3.1 Segment performance
Segment information is based on the Group’s organization and management structure and internal financial reporting to the Chief Operating Decision Maker up to the level of EBIT. The Chief Operating Decision Maker at Rieter is the Chief Executive Officer. Segment reporting is based on the same accounting policies as those used for the preparation of the consolidated financial statements. The Group consists of three reportable segments: Machines & Systems, Components and After Sales. There is no aggregation of operating segments. Rieter Machines & Systems develops, produces and distributes machinery and systems used to convert natural and man-made fibers and their blends into yarns. Rieter Components supplies technology components to spinning mills and to textile machinery manufacturers as well as precision winding machines. Rieter After Sales serves customers with spare parts, value-adding after sales services and solutions over the entire product life cycle.
Segment information 2024 | ||||
CHF million | Machines & Systems | Components | After Sales | Total reportable segments |
|---|---|---|---|---|
Total segment sales | 424.9 | 303.0 | 186.6 | 914.5 |
Inter-segment sales | 0.0 | 55.4 | 0.0 | 55.4 |
Sales | 424.9 | 247.6 | 186.6 | 859.1 |
Operating result before interest, taxes, restructuring, and impairment | – 3.8 | 11.7 | 32.9 | 40.8 |
Operating result before interest and taxes (EBIT) | – 8.4 | 11.3 | 32.3 | 35.2 |
Purchase of property, plant, and equipment, and intangible assets | 4.0 | 9.7 | 0.9 | 14.6 |
Depreciation, amortization, and impairment | 13.2 | 25.5 | 3.1 | 41.8 |
Segment information 2023 | ||||
CHF million | Machines & Systems | Components | After Sales | Total reportable segments |
|---|---|---|---|---|
Total segment sales | 965.0 | 383.6 | 187.4 | 1 536.0 |
Inter-segment sales | 0.0 | 117.4 | 0.0 | 117.4 |
Sales | 965.0 | 266.2 | 187.4 | 1 418.6 |
Operating result before interest, taxes, restructuring, and impairment | 23.5 | 23.7 | 35.1 | 82.3 |
Operating result before interest and taxes (EBIT) | – 3.1 | 19.2 | 29.0 | 45.1 |
Purchase of property, plant, and equipment, and intangible assets | 9.7 | 14.9 | 1.3 | 25.9 |
Depreciation, amortization, and impairment | 15.6 | 25.4 | 3.5 | 44.5 |
Reconciliation of segment results | ||
CHF million | 2023 | 2024 |
|---|---|---|
Operating result before interest and taxes (EBIT) of reportable segments | 45.1 | 35.2 |
Gain on disposal of land and buildings in Winterthur1 | 72.5 | – |
Restructuring costs and impairment losses which are not allocated to reportable segments2 | – 17.4 | – 0.2 |
Share in profit of associated companies3 | 3.1 | 2.9 |
Other result that is not allocated to reportable segments | 1.5 | – 9.9 |
Operating result before interest and taxes (EBIT), Group | 104.8 | 28.0 |
Financial income | 1.8 | 2.0 |
Financial expenses | – 16.0 | – 13.5 |
Profit before taxes | 90.6 | 16.5 |
The other result that is not allocated to reportable segments includes all those elements of income and expenses that are not allocated on a reasonable basis to the segments, such as certain costs of central functions and infrastructure (internally reported as “Corporate”) as well as the elimination of unrealized profits on inter-segment deliveries.
Sales and non-current assets by country | ||||
CHF million | Sales 20231 | Sales 20241 | Non-current assets 20232 | Non-current assets 20242 |
|---|---|---|---|---|
Switzerland (domicile of Rieter Holding Ltd.) | 8.8 | 5.1 | 118.6 | 144.1 |
Foreign countries | 1 409.8 | 854.0 | 411.2 | 415.3 |
Group | 1 418.6 | 859.1 | 529.8 | 559.4 |
The following countries accounted for more than 10% of sales or non-current assets: | ||||
Switzerland (domicile of Rieter Holding Ltd.) | 8.8 | 5.1 | 118.6 | 144.1 |
China | 188.0 | 172.8 | 30.8 | 28.7 |
Germany | 32.6 | 17.1 | 293.9 | 294.2 |
India | 224.5 | 121.2 | 16.6 | 13.7 |
Türkiye | 221.3 | 158.9 | 0.8 | 1.7 |
1By location of customer.
2Property, plant, and equipment, intangible assets, and goodwill by country of location.
No individual customer accounted for more than 10 percent of consolidated sales in 2024 and 2023. The greatest granularity available for products and product groups is segment level, which is reflected in the segment reporting shown above.