Initial data for the fiscal year 2024
Rieter: Order intake increased significantly in the fiscal year 2024, reaching CHF 725.5 million.
- CHF 859.1 million in sales;
- CHF 530 million in order backlog as of December 31, 2024
- EBIT margin anticipated to be in the higher end of the guideline range
The amount of orders received, CHF 725.5 million, was 34% more than during the same time last year (2023: CHF 541.8 million). For the fourth straight quarter, year-over-year growth was observed. As expected, the Rieter Group ended financial year 2024 with lower sales than in the previous year. According to preliminary, unaudited figures, total sales amounted to CHF 859.1 million, which is around 39% down on the previous year (2023: CHF 1 418.6 million). For the full year 2024, Rieter expects an EBIT margin in the upper half of the
guidance range of 2% to 4% communicated in October 2024 (2023: 7.2%).
Intake of orders
The amount of orders received in 2024 was CHF 725.5 million, 34% more than the previous year (CHF 541.8 million in 2023). As a result, Rieter was able to improve its competitive position in a competitive market. There were indications of a preliminary market rebound as compared to the prior year.
Division-by-division sales
The Machines & Systems Division reported CHF 424.9 million in revenues, a 56% drop from CHF 965.0 million in 2023. Sales in the Components Division fell to CHF 247.6 million, a 7% decrease from CHF 266.2 million at the same time last year (2023). Sales of CHF 186.6 million were recorded by the After Sales Division, which was similar to CHF 187.4 million in 2023.
Backlog of orders
The company’s order backlog at the end of 2024 was around CHF 530 million (CHF 650 million as of December 31, 2023).
EBIT margin
Rieter was effective in putting the “Next Level” performance program’s metrics into practice. As stated in October 2024, a strong EBIT margin in the higher part of the 2% to 4% forecast range is anticipated despite noticeably decreased sales.