Corporates

Rieter and Erbel Celebrate 50 Years of Partnership at ITM 2024

Textile Insights June 5, 2024

At the International Textile Machinery exhibition (ITM) 2024, a significant milestone was celebrated with the handover of a commemorative present to Haluk Erbel, Chairman of Erbel Mümessillik A.S., by Mr. Thomas Oetterli, CEO of the Rieter Group. Reflecting on this occasion, Thomas Oetterli

Corporates

CEO Thomas Oetterli Elected As Chairman Of Rieter BoD

Textile Insights April 18, 2024

CEO Thomas Oetterli was elected as Chairman of the board of directors (BoD) of Rieter Holding at the 133rd annual general meeting of the Swiss textile machinery manufacturing company. Additionally, 312 shareholders who attended the meeting and who represent 68.7 percent of the share capital approved the proposal to distribute a dividend of CHF 3.00 […]

Financial Results

EBIT Margin At Rieter Group Stands At 7.2% In 2023

Textile Insights March 13, 2024

Profit at the Rieter Group at the EBIT level in financial year 2023 was CHF 101.7 million vis-à-vis CHF 32.2 million in 2022, which represents an EBIT margin of 7.2 percent. Sales at the Swiss textile technologies manufacturer slipped 6 percent to CHF 1,418.6 million in 2023 as against CHF 1,510.9 million in its earlier […]

Financial Results

Rieter Group Sales Drop 6% To CHF 1,418.6 Million In 2023

Textile Insights January 24, 2024

The Rieter Group released its unaudited figures for financial year 2023 in which its sales dropped around 6 percent to CHF 1,418.6 million as against CHF 1,510.9 million in 2022. The Business Group Machines & Systems recorded sales of CHF 965.0 million, a decrease of 7 percent year on year, while sales at the Business […]

Tete-A-Tete

Rieter Affirms Air-Jet Spinning & Recycling Shaping Chinese Textile Industry

Textile Insights December 12, 2023

Recycling offers major opportunities in China. Weavers, knitters and garment makers are under pressure to create products that have a significant share of recycled fibres, says Thomas Oetterli, CEO of Rieter Group How would you describe your overall experience at ITMA Asia + CITME? Rieter experienced great success. The booth was crowded with a mix […]