Rieter Reports FY25 Loss, Completes Barmag Acquisition
Rieter Holding Ltd.. reported a challenging financial year 2025 but marked a major strategic milestone with the completion of its acquisition of Barmag in February 2026, strengthening its position across the global textile value chain.
The Winterthur-based textile machinery major posted order intake of CHF 703.4 million in 2025, slightly lower than CHF 725.5 million in 2024. Sales declined 20 percent year-on-year to CHF 685.1 million amid delayed market recovery, global trade tensions and geopolitical uncertainty.
Despite the revenue drop, Rieter achieved a positive operating EBIT of CHF 2.5 million before restructuring and transaction costs, supported by cost-control measures. However, due to restructuring expenses and acquisition-related costs of CHF 54.2 million linked to Barmag, the company reported a net loss of CHF 63.4 million for the year, compared to a net profit of CHF 10.4 million in 2024.
The acquisition of Barmag, completed on February 2, 2026, marks a transformative step in Rieter’s repositioning strategy. Barmag will operate as the new “Man-Made Fiber” Division, expanding Rieter’s capabilities beyond short-staple fiber machinery into the structurally growing man-made fiber segment. The move positions Rieter as a comprehensive systems supplier spanning natural and man-made fibers.
Divisional performance remained under pressure. The Machines & Systems Division recorded order intake of CHF 346.3 million, while the Components Division reported CHF 193.5 million amid cautious investment activity. The After Sales Division stood out with a 6 per cent rise in order intake to CHF 163.6 million, driven by stronger service demand in markets such as Central Asia and China.
Rieter ended 2025 with an order backlog of approximately CHF 510 million. Following a capital increase to finance the acquisition, the company’s equity ratio improved significantly to 53.3 percent.
Looking ahead, 2026 will be a transition year as integration of Barmag progresses. Rieter expects sales between CHF 1.3 billion and CHF 1.5 billion, with a positive operating EBIT margin in the range of 0 to 3 percent.
The company has outlined new medium-term targets under three market scenarios, projecting potential sales of CHF 1.4 billion to CHF 2.2 billion depending on market recovery and demand conditions.
