Rieter brings financial year 2023 to a successful end

Rieter, the textiles machinery manufacturer based in Winterthur, can look back with a degree of satisfaction on its financial results in 2023 despite suffering a slight dip in sales. The company generated total sales of 1.42 billion Swiss francs, which corresponds to a sales decline of -6 percent year on year, further details of which can be found in a press release. Over the course of 2023, Rieter recorded an order intake amounting to 541.8 million Swiss francs, with an order backlog of 650 million Swiss francs as at December 31, 2023. In total, the company reported an EBIT margin of 7.2 percent and a profit of 101.7 million Swiss francs, again at the level of EBIT. Net profit amounted to 74 million Swiss francs, according to the data from Rieter.

It was above all in the “Machines & Systems” and “Components” business groups that Rieter recorded declines. In contrast, significant growth of 9 percent was registered in the After Sales business group, where total sales of 187.4 million Swiss francs were generated.

In terms of the full-year 2024, Rieter anticipates sales in the region of approximately 1 billion Swiss francs and a positive EBIT margin of up to 4 percent. From the summer of this year, Rieter will be moving into new headquarters in Winterthur. ce/ww