Rieter Semi Annual Report 2024

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Semi-Annual Report

2 Rieter Group . Semi-Annual Report 2024 . Key figures

KEY FIGURES

January – June January – June


CHF million 2023 2024

Rieter
Order intake 325.0 403.4
Sales 758.2 421.0
Operating result before interest, taxes, depreciation, and amortization (EBITDA) 52.2 35.7
Operating result before interest, taxes, and restructuring 28.2 9.1
(EBIT before restructuring and impairment)
• in % of sales 3.7% 2.2%
Operating result before interest and taxes (EBIT) 25.2 8.9
• in % of sales 3.3% 2.1%
Net result 13.3 1.7
Basic earnings per share (CHF) 2.97 0.39
Free cash flow 10.0 – 1.1
Net debt at the end of the reporting period – 298.9 – 243.9
Equity in % of total assets at the end of the reporting period 23.0% 31.9%
Number of employees (excluding temporaries) at the end of the reporting period 5 555 4 831

Business Group Machines & Systems


Order intake 111.4 211.5
Sales 521.9 198.7
Operating result before interest, taxes, and restructuring 2.2 – 9.8
(EBIT before restructuring and impairment)
• in % of sales 0.4% – 4.9%
Operating result before interest and taxes (EBIT) 1.6 – 9.9
• in % of sales 0.3% – 5.0%

Business Group Components


Order intake 131.0 117.6
Sales 143.9 126.5
Total segment sales 211.3 151.4
Operating result before interest, taxes, and restructuring 16.0 5.1
(EBIT before restructuring and impairment)
• in % of segment sales 7.6% 3.4%
Operating result before interest and taxes (EBIT) 16.0 5.1
• in % of segment sales 7.6% 3.4%

Business Group After Sales


Order intake 82.6 74.3
Sales 92.4 95.8
Operating result before interest, taxes, and restructuring 16.0 20.9
(EBIT before restructuring and impairment)
• in % of sales 17.3% 21.8%
Operating result before interest and taxes (EBIT) 16.0 20.9
• in % of sales 17.3% 21.8%
Alternative Performance Measures (APM)
Definitions of the APM used are contained in the Annual Report 2023 and in the Semi-Annual Report 2024.
Rieter Group . Semi-Annual Report 2024 . Content 3

Semi-Annual Report 2024

4 Letter to the shareholders


15 Financial calendar

Financial report

6 Consolidated income statement


6 Consolidated statement of comprehensive income
7 Consolidated balance sheet
8 Consolidated statement of changes in equity
8 Consolidated cash flow statement
9 Notes to the consolidated semi-annual financial statements
4 Rieter Group . Semi-Annual Report 2024 . Letter to the shareholders

Thomas Oetterli
Chairman of the Board of Directors
and Chief Executive Officer

FIRST HALF OF 2024

DEAR SHAREHOLDER

In the first half of 2024, the Rieter Group posted an Order intake
order intake of CHF 403.4 million (first half of 2023: In line with expectations, the order intake of CHF
CHF 325.0 million), which represents a significant in- 403.4 million in the first half of 2024 was significantly
crease of 24% compared with the same period of the higher than in the same period of the previous year
previous year. Sales were CHF 421.0 million (first half (first half of 2023: CHF 325.0 million). The increase in
of 2023: CHF 758.2 million). As expected, this was demand for new machines in the Business Group
44% lower than the previous year. Machines & Systems contributed to this positive de-
velopment. Orders came mainly from China, India,
In a challenging business environment, Rieter and Türkiye. At the same time, demand for consum-
achieved an EBIT margin of 2.1% thanks to strict cost ables, wear & tear and spare parts declined slightly
management. The systematic implementation of the due to continued weak demand for textiles.
“Next Level” performance program led to a strength-
ening of profitability. Rieter recorded a profit at the Sales by business group
EBIT level of CHF 8.9 million in the first half of 2024 Sales in the Business Group Machines & Systems de-
(first half of 2023: CHF 25.2 million). The reduction of creased by 62% to CHF 198.7 million and in the Busi-
the cost base particularly in research and develop- ness Group Components by 12% to CHF 126.5 million.
ment as well as selling and administrative expenses The decline in sales in both business groups is a con-
contributed to this positive result. sequence of the low order intake in 2023. In contrast,
Rieter Group . Semi-Annual Report 2024 . Letter to the shareholders 5

sales in the Business Group After Sales increased by balanced mix between the business groups in the me-
4% year-on-year to CHF 95.8 million. Growth was dium term.
achieved through an increase in installation services
and sales of engineered solutions. Demand for con- Outlook for the full year 2024 specified
sumables, wear & tear and spare parts will depend on The markets remained under pressure from the eco-
spinning mill capacity utilization in the months ahead. nomic slowdown, high inflation rates and noticeably
Rieter expects the global increase in spinning mill dampened consumer sentiment. The first signs of a
capacity to have a positive impact on volumes in the recovery in financial year 2024 have emerged in the
second half of 2024. key markets of China and India. Rieter expects de-
mand to pick up further in the coming months.
Order backlog
On June 30, 2024, the company had an order backlog For the full year 2024, Rieter anticipates sales in the
of around CHF 640 million (first half of 2023: around range of CHF 900 million to CHF 1 billion and a posi-
CHF 1 100 million). This corresponds to a similar level tive EBIT margin of 2% to 4%.
at the end of 2023.
Winterthur, July 17, 2024
EBIT, net result and free cash flow
In the first half of 2024, Rieter posted a profit of CHF
8.9 million at the EBIT level, with an EBIT margin of
2.1% (first half of 2023: CHF 25.2 million) and a net
result of CHF 1.7 million (first half of 2023: CHF 13.3 Thomas Oetterli
million). The decrease is due to the lower sales vol- Chairman of the Board of Directors
ume in the 2024 financial year. and Chief Executive Officer

In the first half of 2024, free cash flow was CHF -1.1
million (first half of 2023: CHF 10.0 million). The neg-
ative free cash flow was mainly due to cash outflows
related to the settlement of provisions for the “Next
Level” performance program.

Significant cost reductions as a result of the “Next


Level” performance program
Rieter is working intensively on the implementation of
the measures set out in the “Next Level” performance
program. The optimization of overhead structures and
the adjustment of production capacities were suc-
cessfully implemented according to plan. Thanks to
strict cost management, EBIT was positive despite the
fact that sales were lower than forecast in the “low”
scenario.

The transfer of resources and responsibilities to India


and China is on track, enabling the key markets to re-
spond more effectively to customer needs and cycles
in the machinery business.

Rieter continues to pursue growth in the after sales


and components business in order to achieve a more
6 Rieter Group . Semi-Annual Report 2024 . Consolidated income statement/Consolidated statement of comprehensive income

CONSOLIDATED INCOME STATEMENT

January – June January – June


CHF million Notes 2023 2024
Sales (3, 4) 758.2 421.0
Cost of sales – 576.9 – 298.8
Gross profit 181.3 122.2
Research and development expenses – 41.3 – 25.3
Selling, general, and administrative expenses – 120.1 – 94.5
Other income (5) 13.9 14.9
Other expenses (5) – 8.6 – 8.4
Operating result before interest and taxes (EBIT) (3) 25.2 8.9
Financial result – 5.3 – 4.0
Result before taxes (3) 19.9 4.9
Income taxes – 6.6 – 3.2
Net result 13.3 1.7
Attributable to shareholders of Rieter Holding Ltd. 13.3 1.8
Attributable to non-controlling interests 0.0 – 0.1

Basic earnings per share (CHF) 2.97 0.39


Diluted earnings per share (CHF) 2.97 0.37

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

January – June January – June


CHF million 2023 2024
Net result 13.3 1.7
Remeasurement of defined benefit plans – 0.7 0.0
Income taxes on remeasurement of defined benefit plans 0.1 0.0
Changes in fair values of financial assets 0.0 0.1
Items that will not be reclassified to the income statement, net of taxes – 0.6 0.1
Currency translation differences – 12.4 25.9
Cash flow hedges – 2.2 5.8
Income taxes on cash flow hedges 0.4 – 1.2
Items that may be reclassified to the income statement, net of taxes – 14.2 30.5
Total other comprehensive income – 14.8 30.6
Total comprehensive income – 1.5 32.3
Attributable to shareholders of Rieter Holding Ltd. – 1.5 32.4
Attributable to non-controlling interests 0.0 – 0.1
Rieter Group . Semi-Annual Report 2024 . Consolidated balance sheet 7

CONSOLIDATED BALANCE SHEET

December 31, June 30,


CHF million 2023 2024
Assets
Cash and cash equivalents 135.6 99.1
Marketable securities and time deposits 0.3 0.4
Trade receivables 138.8 103.3
Other current receivables 77.6 59.1
Current income tax receivables 3.3 2.1
Inventories 285.9 271.3
Current assets 641.5 535.3
Property, plant, and equipment1 226.1 263.5
Intangible assets 119.4 115.6
Goodwill 184.3 190.2
Investments in associated companies 18.8 20.2
Defined benefit plan assets 63.0 61.3
Deferred income tax assets 47.0 48.2
Other non-current assets 9.9 9.7
Non-current assets 668.5 708.7
Assets 1 310.0 1 244.0

Liabilities and shareholders’ equity


Current financial debt 198.1 182.4
Trade payables 101.5 77.4
Other current liabilities 204.6 159.4
Advance payments from customers 96.3 91.1
Current income tax liabilities 44.5 42.2
Current provisions 72.2 42.9
Current liabilities 717.2 595.4
Non-current financial debt 129.0 161.0
Defined benefit plan liabilities 24.0 24.7
Deferred income tax liabilities 38.1 39.5
Non-current provisions 25.0 26.3
Non-current liabilities 216.1 251.5
Liabilities 933.3 846.9
Equity attributable to shareholders of Rieter Holding Ltd. 376.6 397.5
Equity attributable to non-controlling interests 0.1 – 0.4
Shareholders’ equity 376.7 397.1
Liabilities and shareholders’ equity 1 310.0 1 244.0
1. At June 30, 2024, the right-of-use asset of the Rieter CAMPUS in Winterthur in the amount of CHF 35.9 million is included.
8 Rieter Group . Semi-Annual Report 2024 . Consolidated statement of changes in equity/Consolidated cash flow statement

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

January – June January – June


CHF million 2023 2024
Total shareholders’ equity at January 1 360.0 376.7
Total comprehensive income – 1.5 32.3
Distribution of a dividend – 6.7 – 13.5
Changes in non-controlling interests 0.0 0.2
Changes in treasury shares (including share-based compensation) 1.2 1.4
Total shareholders’ equity at June 30 353.0 397.1

CONSOLIDATED CASH FLOW STATEMENT

January – June January – June


CHF million Notes 2023 2024
Net result 13.3 1.7
Depreciation of property, plant, and equipment, and amortization of intangible assets 27.0 26.8
Interest income/expenses 5.7 3.8
Income taxes 6.6 3.2
Other non-cash expenses/income 1.4 0.3
Change in net working capital, other – 14.8 – 18.2
Interest paid/received – 3.3 – 2.3
Income taxes paid – 7.7 – 4.5
Cash flow from operating activities 28.2 10.8
Acquisition of subsidiaries (2.1) 0.0 – 1.4
Purchase of property, plant, and equipment, and intangible assets – 19.7 – 12.4
Proceeds from disposals of property, plant, and equipment (including assets classified as
held for sale) 1.0 0.4
Proceeds from disposals/purchase of other non-current assets 0.3 0.0
Sale/purchase of marketable securities and time deposits 0.2 0.1
Cash flow from investing activities – 18.2 – 13.3
Dividend paid to shareholders of Rieter Holding Ltd. – 6.7 – 13.5
Proceeds from financial debt 0.1 0.1
Repayments of financial debt – 21.9 – 24.1
Cash flow from financing activities – 28.5 – 37.5
Currency effects on cash and cash equivalents – 2.4 3.5
Change in cash and cash equivalents – 20.9 – 36.5
Cash and cash equivalents at January 1 175.7 135.6
Cash and cash equivalents at June 30 154.8 99.1
Rieter Group . Semi-Annual Report 2024 . Notes to the consolidated semi-annual financial statements 9

NOTES TO THE CONSOLIDATED SEMI-ANNUAL FINANCIAL STATEMENTS

1 GENERAL INFORMATION

1.1 BASIS FOR PRESENTATION AND SIGNIFICANT ment, the consolidated statement of changes in equity, and the
ACCOUNTING POLICIES consolidated cash flow statement are presented in condensed
form.
The consolidated semi-annual financial statements of Rieter Hold-
ing Ltd. and its subsidiaries (“Rieter” or “Rieter Group”) have
been prepared in accordance with IAS 34 Interim Financial 1.2 SIGNIFICANT ACCOUNTING ESTIMATES AND
Reporting. They are based on the financial statements of the in­ JUDGMENTS
dividual group companies prepared in accordance with Rieter’s
uniform accounting policies as of June 30, 2024. The significant Rieter has reviewed the areas involving relevant significant ac-
accounting policies summarized in the Annual Report 2023 have counting estimates and key judgments (see note 1.2 in the consol-
been amended in the first half year of 2024 in accordance with idated financial statements 2023), in particular the assumptions
the new and revised IFRS Standards and Interpretations. The and the financial plans underlying the impairment test for the
implementation of these changes in IFRS had no significant im- goodwill and the intangible assets allocated to Accotex. There
pact on the consolidated semi-annual financial statements. was no indication for impairment as a result of the review.

The consolidated semi-annual financial statements have not been


audited by the statutory auditor. The consolidated income state-

1.3 FOREIGN EXCHANGE RATES

The following foreign exchange rates of importance for Rieter were used in the preparation of the consolidated semi-annual financial
statements as well as for the financial statements of group companies:

Average period CHF rates Period-end CHF rates

January – June January – June December 31, June 30,


Country/region Currency (unit) 2023 2024 2023 2024
China CNY 100 13.16 12.32 11.79 12.38
Czech Republic CZK 100 4.16 3.84 3.74 3.84
Euro countries EUR 1 0.99 0.96 0.93 0.96
India INR 100 1.11 1.07 1.01 1.08
USA USD 1 0.91 0.89 0.84 0.90
10 Rieter Group . Semi-Annual Report 2024 . Notes to the consolidated semi-annual financial statements

2 SIGNIFICANT EVENTS

2.1 ACQUISITIONS damage at Rieter’s repair center and the financial loss incurred
due to business interruption have been evaluated in cooperation
On January 5, 2024, Rieter Holding Ltd. (Winterthur, Switzerland) with the respective insurance company. The insurance claim for
acquired 100% of the shares of Petit Spare Parts SAS (Aubenas, property damage at Rieter’s repair center and the financial loss
France). This entity is active in the business of spare parts for incurred from business interruption has been settled.
textile machines and employs ten full-time employees. The pur-
chase price amounted to CHF 1.4 million. The acquired net assets Rieter’s business activities in Ukraine, Russia, Belarus, and in the
primarily consist of inventories. No goodwill resulted from the Middle East are not significant. Consequently, the military con-
acquisition. flicts in Ukraine and the Middle East have no direct impact on
Rieter, as neither subsidiaries (assets) nor major customers are
based in this region.
2.2 EARTHQUAKE IN TÜRKIYE AND GLOBAL ECONOMIC
AND GEOPOLITICAL UNCERTAINTIES
2.3 RESTRUCTURING AND IMPAIRMENT
On February 6, 2023, a devastating earthquake occurred in south-
ern Türkiye and northern Syria. This region is home to an import- On July 19, 2023, Rieter launched the “Next Level” performance
ant part of the Turkish textile industry and thus represents a key program aimed at strengthening sales excellence, sharpening cus-
market for Rieter. The earthquake had a significant impact on tomer focus, improving cost efficiency in production, and optimiz-
Rieter’s top line. Sales to and order intake from Türkiye decreased ing fixed cost structures. Measures defined in the “Next Level”
in 2023 and particularly in 2024 due to a lack of investments in performance program were implemented in 2023 and mostly con-
new machinery and systems in combination with further post- cluded in the first half of 2024.
ponements and cancellations of existing orders. The property

The following table presents the operating result before interest and taxes (EBIT) of Rieter before and after restructuring and impair-
ment:

January – June January – June


CHF million 2023 2024
Operating result before interest, taxes, restructuring, and impairment (EBIT before restructuring and
impairment) 28.2 9.1
Restructuring expenses1 – 3.0 0.0
Impairment losses on property, plant, and equipment1 – – 0.2
Operating result before interest and taxes (EBIT) 25.2 8.9
1. See note 5.

3 SEGMENT INFORMATION

Segment information is based on the Group’s organization and aggregation of operating segments. Rieter Machines & Systems
management structure and internal financial reporting to the develops and manufactures machinery and systems used to con-
Chief Operating Decision Maker up to the level of EBIT. The Chief vert natural and man-made fibers and their blends into yarns.
Operating Decision Maker at Rieter is the Chief Executive Officer. Rieter Components supplies technology components to spinning
Segment reporting is based on the same accounting policies as mills and to textile machinery manufacturers as well as precision
those used for the preparation of the consolidated financial winding machines. Rieter After Sales serves Rieter customers
statements. The Group consists of three reportable segments: with spare parts, value-adding after sales services, and solutions
Machines & Systems, Components, and After Sales. There is no over the entire product life cycle.
Rieter Group . Semi-Annual Report 2024 . Notes to the consolidated semi-annual financial statements 11

Segment information January – June 2024

Machines & Total reportable


CHF million Systems Components After Sales segments
Total segment sales 198.7 151.4 95.8 445.9
Inter-segment sales 0.0 24.9 0.0 24.9
Sales 198.7 126.5 95.8 421.0
Operating result before interest, taxes, restructuring, and impairment (EBIT
before restructuring and impairment) – 9.8 5.1 20.9 16.2
Operating result before interest and taxes (EBIT) – 9.9 5.1 20.9 16.1
Purchase of property, plant, and equipment, and intangible assets 1.8 3.3 0.7 5.8
Depreciation of property, plant, and equipment, and amortization
of intangible assets 6.5 12.7 1.6 20.8

Segment information January – June 2023

Machines & Total reportable


CHF million Systems Components After Sales segments
Total segment sales 521.9 211.3 92.4 825.6
Inter-segment sales 0.0 67.4 0.0 67.4
Sales 521.9 143.9 92.4 758.2
Operating result before interest, taxes, restructuring, and impairment (EBIT
before restructuring and impairment) 2.2 16.0 16.0 34.2
Operating result before interest and taxes (EBIT) 1.6 16.0 16.0 33.6
Purchase of property, plant, and equipment, and intangible assets 4.6 6.8 0.6 12.0
Depreciation of property, plant, and equipment, and amortization
of intangible assets 7.9 12.9 1.5 22.3

Reconciliation of segment results

January – June January – June


CHF million 2023 2024
Operating result before interest and taxes (EBIT) of reportable segments 33.6 16.1
Result that cannot be allocated to reportable segments – 8.4 – 7.2
Operating result before interest and taxes (EBIT) 25.2 8.9
Financial result – 5.3 – 4.0
Result before taxes 19.9 4.9

The result that cannot be allocated to reportable segments In the first half of 2023, the result that cannot be allocated to the
includes all those elements of income and expenses that cannot reportable segments contains restructuring costs in the amount of
be allocated on a reasonable basis to the segments, such as CHF 2.4 million.
certain costs of central functions and infrastructure (internally
reported as “Corporate”) as well as the elimination of unrealized
profits on inter-segment deliveries.
12 Rieter Group . Semi-Annual Report 2024 . Notes to the consolidated semi-annual financial statements

4 SALES

Sales are divided into the following categories:

January – June January – June


CHF million 2023 2024
Sales of products 732.5 393.4
Sales of services 25.7 27.6
Sales 758.2 421.0

Sales of services are mainly incurred at Rieter After Sales.

5 OTHER INCOME AND EXPENSES

January – June January – June


CHF million 2023 2024
Rental income 2.0 0.4
Gain on disposals of property, plant, and equipment 1.0 0.2
Disposals of materials for recycling purposes 1.4 0.4
Foreign exchange differences (net) 3.0 –
Miscellaneous other income 6.5 13.9
Other income 13.9 14.9

Restructuring expenses1 – 3.0 0.0


Impairment losses on property, plant, and equipment1 – – 0.2
Losses from accounts receivable 0.0 – 0.9
Foreign exchange differences (net) – – 0.2
Miscellaneous other expenses – 5.6 – 7.1
Other expenses – 8.6 – 8.4
1. See note 2.3.

Miscellaneous other income includes income that is not present-


ed as sales, such as income from export incentive schemes and
income from government grants.

Miscellaneous other expenses include expenses that are not di-


rectly linked to cost of sales, or which cannot be allocated to re-
search and development expenses or selling, general, and admin-
istrative expenses. Such expenses include costs related to can-
celled customer projects and losses from onerous customer con-
tracts.
Rieter Group . Semi-Annual Report 2024 . Notes to the consolidated semi-annual financial statements 13

6 OPERATING RESULT BEFORE INTEREST, TAXES, DEPRECIATION, AND AMORTIZATION (EBITDA)

The operating result before interest, taxes, depreciation, and amortization (EBITDA) is used by Rieter as an alternative performance
measure. The table below contains a reconciliation of EBITDA:

January – June January – June


CHF million 2023 2024
Operating result before interest and taxes (EBIT) 25.2 8.9
Depreciation and amortization 27.0 26.8
Operating result before interest, taxes, depreciation, and amortization (EBITDA) 52.2 35.7

7 CHANGES IN GROUP STRUCTURE

In the first half of 2024, the subsidiary Rieter Management AG The changes in Group structure had an insignificant impact on the
(Winterthur, Switzerland) was merged into Maschinenfabrik consolidated semi-annual financial statements for 2024.
Rieter AG (Winterthur, Switzerland), which in turn changed its
name to Rieter Ltd. (Winterthur, Switzerland). Moreover, the sub- In the first half of 2023, Rieter transferred the entire business in
sidiary Hogra Holding AG (Freienbach, Switzerland) was merged Uzbekistan from Rieter Uzbekistan FE LLC (Tashkent, Uzbekistan)
into Tefina Holding-Gesellschaft AG (Zug, Switzerland). Further- to the newly established and wholly owned subsidiary Rieter
more, Rieter Ingolstadt GmbH (Ingolstadt, Germany) was merged Textilsystemen LLC (Tashkent, Uzbekistan). After an increase in
into Spindelfabrik Suessen GmbH (Suessen, Germany). Addition- share capital fully financed by an external investor, Rieter lost
ally, Rieter acquired Petit Spare Parts SAS (Aubenas, France, see control of Rieter Uzbekistan FE LLC and therefore deconsolidated
note 2.1). As part of a reorganization, Changzhou Rieter Textile this subsidiary in the first half of 2023. The change in Group struc-
Machinery Trading Co., Ltd. (Changzhou, China) was incorporated ture had an insignificant impact on the consolidated semi-annual
as a subsidiary of Rieter China Textile Instruments Co. Ltd. financial statements for 2023.
(Changzhou, China).

8 FINANCIAL INSTRUMENTS

The following table shows the financial instruments that are measured at fair value, grouped according to the categories defined in the
accounting policies:

December 31, June 30,


CHF million 2023 2024
Marketable securities Assets, level 1 0.1 0.1
Other financial assets Assets, level 2 1.5 1.4
Other financial assets Assets, level 3 0.5 0.5
Derivative financial instruments (positive fair values) Assets, level 2 11.7 5.2
Derivative financial instruments (negative fair values) Liabilities, level 2 18.3 2.5

There were no transfers among the categories and the valuation fair value of these instruments is determined with the help of val-
techniques have been applied consistently. Financial instruments uation techniques that use foreign exchange rates and interest
measured at level 2 consist mainly of derivatives held for hedging rates as observable input parameters.
purposes entered into with reputable financial institutions. The
14 Rieter Group . Semi-Annual Report 2024 . Notes to the consolidated semi-annual financial statements

On June 30, 2024, financial debt measured at amortized cost Swiss Exchange and are included in the balance sheet line items
includes two fixed-rate bonds; one with a carrying amount of CHF “Current financial debt” and “Non-current financial debt”.
75.0 million (December 31, 2023: CHF 74.9 million) and a fair
value of CHF 74.9 million (December 31, 2023: CHF 74.5 million) The carrying amounts of the financial instruments measured at
and a second with a carrying amount of CHF 99.7 million (Decem- amortized cost approximate fair values due to their mainly short-
ber 31, 2023: 99.7) and a fair value of CHF 96.5 million (December term nature (except for non-current lease liabilities).
31, 2023: CHF 98.4 million). Both bonds are listed on the SIX

9 EVENTS AFTER BALANCE SHEET DATE

The Semi-Annual Report 2024 was approved for publication by the carrying amounts of the Group’s assets or liabilities, or which
the Board of Directors on July 17, 2024. No events have occurred would require disclosure.
up to July 17, 2024, which would necessitate adjustments to

All statements in this report which do not refer to historical facts are forecasts which offer no guarantee whatsoever with respect to
future performance; they embody risks and uncertainties which include – but are not confined to – future global economic conditions,
exchange rates, legal provisions, market conditions, activities by competitors, and other factors which are outside the company’s con-
trol.
Rieter Group . Semi-Annual Report 2024 . Financial Calendar 15

FINANCIAL CALENDAR

Investor Update 2024 October 23, 2024

Capital Market Day 2024 October 28, 2024

Publication of sales 2024 January 29, 2025

Deadline for proposals regarding the agenda of the


February 28, 2025
Annual General Meeting

Results press conference 2025 March 13, 2025

Annual General Meeting 2025 April 24, 2025

Semi-Annual Report 2025 July 18, 2025

Investor Update 2025 October 22, 2025


16 Rieter Group . Semi-Annual Report 2024 . Notes to the consolidated semi-annual financial statements

Rieter Holding Ltd. Group Communication Investor Relations


CH-8406 Winterthur T +41 52 208 70 45 T +41 52 208 70 15
T +41 52 208 71 71 F +41 52 208 70 60 F +41 52 208 70 60
F +41 52 208 70 60 [email protected] [email protected]

www.rieter.com

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