision, efficiency, and sustainability. With its latest innovation, the Orthopac RVMC-20 plus, Mahlo once again demonstrates the strength of German engineering: improving proven technology to meet today’s challenges.

RUDOLF gets the exclusive global distribution rights for Sanitized® textile technologies

With effect from today, RUDOLF officially assumes exclusive global distribution rights for Sanitized® textile technologies from SANITIZED AG. This is the next milestone in the strategic collaboration announced in 2025, with the partnership between the two companies now fully implemented and expanded worldwide.

ICAC to support European Commission on pending PEF legislation

The International Cotton Advisory Committee (ICAC) is proud to announce that it has been included as a member of the European Commission’s Technical Advisory Board (TAB) on the Product Environmental Footprint methodology. The Commission developed the Product Environmental Footprint (PEF) to assess and communicate the life cycle environmental performance of products and organizations.