Rieter Holding Ltd. announced a strong order intake of CHF 2,225.7 million for 2021, bolstered by strategic acquisitions and robust global demand for textile machinery.

Information on the Target

Rieter Holding Ltd. is a prominent player in the textile machinery industry, known for its innovative solutions in spinning systems. In the financial year 2021, Rieter demonstrated exceptional performance with an order intake totaling CHF 2,225.7 million, showcasing a significant increase compared to CHF 640.2 million in 2020. The fourth quarter alone contributed CHF 551.8 million, driven by robust global demand for new installations, components, and services.

In addition to its impressive order intake, Rieter ended 2021 with an order backlog of approximately CHF 1,840 million. The company's successful integration of new acquisitions, including Accotex and Temco, which provide essential components for spinning machines, further solidifies its position in the industry. The ongoing demand trend is expected to positively impact Rieter’s revenue streams moving forward.

Industry Overview in Switzerland

Switzerland is renowned for its highly developed machinery and manufacturing sector, particularly in technology-driven industries like textiles. The textile machinery market in Switzerland has experienced fluctuations in recent years, l