Rico Randegger, Head of the Business Group After Sales and member of the Group Executive Committee, will step down from his position on December 31, 2024. The Board of Directors of Rieter Holding Ltd. would like to take this opportunity to thank Rico Randegger for his many years of successful
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 remarked, “Trust is what ties it all together; it is at the […]
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 […]
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 […]
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 […]
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 […]