Finance & Economy | News & Insights

Rieter Reports Order Inlet Of CHF 2225.7 Million In FY 2021

Published: February 5, 2022
Author: DIGITAL MEDIA EXECUTIVE
Due to the continuing high demand for new installations, components and services, Rieter posted an order inlet of CHF 551.8 million in the fourth quarter of 2021. As a result, Rieter achieved a total order intake of CHF 2225.7 million in the 2021 financial year (2020: CHF 640.2 million).

The exceptionally high order inlet is broadly supported at the global level. The orders came primarily from Turkey, India, Latin America, Uzbekistan, China and Pakistan.  At the end of 2021, the company had an order backlog of around CHF 1840 million (December 31, 2020: around CHF 560 million).
Despite bottlenecks in material supplies and freight capacities, sales performance up to the end of the year was better than expected. The Rieter Group closed the 2021 financial year with sales of CHF 969.2 million (2020: CHF 573.0 million). Rieter anticipates an EBIT margin of 4.5% to 5% of sales in the 2021 financial year (2020: -14.7%). All three Business Groups benefited from the high level of demand. The Business Group Machines & Systems posted an order intake of CHF 1708.6 million (2020: CHF 363.9 million). The Order inlet of the Business Group Components was CHF 296.0 million, an increase of 75% compared to the previous year (2020: CHF 169.1 million). The Business Group After Sales recorded an order intake of CHF 221.1 million, 106% higher than the previous year (2020: CHF 107.2 million). The main reason for the positive order intake in both Business Groups is the continuing
increased demand for spare and wear parts in spinning mills, which are operating at high capacity.

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