#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 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.

Rieter Annual General Meeting 2026: Shareholders approve all board proposals

At the Annual General Meeting of Rieter Holding Ltd. held on April 16, 2026, 342 shareholders representing 64.0% of the share capital approved all motions proposed by the Board of Directors. The shareholders adopted the Annual Report as well as the Financial Statements and Consolidated Financial Statements for 2025. They also granted discharge to the members of the Board of Directors and the Group Executive Committee for their activities in the reporting year. In an advisory vote, the 2025 Report on Non-Financial Matters was also approved.

Rieter advances strategic repositioning amid market volatility

Rieter successfully completed the acquisition of Barmag on February 2, 2026, and reached an important milestone in the company’s repositioning. Barmag will be integrated into the Rieter Group as the “Man-Made Fiber” Division. With this strategically transformative acquisition, Rieter is expanding its core business beyond the short-staple fiber business in a targeted way. This positions Rieter as the global market leader along the entire value chain for natural and man-made fibers. In addition, as a complete systems supplier, Rieter is further strengthening its technological leadership in the areas of automation and digitization.

Rieter responds to higher raw material prices

Global political and economic developments have been leading to rising raw material and energy costs for some time. The textile machinery industry is also affected by this trend. Rieter machines and components consist to a large extent of steel, copper, aluminum and electronics. These materials in particular have seen higher demand and higher prices in recent months.

Experience Trützschler’s leading fiber processing technologies at ITM 2026

From June 9 to 13, the Trützschler Group will present its latest machinery, service expertise and digital solutions at ITM 2026 in Istanbul, Türkiye. Visitors are invited to explore innovations across Spinning, Card Clothing, and Nonwovens at Hall 7, Booth 714A at the Tüyap Fair Convention and Congress Center. They can experience modern fiber processing with Trützschler!

Driving sustainable growth in Türkiye through advanced technology and strong partnerships

Heberlein is globally recognised as a leading provider of air interlacing and air texturing jets for synthetic filament yarns. In Türkiye, the brand has built a strong market presence thanks to its close cooperation with its experienced representative Bozok Mümessillik Makina Kimya San. ve Tic. A.Ş. in Istanbul. Together, they support Turkish filament yarn producers with advanced technology, local expertise, and trusted services.

Saurer at ITM 2026: Answering markets needs for flexibility

The textile industry is facing unprecedented challenges: geopolitical tensions, natural disasters and pandemics and are changing market conditions overnight. Today, flexibility is no longer an option, but a survival strategy. At the ITM 2026 in Istanbul, Saurer will be demonstrating how modern machine technology delivers flexibility – from bale to yarn – in hall 7 at booth 709 A.

Barmag and Neumag showcase innovations across all manmade fiber processes

For the first time, Barmag is presenting itself alongside its new parent company, Rieter: At this year’s ITM in Istanbul, both companies will be represented from June 9 to 13 at the Tüyap Fair Convention and Congress Center in Hall 7, Booth 702B. As a technology leader in the field of chemical fiber equipment, Barmag will showcase its entire portfolio of systems for filament yarn, staple fiber, and nonwoven production, as well as solutions for the networked factory.

Walter Reiners Foundation Prize awarded to three ITA graduates

Sabina Dann, Lukas Balon and Annegret Storm from the Institut für Textiltechnik (ITA) of RWTH Aachen University were awarded the Walter Reiners Foundation Prize by the German Engineering Federation (VDMA) for their master’s and bachelor’s theses. Peter Dornier, Chairman of the Walter Reiners Foundation, presented the awards during Techtextil at the VDMA stand in Frankfurt am Main, Germany.