According to a press release issued by Rieter, the international textiles machinery manufacturer generated sales totaling 969.2 million Swiss francs in financial year 2021. In comparison with the previous year, this equates to growth of +69 percent. Sales increased across all business groups and regions, with the exception of Africa.
The most significant growth among the business groups was posted by the largest segment, Machines & Systems, where sales doubled versus the prior year to 590.3 million Swiss francs. The highest regional growth was recorded in India. Here, sales rose by +148 percent to 126.0 million Swiss francs in comparison with the previous year. The takeover of two Saurer component businesses, which were consolidated at the end of 2021, contributed a total of 3.3 million Swiss francs to total sales.
In financial year 2021, Rieter recorded an exceptionally high order intake of 2.23 billion Swiss francs, the press release explains further. In the prior year, the equivalent value was 640.2 million Swiss francs. The company attributes this positive development to catch-up effects from the two prior years as well as regional shifts in demand. As at year-end 2021, the order backlog at Rieter totaled approximately 1.84 billion Swiss francs.
The company intends to present the full Annual Report 2021 on March 9, 2022. In this, Rieter expects to communicate an EBIT margin of between 4.5 percent and 5.0 percent for the full year 2021.