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Rieter CAMPUS – Foundation Stone Laid (c) Rieter
Rieter Campus Winterthur
09.09.2021

Rieter CAMPUS – Foundation Stone Laid

  • Rieter CAMPUS strengthens innovation strategy and technology leadership position
  • Customer and technology center and administration building ready for occupancy in 2024
  • Commitment to the Winterthur site and to Switzerland as a business location

On September 8, 2021, the foundation stone was laid for the Rieter CAMPUS on the western part of the Rieter site at the Winterthur location, which includes a customer and technology center as well as an administration building. The Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and to the enhancement of the company’s technology leadership position. At the same time, the investment of around CHF 80 million is a commitment to the Winterthur site and to Switzerland as a business location. 

  • Rieter CAMPUS strengthens innovation strategy and technology leadership position
  • Customer and technology center and administration building ready for occupancy in 2024
  • Commitment to the Winterthur site and to Switzerland as a business location

On September 8, 2021, the foundation stone was laid for the Rieter CAMPUS on the western part of the Rieter site at the Winterthur location, which includes a customer and technology center as well as an administration building. The Rieter CAMPUS will make an important contribution to the implementation of the innovation strategy and to the enhancement of the company’s technology leadership position. At the same time, the investment of around CHF 80 million is a commitment to the Winterthur site and to Switzerland as a business location. 

With a floor area of over 30 000 m2, the Rieter CAMPUS offers space for around   700 ultra-modern workplaces. For this purpose, Rieter and a specialist in office architecture have developed a contemporary space concept for the “Open Space Office” that is tailored to the needs of the company, divided into meeting rooms, focus rooms and some individual offices. The underground car park provides   88 parking spaces, and a further 12 outdoor parking spaces are being created   in front of the technology center.  “In the course of its 225-year company history, Rieter has helped shape the city of Winterthur. The foundation for the future as a leading technology company is now being created with the new CAMPUS. In this way, Rieter is giving a clear indication   of its commitment to the Winterthur site and to Switzerland as a business location”, commented Bernhard Jucker, Chairman of the Board of Directors of Rieter Holding AG.

Innovation is an important part of Rieter’s strategy and crucial for the company’s success. For this reason, Rieter invests more than CHF 50 million annually in research and development. Thanks to this commitment, Rieter is making a   decisive contribution to the further development of systems for sustainable yarn production and their digitization. The Rieter CAMPUS will provide an attractive working environment that promotes creativity and innovation.  The new CAMPUS is a showcase project in terms of economic feasibility, energy efficiency and sustainability. Rieter relies on renewable energy for construction. This includes heat generation via geothermal probes and a photovoltaic system on around 1 300 m2 of roof area. “In this way, the entrepreneurial focus on sustainable and energy-efficient solutions for yarn production is reflected in the overall concept of the CAMPUS,” emphasized Rieter CEO Norbert Klapper.  The move into the new building is planned for 2024.

Source:

Rieter Management AG

15.07.2021

Rieter: First half of 2021

  • Order intake of CHF 975.3 million (first half of 2020: CHF 250.7 million).
  • Sales of CHF 400.5 million (first half of 2020: CHF 254.9 million).
  • EBIT of CHF 9.0 million and net profit of CHF 5.3 million

The first half of 2021 has been characterized by a strong market recovery in combination with a regional shift in demand for new machinery and systems. Rieter anticipates a normalization of the demand for new systems in the coming months. The company assumes that spinning mills will continue to work at high-capacity levels.

For the full year, Rieter expects sales to be above CHF 900 million.

The realization of sales from the order backlog continues to be associated with risks in light of bottlenecks in material deliveries and freight capacities as well as the ongoing pandemic in key markets for Rieter.

In recent years, Rieter has implemented its strategy based on the cornerstones of innovation leadership, strengthening the components, spare parts and services businesses, and adjusting cost structures.

  • Order intake of CHF 975.3 million (first half of 2020: CHF 250.7 million).
  • Sales of CHF 400.5 million (first half of 2020: CHF 254.9 million).
  • EBIT of CHF 9.0 million and net profit of CHF 5.3 million

The first half of 2021 has been characterized by a strong market recovery in combination with a regional shift in demand for new machinery and systems. Rieter anticipates a normalization of the demand for new systems in the coming months. The company assumes that spinning mills will continue to work at high-capacity levels.

For the full year, Rieter expects sales to be above CHF 900 million.

The realization of sales from the order backlog continues to be associated with risks in light of bottlenecks in material deliveries and freight capacities as well as the ongoing pandemic in key markets for Rieter.

In recent years, Rieter has implemented its strategy based on the cornerstones of innovation leadership, strengthening the components, spare parts and services businesses, and adjusting cost structures.

Crisis management in the pandemic year of 2020 was aimed at protecting employees, fulfilling customer commitments, ensuring liquidity, and also strengthening the market position for the time after the pandemic as well as retaining the ability to benefit from the incipient market recovery.

The focus for 2021 remains on the implementation of this strategy. The measures for crisis management relating to the protection of employees and fulfilling customer commitments are still in effect in countries that continue to be affected by the pandemic.

The Rieter Board of Directors has approved the implementation of the CAMPUS project. The Rieter CAMPUS comprises a customer and technology center as well as an administration building at the Winterthur location. It will make an important contribution to the implementation of the innovation strategy and to the enhancement of Rieter’s technology leadership position.

Source:

Rieter

09.03.2021

Rieter Financial Year 2020

Financial Year 2020

As a consequence of the COVID-19 pandemic, Rieter closed the 2020 financial year with sales of CHF 573.0 million, which corresponds to a decrease of 25% compared to the previous year (2019: CHF 760.0 million). Due to the low sales volume, a loss of CHF 84.4 million was recorded at the EBIT level while at the net profit level the loss was CHF 89.8 million. In view of the loss in the 2020 financial year, the Board of Directors proposes that shareholders waive the payment of a dividend for 2020.

Order intake of CHF 640.2 million in the 2020 financial year was 31% down on the previous year (2019: CHF 926.1 million). Following the significant slump in demand in the second quarter of 2020 (CHF 45.7 million), order intake recovered in the third quarter (CHF 174.4 million) and improved further in the fourth quarter (CHF 215.1 million).

At the end of 2020, the company had an order backlog of about CHF 560 million (December 31, 2019: about CHF 500 million).

Financial Year 2020

As a consequence of the COVID-19 pandemic, Rieter closed the 2020 financial year with sales of CHF 573.0 million, which corresponds to a decrease of 25% compared to the previous year (2019: CHF 760.0 million). Due to the low sales volume, a loss of CHF 84.4 million was recorded at the EBIT level while at the net profit level the loss was CHF 89.8 million. In view of the loss in the 2020 financial year, the Board of Directors proposes that shareholders waive the payment of a dividend for 2020.

Order intake of CHF 640.2 million in the 2020 financial year was 31% down on the previous year (2019: CHF 926.1 million). Following the significant slump in demand in the second quarter of 2020 (CHF 45.7 million), order intake recovered in the third quarter (CHF 174.4 million) and improved further in the fourth quarter (CHF 215.1 million).

At the end of 2020, the company had an order backlog of about CHF 560 million (December 31, 2019: about CHF 500 million).

Business Groups
Sales of the Business Group Machines & Systems amounted to CHF 295.8 million in 2020, which corresponds to a decrease of 24% compared to the previous year. Due to the low volume and taking into account the expenditure on the ongoing innovation program, the business group recorded a loss of CHF 72.4 million at the EBIT level. Order intake in the reporting year was CHF 363.9 million (-35% compared to the previous year).

The Business Group Components with sales of CHF 174.3 million (-24% compared to the previous year) achieved a profit of CHF 1.4 million at the EBIT level before restructuring charges. EBIT after restructuring charges was CHF -5.5 million. The order intake with CHF 169.1 million (-24% compared to the previous year) was just below sales.

The Business Group After Sales achieved sales of CHF 102.9 million (-27% compared to the previous year) and a positive EBIT of CHF 1.8 million. Order intake was CHF 107.2 million (-24% compared to the previous year). Over 60% of spinning mills were shut down in the second quarter of 2020, with a corresponding impact on the demand for spare parts.

Dividend
Due to the loss of CHF 89.8 million at the net profit level in the 2020 financial year, the Board of Directors proposes that shareholders waive the distribution of a dividend.

Outlook
Rieter expects the market recovery that began in the second half of 2020 to continue in 2021. The company expects an order intake in the first half of 2021 exceeding that of the previous half year (second half of 2020: CHF 389.5 million). Thanks to the improved capacity utilization, Rieter is planning short-time working in only a few areas in the first half of 2021. Nonetheless, as already announced, Rieter still anticipates that sales in the first half of 2021 will be below the break-even point. In connection with the high order backlog at the beginning of 2021, Rieter expects an operating profit for the full year 2021.

Source:

Rieter Management AG