Rieter: Order intake continued to recover in ...
Rieter

Order intake continued to recover in Q4/2020

Rieter

In the 4th quarter (Q4) of 2020 the textile machinery manufacturer Rieter Holding AG, Winterthur/Switzerland, saw an order intake of CHF 215.1 million (order intake Q2/2020: CHF 45.7 million, Q3/2020: CHF 174.4 million).

Overall, Rieter’s annual order intake for the 2020 financial year totaled CHF 640.2 million, a decrease of 31% compared to 2019. At the end of 2020, the company had an order backlog of about CHF 560 million (2019: approx. CHF 500 million).

The Business Group (BG) Machines & Systems was particularly hard hit by the effects of the pandemic, with a decline of 35% to CHF 363.9 million. The BGs Components and After Sales each recorded a 24% reduction in order intake.

The exceptional market situation in 2020 gave rise to a significant decline in sales in all 3 BGs to CHF 573.0 million (-25%). In the 2020 financial year, Rieter anticipates an EBIT margin of around -15% (2019: 11.2%).

With the exception of Turkey, all regions were affected by the low demand as a consequence of the corona pandemic. In Turkey, thanks to the innovative range of products and services, Rieter benefited from customers’ willingness to invest in the year under review, increasing sales by 83% to CHF 122.0 million.

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