Rieter Holding AG achieved record order intake and sales growth in 2021, marking a significant strategic acquisition from Saurer Group to enhance its market position in the textile machinery sector.

Information on the Target

Rieter Holding AG, a leading global supplier of systems for manufacturing yarns from staple fibers, achieved remarkable performance in the 2021 financial year. The company reported a record order intake of CHF 2,225.7 million, reflecting a significant recovery following the adverse effects of the COVID-19 pandemic. Despite challenges stemming from supply chain bottlenecks, Rieter's sales surged to CHF 969.2 million, a 69% increase compared to the prior year, demonstrating the company's strong market position and operational resilience.

Rieter's successful strategy execution is further evidenced by its EBIT margin of 4.9% and a net profit margin of 3.3%. With an order backlog of approximately CHF 1,840 million at year-end, management indicates solid demand across various regions, notably Turkey, India, and Latin America. The acquisition of three businesses from the Saurer Group, aimed at enhancing Rieter’s product offerings, marks a pivotal step in achieving its strategic goals.

Industry Overview

The textile machinery industry in Switzerland, which Rieter operates within, has been evolving significantly over the past few years. With advancements in technology and growing demand for sustainability, manufacturers are increasing