Statutory auditors

Duration of mandate and term of office of the lead auditor

KPMG AG, Zurich (Switzerland), has been appointed statutory auditor of Rieter Holding Ltd. and the Rieter Group since 2023. The statutory auditors are elected at the Annual General Meeting each year on a motion proposed by the Board of Directors. Roman Wenk has served as lead auditor for the mandate since the 2023 financial year.

Auditing fees

In the 2024 financial year, KPMG and other auditors charged the Rieter Group approximately CHF 0.9 million and CHF 0.1 million, respectively, for services in connection with auditing of the annual financial statements of the Group companies and Rieter’s consolidated financial statements.

Additional fees

Additional consulting fees invoiced by the statutory auditors in 2024 amounted to less than CHF 0.1 million and mainly concerned consulting services related to reporting on non-financial matters and taxes.

Supervisory and monitoring instruments vis-à-vis the auditors

The Audit Committee of the Board of Directors discusses the audit plan, the audit focus, the audit schedule and the audit results with the auditors on an annual basis. The Audit Committee of the Board of Directors annually assesses the performance, remuneration and independence of the auditors and submits a proposal for the election of the auditors to the annual general meeting. Further information on auditing is published here.