6.1 Changes in Group structure

In 2024, the subsidiary Rieter Management AG (Winterthur, Switzerland) was merged with Maschinenfabrik Rieter AG (Winterthur, Switzerland), which in turn changed its name to Rieter Ltd. (Winterthur, Switzerland). Moreover, the subsidiary Hogra Holding AG (Freienbach, Switzerland) was merged with Tefina Holding-Gesellschaft AG (Zug, Switzerland). Furthermore, Rieter Ingolstadt GmbH (Ingolstadt, Germany) was merged with Spindelfabrik Suessen GmbH (Suessen, Germany). Additionally, Rieter acquired Petit Spare Parts SAS (Aubenas, France, see note 2.1). As part of a reorganization, Changzhou Rieter Textile Machinery Trading Co., Ltd. (Changzhou, China) was incorporated as a subsidiary of Rieter China Textile Instruments Co. Ltd. (Changzhou, China). Rieter also increased its interest in voting rights in Prosino S.r.l. (Borgosesia, Italy) from 49 percent to 60 percent, changing from equity accounting to full consolidation (see note 2.1).

In 2023, Rieter transferred the entire business in Uzbekistan from Rieter Uzbekistan FE LLC (Tashkent, Uzbekistan) to the newly established and wholly owned subsidiary Rieter Textilsystemen LLC (Tashkent, Uzbekistan). Following an increase in share capital fully financed by an external investor, Rieter lost control of Rieter Uzbekistan FE LLC and therefore deconsolidated this subsidiary in 2023. The change in Group structure did not have a significant impact on the consolidated financial statements 2023. Furthermore, SSM Giudici S.r.l. (Galbiate, Italy) changed its name to SSM Italy S.r.l. (Galbiate, Italy).