#Spinning

2022-10-27

Rieter reports good figures for the third quarter

Rieter recorded a significant increase in sales in the third quarter of 2022, reaching a level of CHF 366.8 million (2021: CHF 257.3 million). The measures introduced to increase sales and profitability in the second half of 2022 are taking effect and will continue to be implemented in a systematic manner. These include a close cooperation with key suppliers, the development of alternative solutions to eliminate material shortages, the enforcement of price increases, and the improvement of the margin quality of the order backlog.

• Sales of CHF 366.8 million in the third quarter, CHF 987.4 million after nine months

• Order intake of CHF 226.4 million in the third quarter, CHF 1 095.8 million after nine months

• Order backlog of around CHF 2 000 million as of September 30, 2022

• Precautionary measures taken against potential energy crisis in Europe

• Financing of a Professorship for Artificial Intelligence

• Rieter site sales process on schedule

• Outlook 2022

The order intake of CHF 226.4 million in the third quarter of 2022 reflects the expected normalization of demand for new equipment compared to the record year of 2021, which was characterized by catch-up effects and the regional shift in demand. In addition, the well-known uncertainties and risks and the continuing extremely long delivery times at key manufacturers had a dampening effect on demand. Due to the slowdown in capacity utilization in the spinning mills, demand for consumables, wear & tear and spare parts also declined in the third quarter of 2022. Major orders continued to be recorded from Turkey, Uzbekistan, and China.

Rieter has an exceptionally high order backlog of around CHF 2 000 million as of September 30, 2022 (September 30, 2021: CHF 1 562 million), which will guarantee capacity utilization in all three business groups until well into 2023 or rather 2024. The cancellation rate in the reporting period was around 5% of the order backlog.

The Business Group Machines & Systems achieved total sales of CHF 634.3 million in the first nine months of 2022 (+66%). The Business Group Components recorded an increase of 37% to CHF 232.6 million in the first nine months of 2022, while the Business Group After Sales posted sales of CHF 120.5 million, 14% higher compared to the prior-year period. In all three business groups, the measures introduced to eliminate material bottlenecks and safeguard supplies are having a positive impact.

Following the record year of 2021, the Rieter Group received an order intake totaling CHF 1 095.8 million in the first nine months of 2022 (-35%).

In the Business Group Machines & Systems, compared to the record year in 2021, the expected normalization of demand was clearly reflected in an order intake of CHF 696.2 million.

Order intake in the Business Group Components rose to CHF 248.1 million, an increase of 9% compared to the first nine months of the previous year, mainly as a result of the acquisition of the Accotex and Temco components businesses. In the Business Group After Sales, order intake decreased to CHF 151.5 million, a fall of 8% compared to the first nine months of the previous year. The evolution of order intake in both business groups is attributable to the drop in demand for consumables, wear & tear and spare parts.

Precautionary Measures Taken Against Potential Energy Crisis in Europe

Rieter has largely completed preparations in connection with a potential energy crisis in Europe. All European locations have drawn up and already implemented suitable plans.

Financing of a Professorship for Artificial Intelligence

With the aim of further expanding its technology leadership, Rieter is financing together with the Johann Jakob Rieter Foundation a Professorship for Artificial Intelligence at the Zurich University of Applied Sciences (ZHAW) in Winterthur (Switzerland). Rieter will use this technology in the context of the further development of ESSENTIAL, the platform for the digitalization of Rieter spinning systems.

Rieter Site Sales Process on Schedule

The process for the sale of the remaining Rieter site in Winterthur (Switzerland) is proceeding according to plan. In total, around 75 000 m2 of land will be sold. The Rieter CAMPUS is not part of this transaction.

Outlook 2022

Rieter anticipates weakened demand for new systems in the coming months. The demand for consumables, wear & tear and spare parts will depend on the capacity utilization of spinning mills in the months ahead.

For the full year 2022, Rieter expects sales of around CHF 1 400 million. The realization of sales revenue from the order backlog continues to be associated with risks in relation to the well-known uncertainties.

Despite significantly higher sales compared to the prior-year period, Rieter expects EBIT and net result for 2022 to be below the previous year’s level. This is due to the considerable increases in the cost of materials and logistics, additional costs for compensation of material shortages as well as expenses in connection with the acquisition in the years 2021/2022.

As market and technology leader, Rieter will benefit from the continuing exceptionally high order backlog of around CHF 2 000 million, the significantly improved market position, and the continuation of the regional shift in demand.

Rieter adjusts group structure in preparation for Barmag integration

The planned acquisition of the “Barmag” Division of OC Oerlikon will create the leading system provider worldwide for natural and man-made fibers. Rieter is confident it will receive all regulatory approvals to complete the acquisition in the fourth quarter of 2025. The Rieter Group is therefore adjusting its Group structure as of January 1, 2026, to take this acquisition into account and to be able to provide an even more agile response to market challenges.

Rieter reports stable order backlog and strategic progress – outlook for 2025 adjusted

In its Investor Update 2025, Rieter announced an order intake of CHF 203.9 million in the third quarter and CHF 559.3 million after nine months, reflecting a continued cautious investment climate in the textile machinery sector. Sales totaled CHF 121.5 million in the third quarter and CHF 457.7 million for the first nine months of the year, while the order backlog stood at around CHF 590 million as of September 30, 2025.

Perfect quality through collaboration: Machinery from Trützschler, Toyota and Murata at Zirve Tekstil

In today’s textile industry, excellence is not achieved by chance – it’s the result of deliberate decisions, technical expertise, and the courage to go beyond conventional paths. The Turkish company Zirve Tekstil has done just that: by combining the best technologies from Trützschler, Toyota and Murata, they’ve created a production setup that delivers outstanding yarn quality – recognized worldwide.

Monitor, adjust, perfect

FiberGuard BCF is the name of the new system for real-time monitoring of yarn tension in all Neumag BCF production processes. Barmag, the innovation and technology leader for filament spinning systems, presented this innovation of its Neumag product line at ITMA Asia + CITME in Singapore last November. The new BCF yarn tension sensor is compatible with all current Neumag BCF machines and can be easily retrofitted to existing Neumag BCF S8 machines.

Advancing the future of stretch: Fashion for Good launches new project to validate bio-based and recycled elastane

Launched today, Stretching Circularity is a collaborative project initiated by Fashion for Good dedicated to accelerating the adoption of lower-impact elastane alternatives that are compatible with circular textile systems. By validating bio-based and recycled elastane solutions through pilot-scale testing and demonstrator garments, the initiative aims to remove one of the most significant technical barriers to a circular textile economy.

Huixing acquires insolvent Mayer & Cie.

Insolvency proceedings for the circular knitting and braiding machine manufacturer Mayer & Cie. were opened on December 1, 2025. Immediately following the opening of proceedings, the complete cessation of business operations was initiated. Most employees were subsequently given notice effective the end of February 2026. The production of the remaining orders in the circular knitting segment is expected to be completed by the end of the month. As early as December 2025, Mayer & Cie.’s braiding machine division was sold to an Italian investor.

Testing and research laboratory ensures safe and more sustainable products worldwide

For 80 years, Hohenstein has stood for independent testing, scientific expertise and practical solutions. Today, the testing and research service provider supports manufacturers and brands worldwide in making textiles, hardlines and medical devices safe, more sustainable and market-ready – thereby building trust among consumers. With an international presence and interdisciplinary expertise, Hohenstein supports its customers from production through to market launch, helping them navigate an environment of growing regulatory and societal demands.