Swiss textile machinery manufacturer Rieter has reported a significant surge in order intake, reaching CHF (Currency of Switzerland and Liechtenstein) 725.5 million in 2024, marking a 34% increase from CHF 541.8 million in the previous year. This marks the fourth consecutive quarter of year-on-year growth, reinforcing the company’s resilience in a challenging market environment.

Despite the strong order intake, Rieter concluded the financial year with lower sales compared to 2023. According to preliminary unaudited figures, total sales for 2024 amounted to CHF 859.1 million, a 39% decline from CHF 1.42 billion in the previous year. The decline was anticipated, reflecting ongoing market fluctuations and demand cycles.

For the full year, Rieter expects an EBIT margin in the upper half of its previously communicated guidance range of 2% to 4%, compared to 7.2% in 2023. The company remains optimistic about its ability to navigate market challenges while maintaining profitability.

The increase in order intake suggests early signs of market recovery, with Rieter successfully strengthening its competitive position. The company’s strategic initiatives and focus on innovation continue to drive its long-term growth potential, despite short-term sales fluctuations.

As Rieter moves forward, the sustained momentum in order inflows signals a positive outlook for the textile machinery sector, reinforcing the company’s role as a key industry player.