Finance & Economy

Rieter: 2022 as the fiscal year

Published: March 10, 2023

Financial Year 2022 

  • Record sales of CHF 1 510.9 million, despite enormous challenges in their  realization 
  • Continued high order intake of CHF 1 157.3 million in 2022; order backlog  of around CHF 1 540 million as of December 31, 2022 
  • EBIT margin of 2.1% despite the challenging environment Implementation of action plan to increase profitability ongoing Dividend of CHF 1.50 per share proposed 
  • Outlook 

The 2022 financial year was characterized by record sales of CHF 1 510.9 million  and enormous challenges in their realization. Geopolitical uncertainties, the rapid  rise in inflation, and additional development expenditure to compensate for material  bottlenecks, weighed heavily on earnings. Higher expenses were also incurred in  connection with the

acquired businesses. Despite the exceptionally challenging  environment, Rieter generated an EBIT margin of 2.1%. Implementation of the  measures already initiated to improve profitability is continuing. 

Sales, Order Intake and Order Backlog 

With record sales of CHF 1 510.9 million, Rieter achieved an increase of 56%  compared with the previous year (2021: CHF 969.2 million). In the second half of  2022, especially in the fourth quarter, the measures introduced to address material  bottlenecks had a positive impact. Consequently, sales increased to CHF 890.3  million compared with the first six months (first half-year 2022: CHF 620.6 million). 

Order intake was CHF 1 157.3 million in 2022 (2021: CHF 2 225.7 million) and thus  remained at a high level thanks to the company’s technological lead and broad  international presence. The market situation, especially in the second half of 2022,  was characterized by investment restraint and below-average capacity utilization at  spinning mills due to geopolitical uncertainties, rising financing costs, and consumer  reticence in important markets

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