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14.05.2021

Rieter updates Outlook for First Half Year 2021

  • Order intake of around CHF 300 million received in the month of April 2021
  • Order intake in the first half of 2021 expected to be around CHF 800 million
  • Start of implementation of the Rieter CAMPUS project in Winterthur

In the month of April 2021, Rieter received orders of around CHF 300 million. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.

In addition to the regional development of the market, Rieter also attributes the business performance to a catch-up effect due to the low propensity to invest in 2019/2020.

As a result, Rieter expects an order intake of around CHF 800 million in the first half of 2021.

As already announced, Rieter anticipates that sales in the first half of 2021 will be below the break-even point. Rieter expects an operating profit for the full year 2021. On July 15, 2021 Rieter will give an updated outlook for 2021 in connection with the semi-annual results, taking into consideration the ongoing challenges resulting from the COVID-19 pandemic.

  • Order intake of around CHF 300 million received in the month of April 2021
  • Order intake in the first half of 2021 expected to be around CHF 800 million
  • Start of implementation of the Rieter CAMPUS project in Winterthur

In the month of April 2021, Rieter received orders of around CHF 300 million. The order intake in April was broadly based internationally with the main focus on Turkey, Uzbekistan and India.

In addition to the regional development of the market, Rieter also attributes the business performance to a catch-up effect due to the low propensity to invest in 2019/2020.

As a result, Rieter expects an order intake of around CHF 800 million in the first half of 2021.

As already announced, Rieter anticipates that sales in the first half of 2021 will be below the break-even point. Rieter expects an operating profit for the full year 2021. On July 15, 2021 Rieter will give an updated outlook for 2021 in connection with the semi-annual results, taking into consideration the ongoing challenges resulting from the COVID-19 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 Management AG

15.04.2021

Rieter Annual General Meeting 2021

Based on Article 27 of Regulation 3 on measures to combat the Corona Virus (COVID-19), the Board of Directors of Rieter Holding Ltd. decided that shareholders can exercise their voting rights exclusively by authorizing the independent proxy. Shareholders therefore could not attend the Annual General Meeting in person. The AGM was held on the premises of Rieter Holding Ltd. at the company’s headquarters in Winterthur.

At the Annual General Meeting of Rieter Holding Ltd. on April 15, 2021, the independent proxy represented a total of 2 084 shareholders who hold 63.6% of the share capital.

The shareholders approved the proposal of the Board of Directors not to distribute a dividend in view of the negative business result. In addition, they approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for fiscal year 2022.

Based on Article 27 of Regulation 3 on measures to combat the Corona Virus (COVID-19), the Board of Directors of Rieter Holding Ltd. decided that shareholders can exercise their voting rights exclusively by authorizing the independent proxy. Shareholders therefore could not attend the Annual General Meeting in person. The AGM was held on the premises of Rieter Holding Ltd. at the company’s headquarters in Winterthur.

At the Annual General Meeting of Rieter Holding Ltd. on April 15, 2021, the independent proxy represented a total of 2 084 shareholders who hold 63.6% of the share capital.

The shareholders approved the proposal of the Board of Directors not to distribute a dividend in view of the negative business result. In addition, they approved the proposed maximum total amounts of the remuneration of the members of the Board of Directors and of the Group Executive Committee for fiscal year 2022.

The Chairman of the Board, Bernhard Jucker, and the members of the Board of Directors This E. Schneider, Hans-Peter Schwald, Peter Spuhler, Roger Baillod, Carl Illi and Luc Tack were confirmed for an additional one-year term of office. Stefaan Haspeslagh was newly elected to the Board of Directors for a one-year term of office.

Furthermore, This E. Schneider, Hans-Peter Schwald and Bernhard Jucker, the members of the Remuneration Committee who were standing for election, were also each re-elected for a one-year term of office.

Shareholders also adopted all other motions proposed by the Board of Directors, namely the approval of the annual report, the financial statements and the consolidated financial statements for 2020, and formal approval of the actions of the members of the Board of Directors and those of the Group Executive Committee in the year under review.

Outlook Updated
As already communicated at the Results Press Conference on March 9, 2021, Rieter expects the market recovery to continue in 2021. The company expects an order intake exceeding CHF 500 million in the first half of 2021. For the first half of 2021, Rieter still anticipates that sales will be below break-even point. For the full year 2021, Rieter expects an operating profit.

More information:
Rieter spinning machinery spinning
Source:

Rieter Management AG

(c) Saurer AG
15.10.2019

Saurer: Presenting Autoairo in Asia for the first time at 2nd CIIE

Originating in Switzerland and founded in 1853, Saurer is a leading globally operating technology group focusing on machinery and components for yarn processing. After having participated in the first CIIE last year, Saurer will once again take part in this important event this year, presenting its new air-spinning machine Autoairo, which the company launched at ITMA Barcelona on 20 June 2019. At the CIIE in November, the Autoairo will be exhibited in Asia for the first time.

Autoairo has set new benchmarks for air spinning. Saurer has combined its most advanced automation solutions with proven technology to create an air-spinning machine with unique properties. The Autoairo features autonomous spinning positions with individual drives and integrated intelligence. Its digital piecing unit is capable of performing up to 24 piecing processes simultaneously. As a result, the machine’s run-up time is also reduced by at least 30%. The Autoairo’s compact, double-sided design means that it takes up 40% less space than single-sided machines. These features give the Autoairo a powerful productivity advantage, while at the same time lowering spinning costs.

Originating in Switzerland and founded in 1853, Saurer is a leading globally operating technology group focusing on machinery and components for yarn processing. After having participated in the first CIIE last year, Saurer will once again take part in this important event this year, presenting its new air-spinning machine Autoairo, which the company launched at ITMA Barcelona on 20 June 2019. At the CIIE in November, the Autoairo will be exhibited in Asia for the first time.

Autoairo has set new benchmarks for air spinning. Saurer has combined its most advanced automation solutions with proven technology to create an air-spinning machine with unique properties. The Autoairo features autonomous spinning positions with individual drives and integrated intelligence. Its digital piecing unit is capable of performing up to 24 piecing processes simultaneously. As a result, the machine’s run-up time is also reduced by at least 30%. The Autoairo’s compact, double-sided design means that it takes up 40% less space than single-sided machines. These features give the Autoairo a powerful productivity advantage, while at the same time lowering spinning costs.

Source:

Saurer AG