Order intake continued to recover in Q4/2020
The Business Group (BG) Machines & Systems was particularly hard hit by the effects of the pandemic, with a decline of 35% to CHF 363.9 million. The BGs Components and After Sales each recorded a 24% reduction in order intake.
The exceptional market situation in 2020 gave rise to a significant decline in sales in all 3 BGs to CHF 573.0 million (-25%). In the 2020 financial year, Rieter anticipates an EBIT margin of around -15% (2019: 11.2%).
With the exception of Turkey, all regions were affected by the low demand as a consequence of the corona pandemic. In Turkey, thanks to the innovative range of products and services, Rieter benefited from customers’ willingness to invest in the year under review, increasing sales by 83% to CHF 122.0 million.