WINTERTHUR, Switzerland — January 29, 2025 — At 725.5 million Swiss francs ($800 million), order intake was significantly higher than in the same period of the previous year (2023: 541.8 million Swiss francs ($598 million)), representing an increase of 34 percent. This was the fourth consecutive quarter of year-on-year growth. As expected, the Rieter Group ended financial year 2024 with lower sales than in the previous year.
According to preliminary, unaudited figures, total sales amounted to 859.1 million Swiss francs ($948 million), which is around 39 percent down on the previous year (2023: 1,418.6 million Swiss francs ($1,565 million)). For the full year 2024, Rieter expects an EBIT margin in the upper half of the guidance range of 2 percent to 4 percent communicated in October 2024 (2023: 7.2 percent).
Order intake
Order intake in 2024 was 34 percent higher than in the previous year at 725.5 million Swiss francs (2023: 541.8 million Swiss francs). Rieter thus succeeded in strengthening its competitive position in a challenging market environment. Compared with the previous year, there were signs of an initial market recovery.
Sales by division
The Machines & Systems Division posted sales of 424.9 million Swiss francs ($469 million), a decrease of 56% compared with the previous year (2023: 965.0 million Swiss francs ($1,065 million)). In the Components Division, sales declined to 247.6 million Swiss francs ($273 million), down 7 percent from the same period of the previous year (2023: 266.2 million Swiss francs ($294 million)). The After Sales Division reported sales of 186.6 million Swiss francs ($206 million), comparable to the previous year (2023: 187.4 million Swiss francs ($207 million)).
Order backlog
At the end of 2024, the company had an order backlog of about 530 million Swiss francs ($585 million) (December 31, 2023: 650 million Swiss francs ($717 million)).
EBIT margin
Rieter successfully implemented the measures of the “Next Level” performance program. Despite significantly lower sales, a solid EBIT margin is expected in the upper half of the 2 percent to 4 percent guidance range, as communicated in October 2024.
Posted: January 29, 2025
Source: Rieter Ltd.
