Short staple fiber spinning: Rieter with increase in sales

Rieter, the Swiss specialist in systems for short staple fiber spinning, reports a 22.2% increase in sales to 758.2 million CHF (778.4 million EUR) for the first half of 2023, while profit (EBIT) rose to 25.2 CHF, following a loss of -10.2 million CHF in the same period of the previous year. On the other hand, order intake weakened significantly with a minus of 62.6% in the first half of 2023. Order intake in almost all regions was characterised by a reluctance to invest in new machines. Order intake in almost all regions was characterized by the reluctance to invest in new machines. Only in China did order intake increase due to investments by spinning mills in improving their local competitiveness.

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