Rieter Group has reported a significant 34% increase in order intake for 2024, reaching CHF 725.5 million, compared to CHF 541.8 million in the previous year. This marks the fourth consecutive quarter of year-on-year growth, reinforcing the company’s competitive position in a challenging market environment.ieter
However, as expected, total sales for the financial year 2024 declined by 39% to CHF 859.1 million (2023: CHF 1,418.6 million), according to preliminary, unaudited figures. Rieter anticipates an EBIT margin in the upper half of its projected 2% to 4% range, previously communicated in October 2024, down from 7.2% in 2023.
Sales Performance by Division
- Machines & Systems Division: Sales dropped 56% to CHF 424.9 million (2023: CHF 965.0 million).
- Components Division: Sales declined 7% to CHF 247.6 million (2023: CHF 266.2 million).
After Sales Division:
Sales remained stable at CHF 186.6 million, compared to CHF 187.4 million in the previous year.
While the overall sales declined, the increase in order intake suggests early signs of market recovery. Rieter continues to navigate market challenges.
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