Rieter: High demand for machines in H1/2021

High demand for machines in H1/2021

(Source: Rieter)
(Source: Rieter)

In the 1st half of 2021 (H1/2021) Rieter posted an order intake of CHF 975.3 million (+289%) compared to the previous year same period orders amounting to only CHF 250.7 million. The textile machinery manufacturer Rieter Holding AG, Winterthur/Switzerland, recorded sales of CHF 400.5 million (H1/2020: CHF 254.9 million). Sales significantly increased compared to the previous year; however, as expected, they were still impacted by the low order intake of the financial year 2020. In terms of EBIT, Rieter posted a profit of CHF 9.0 million.

The recovery is broadly supported globally and is based on a catch-up effect relating to the years 2019 and 2020 and a regional shift in demand. Rieter is benefitting from its innovative product portfolio and the company’s global positioning. The highest order intake was recorded in Turkey.

In the Business Group (BG) Machines & Systems, order intake amounted to CHF 714.8 million (H1/2020: CHF 129.2 million). In BG Components, order intake rose to CHF 154.9 million (H1/2020: CHF 76.7 million), and in BG After Sales it increased to CHF 105.6 million (H1/2020: CHF 44.8 million).

The increased demand for components and spare parts from the well-utilized spinning mills is the reason for the positive development in the After Sales and Components business units.

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