#Spinning

2026-07-17

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.

In June 2026, Rieter entered into a strategic partnership with Recycling Powerhouse. The global textile industry is undergoing a fundamental transformation. Increasing amounts of textile waste and the steadily growing demand for sustainable products are increasing the need for scalable circular solutions. The aim of the partnership is to industrialize, standardize and scale the recycling of textiles. As part of this collaboration, Rieter is contributing its extensive know-how in the tearing of textile waste and spinning of short fibers and is creating the basis for innovative and sustainable recycling solutions in the textile industry.

The first signs of a market recovery are emerging in the India region and the Components & Technology Division. The demand for consumables, wear & tear and spare parts has increased by 3%. This early indicator suggests a positive development in the capacity utilization of spinning mills and indicates that further investments may result from this.

Order intake

In the first half of 2026, Rieter recorded an order intake of CHF 554.1 million (first half of 2025: CHF 355.4 million). This represents a pleasing increase of around 56% compared to the previous year. The increase is mainly attributable to the first-time consolidation of Barmag as the Man-Made Fiber Division, which contributed to the growth with an order intake of CHF 261.3 million.

Sales

As already announced in March 2026, the first half of 2026 was challenging in terms of sales volume, but largely in line with expectations. Sales amounted to CHF 576.7 million, which was 72% higher than the prior-year period (first half of 2025: CHF 336.2 million) due to the first-time consolidation of Barmag.

Order backlog

As at June 30, 2026, the company had an order backlog of around CHF 760 million (first half of 2025: CHF 510 million).

Operating EBIT, net profit, free cash flow

Rieter achieved an operating EBIT (before restructuring costs, transaction costs and purchase price allocation effects) of CHF -6.3 million. Due to the existing capacity and the fixed cost structure, operating EBIT in the first half of 2026 was below the operating profit breakeven point. Rieter expects a higher sales level in the second half of 2026.

Rieter closed the first half of 2026 with a net loss of CHF 54.9 million (first half of 2025: CHF -20.0 million). The loss is attributable to the low sales level as well as higher interest costs and purchase price allocation effects.

Free cashflow amounted to CHF -96.3 million in the first half of 2026 (first half of 2025: CHF -36.7 million). This was the result of the net loss and the increase in net working capital for orders to be delivered in the second half of 2026.

Outlook for the full year 2026 confirmed

In 2026, a year of transition, Rieter expects sales in the range of CHF 1.3 to CHF 1.5 billion.

The outlook for 2026 reflects the integration of Barmag and the restructuring measures announced in 2025, which are yet to be fully implemented. As a result, a positive operating EBIT margin in the range of 0 to 3% is expected.

1) The comparative period (January – June 2025) has been adjusted retrospectively as a result of the reclassification of Alternative Performance Measures.

2) The comparative period has been adjusted retrospectively as a result of the change in presentation regarding interest on defined benefit plan assets and liabilities.

3) Rieter has completed the acquisition of Barmag (Man-Made Fiber Division) as of February 2, 2026.

"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.

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.

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.

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.

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.

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.

C&S strengthens its governance to support its evolution

C&S announces the appointment of Marco Lucietti to its Board of Directors. With extensive international experience across the textile and denim industries, Lucietti will work alongside CEO Federico Corneli, contributing to the company’s managerial development, organizational structure and long-term strategic direction.