Rieter Holding AG (0QKA) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

thank you and good morning ladies and gentlemen a warm welcome also from my side this is the agenda we will briefly look at the key messages deep dive into the current trading results review the status of the planned bar mark acquisition and provide an update on our strategy execution and close with the outlook before we look into the details let me say a word about the current environment The market situation continues to be characterized by investment restraint due to trade policy uncertainty in key markets. Although Rieta registered growing interest for new machine projects, many requests did not yet lead to binding orders intake as customers postponed their investment decisions until the 2026 financial year. Lower volumes in the machinery business and the associated weak demand for installation services, along with cost-saving measures by customers, are delaying the conversion of orders into sales. And they're also waiting on the earnings of the after-sales and component divisions. So now to the key messages on slide number four. Let's start with the green boxes on the left. Order intake at 559 million Swiss banks was only 11% lower than the prior year period. However, if we exclude the exceptionally high purchase order of our Chinese customer, DIW, in the financial year 2024, order intake in the first nine months of 2025 was 11% higher than previous year. The improvement was driven by a strong third quarter in 2025. Sales at 458 million Swiss francs were 22% below the prior year period. Maybe a word on orders above sales. Longer book to bill cycles can be observed in the after sales business in particular. And on the blue boxes, as mentioned, the market outlook remains challenging. This is also why we continue to relentlessly push performance improvements across...