WINTERTHUR, Switzerland — January 29, 2025 — At 725.5 million Swiss francs ($800 million), order intake was significantly higher than in the same period of the previous year (2023: 541.8 million Swiss francs ($598 million)), representing an increase of 34 percent. This was the fourth consecutive quarter of year-on-year growth. As expected, the Rieter Group ended financial year 2024 with lower sales than in the previous year.
According to preliminary, unaudited figures, total sales amounted to 859.1 million Swiss francs ($948 million), which is around 39 percent down on the previous year (2023: 1,418.6 million Swiss francs ($1,565 million)). For the full year 2024, Rieter expects an EBIT margin in the upper half of the guidance range of 2 percent to 4 percent communicated in October 2024 (2023: 7.2 percent).
Order intake
Order intake in 2024 was 34 percent higher than in the previous year at 725.5 million Swiss francs (2023: 541.8 million Swiss francs). Rieter thus succeeded in strengthening its competitive position in a challenging market environment. Compared with the previous year, there were signs of an initial market recovery.
Sales by division
The Machines & Systems Division posted sales of 424.9 million Swiss francs ($469 million), a decrease of 56% compared with the previous year (2023: 965.0 million Swiss francs ($1,065 million)). In the Components Division, sales declined to 247.6 million Swiss francs ($273 million), down 7 percent from the same period of the previous year (2023: 266.2 million Swiss francs ($294 million)). The After Sales Division reported sales of 186.6 million Swiss francs ($206 million), comparable to the previous year (2023: 187.4 million Swiss francs ($207 million)).
Order backlog
At the end of 2024, the company had an order backlog of about 530 million Swiss francs ($585 million) (December 31, 2023: 650 million Swiss francs ($717 million)).
EBIT margin
Rieter successfully implemented the measures of the “Next Level” performance program. Despite significantly lower sales, a solid EBIT margin is expected in the upper half of the 2 percent to 4 percent guidance range, as communicated in October 2024.
Modern softlines supply chains are complex, spanning multiple international borders and involving numerous stakeholders. Effective management requires transparency and traceability across all tiers to ensure efficiency while meeting rapidly evolving regulations. Without visibility, brands face significant risks of non-compliance, fines, loss of goods and potential reputational damage.
The softlines industry is undergoing a significant transformation driven by evolving consumer and regulatory expectations. While safety, quality, performance and aesthetics remain foundational, a growing demand for sustainability now exists. Consumers increasingly prioritize purchasing from brands with products that are transparent about safety, durability and environmental responsibility. Brands that build their reputation on meeting these standards are seeing growth in their market share.
Reputation is crucial to earning consumer trust, with 75 percent of customers citing word-of-mouth as a key influence in purchasing decisions.1 A strong brand recognition for quality and sustainability can boost sales, while a poor reputation risks eroding consumer confidence and reducing market share.
At the same time, governments are transitioning toward circular economies. The traditional linear ‘take-make-waste’ model requires significant resources and generates excessive waste, which is unsustainable. Authorities in France and the EU are responding with initiatives like France’s Anti-Waste Law for a Circular Economy (AGEC) and the EU’s New Circular Economy Action Plan (CEAN). A circular economic model focuses on designing for longevity, using, reusing and recycling, reducing our reliance on virgin materials and minimizing waste.
Barriers In A Supply Chain
Historically, many brands have prioritized visibility in Tiers 1 and 2 of their supply chains, focusing primarily on ensuring that operators in these tiers adhere to environmental and social standards. Maintaining oversight beyond these tiers was complicated, time-consuming and often deemed impractical.
This limited level of visibility is no longer sufficient. New regulations, such as the EU’s Due Diligence Directive, Digital Product Passport (DPP), and the US New York Fashion Sustainability and Social Accountability Act, increasingly demand comprehensive oversight, transparency and traceability. Additionally, customs requirements around raw material origins are being implemented to enforce this shift. These frameworks align with corporate commitments to sustainability, transparency, authenticity and public trust.
Achieving these goals and ensuring compliance requires full and effective transparency across the entire supply chain, from raw materials to the final product. However, challenges persist, including the sheer number of operators, supply chain complexity, and a lack of expertise and tools for traceability. The costs of achieving comprehensive oversight can be significant, and collecting reliable data at scale is often difficult. Additionally, to meet requirements like the DPP, all collected data must be verified.
To overcome these challenges, brands must ask the right questions and deploy the right solutions to find the answers.
SGS SMART – The One-Stop Platform For Supply Chain Management
SGS SMART simplifies the management of product testing and inspections through a single, customer-focused platform that provides brands with complete control over testing parameters and laboratory selection, no matter where their supply chain operates globally. Real-time tracking of sample progress enables faster, better-informed decision-making, while advanced analytics offer deep insights into product and supplier performance, driving continuous supply chain improvements.
Modules for textile, garment and footwear supply chains, include:
SGS SMART Cares is a digital supply chain platform that focuses on chemical management, supporting the management of raw material records, chemical inventories and monthly consumption records. For Zero Discharge of Hazardous Chemicals (ZDHC) members, it also supports the generation of the ZDHC Performance InCheck Report;
SGS SMART Source provides brands with end-to-end transparency. Utilizing its cloud-based digital platform, they can collect, record, query and share traceability data, reducing sustainability risks from all tiers of the supply chain;
SGS SMART Knowledge keeps businesses updated with industry, market and regulatory developments; and
SGS SMART recall case module offers comprehensive analysis of the reasons behind product recalls across major markets and categories. This interactive tool provides detailed insights, with visually engaging horizontal comparisons across countries and regions.
This suite of modules for softlines provides a powerful combination of traceability and analytics to address key industry challenges, delivering unmatched functionality and market insights. SGS SMART Source delivers unparalleled supply chain visibility, while SGS SMART Cares integrates advanced features such as chemical ingredient screening against customized restricted substances lists (RSLs) and comprehensive analytics for wastewater and supply chain performance. These capabilities provide a transformative advantage, particularly in the critical area of chemical ingredient screening.
FRANKFURT, Germany & LONDON — January 28, 2025 — Trident Group, a $2 billion global home textile manufacturer, is set to expand its presence and growth in the more than 13 billion euro EU home textile market, with a focus on sustainable bed and bath linens. The company showcased an expansive range of its latest collections at Heimtextil 2025, the largest international trade fair for home and contract textiles.
India’s Minister of Textiles, Shri Giriraj Singh, visits Trident’s pavilion at Heimtextil 2025. PRNewsfoto -Trident Group
“The European market for home textiles stands at approximately 13 billion euros, and our current export contribution from the EU is around 5.37 percent, out of total 60 percent overseas exports. This presents a huge opportunity for us to unlock the potential of this market and increase our share in the future. Our participation in Heimtextil, largest gathering of European Home Textile customers – is a significant step in this direction, as we showcase our latest sustainable bed and bath linen collections to EU retailers and consumers,” said Samir Joshipura, Group CEO of Trident Ltd.
Trident Group’s Heimtextil presentation, themed ‘Sustainability in Focus’, highlighted bedding and bath collections that blend traditional craftsmanship, modern design, and sustainable innovation. The event also marked Trident’s expansion into sustainable product development, featuring a portfolio of eco-friendly products designed to meet the evolving needs of diverse customer segments.
The bath linen collection features a range of themes, including Solid Theme with categories such as Ever Eco, Performance, Signature Select, Exclusive Trident, Melange, and Be Our Guest. The Fashion Theme includes categories like Plantopia, William Morris (Inspired by William Morris designs), Be Our Guest, Subtle Accents, and Melange. The company also offers a kids’ collection called Moon & Back and a beach collection. The sheeting collection comprises several brands, including ECRU COLLECTIVE, BE OUR GUEST, EVERECO, MELANGE, and EXCLUSIVELY TRIDENT.
Trident Group has earned prestigious accreditations, including the TQM initiative by American Society for Quality (ASQ), NABL accreditation for its quality lab, and Intertek certification for its bath linen business, demonstrating its commitment to delivering premium and high-quality products. These accreditations underscore Trident’s focus on quality and innovation, driving trust with EU retailers and consumers.
Trident Limited is an Indian (BSE listed) global player – vertically integrated Textile (Yarn, Bath & Bed Linen) Paper (Wheat Straw-based) and Chemical manufacturer.
BROOKLYN, N.Y. — January 28, 2025 — LOOMIA, a developer of electronic textiles and flexible electronics, and Advanced Functional Fabrics of America (AFFOA), a non-profit Manufacturing USA Institute driving fabric-based innovation in the United States, are proud to introduce the Gentoo Heater.
Engineered to perform in ultra-cold environments, the Gentoo Flexible Heater is a thermoplastic polyurethane (TPU)-based resistive heater that maintains optimal performance even at temperatures as low as -60°C. Designed for seamless integration into textiles, this heater combines comfort, breathability, and stretchability with reliability in extreme conditions. When laminated to a textile, this heating element makes a robust heating fabric.
“Helping LOOMIA and other companies shorten their time to market is the purpose of the Product Accelerator for Functional Fabrics (PAFF) program. Heating technology like the Gentoo Heater will play a major role in the future of high-performance textiles to protect Warfighters and civilians in extreme temperatures,” shared Sasha Stolyarov, AFFOA’s CEO.
LOOMIA and AFFOA have a history of collaborating on innovative textile solutions. In a previous collaboration, they partnered to develop a novel and highly tactile, heated handwear solution designed for both commercial/recreational and military applications. For this project, LOOMIA provided its advanced e-textile technology to be used in a heated glove insert, while AFFOA led customer discovery efforts, producing over 10 prototypes, delivered system architecture designs, and produced an interface control unit.
The Gentoo Heater is an innovative development in textile heating technology, designed to perform in cold environments with temperatures as low as -60°C. Its selective TPU placement allows for breathability when laminated onto knit or woven textiles, while its 4-way stretch capability ensures easy integration into garments, offering both flexibility and comfort. The Gentoo Flexible Heater can also be laminated into trims or fabrics of choice, making it suitable for diverse applications. The Gentoo Flexible Heater has demonstrated consistent performance after 20 wash cycles, with only a ~10 percent resistance change under delicate settings and hang drying. It is robust and highly customizable for various industries, from outdoor gear to specialized applications requiring ultra-cold performance.
LOOMIA and AFFOA will host a webinar this February 19 to introduce the Gentoo Heater. The event will feature LOOMIA’s CEO, Madison Maxey, speaking about the advanced technology behind the Gentoo Flexible Heater. The webinar will also cover data from thermal chamber testing and explore real-world applications in ultra-cold settings.
Posted: January 28, 2025
Source: Advanced Functional Fabrics of America (AFFOA)
TORONTO — January 28, 2025 — Canada Goose has announced Judit Bankus as senior vice president of Merchandising. Judit will play a key role in shaping the brand’s product roadmap through a lens of sustainability and innovation, to support the company’s long-term growth.
Judit Bankus
Reporting to Carrie Baker, president, Brand & Commercial, Judit will oversee the development and execution of global merchandising and pricing strategies, guiding the expansion across both existing and emerging product categories. She will collaborate closely with Creative Director Haider Ackermann to bring his creative vision to life, fueling continued commercial success.
“With a skillful balance of the art and science behind merchandising success, a strong entrepreneurial drive, and wealth of luxury experience, Judit is the perfect fit to lead this important function during this next phase of growth,” Baker said. “Judit’s appointment marks a significant part of strengthening our focus on ensuring our expanding offering continues to excite and engage people around the world.”
Judit brings nearly 20 years of experience in international luxury fashion, most recently as chief merchandising officer at Stella McCartney, overseeing all product categories. Prior to that, she spent eight years at Burberry, contributing to global initiatives and serving as Global Merchandising director under the leadership of Christopher Bailey and Riccardo Tisci. Judit also played a pivotal role in the founding of the Karl Lagerfeld brand.
“I have long admired Canada Goose and thrilled to join at such an exciting time of growth and momentum,” said Bankus. “With so much opportunity ahead, I look forward to working closely with our teams to deliver meaningful products for our consumers and push the brand forward in bold, new ways.”
CUYAHOGA FALLS, Ohio — January 27, 2025 — Americhem Inc. has announced the opening of a new research and development center in Silvassa, India. This new facility, located at Olive Industrial Park, will enhance Americhem’s ability to provide faster and more localized service to customers throughout India and Southeast Asia. The 4000-square-foot center will offer specialized testing services for masterbatch color development, particularly for melt spinning and textile manufacturing customers. Additionally, it will provide field and technical services to support customer-specific requirements.
S. Mani, managing director for India and Southeast Asia. Photo – Business Wire
The new laboratory aims to help Americhem expand into new markets and areas of business by offering enhanced capabilities for custom color matching and faster response times. This will attract new customers and industries that prioritize speed and efficiency in their supply chain.
S. Mani, managing director for India and Southeast Asia, emphasized the company’s long-term commitment to the region. “This investment demonstrates Americhem’s dedication to fostering innovation, expanding capabilities, and supporting customers as they grow alongside these dynamic markets,” Mani said.
Toshan Simaiya, Americhem’s Operations director for India, highlighted the benefits of the new center, noting that it will allow the company to be closer to customers, provide nimble support, faster color development, and enable real-time communication and approvals. The center will be led by Sandeep Bhamare, head of R&D – Fibers for Americhem’s India, who will ensure smooth collaboration between Americhem’s Pune site and the new facility. Krunal Bodne, head of Sales and Marketing Textiles/Fibers, emphasized the benefits for customers, stating that they are welcome to the lab to get the match done on the same day, enabling speed to market.
The research and development center began operations in late 2024 and is strategically situated just 5 km from Bhilad Highway NH-48, with future access to the Mumbai-Delhi Expressway.
HERNING, Denmark — January 28, 2025 — Trimco Group, a global supplier of brand identity products for international fashion and sports brands, has acquired Nexgen Packaging, which supplies brand identity and packaging solutions to a portfolio of specialty retailer, apparel, and footwear brands globally.
The transaction is Trimco’s third acquisition since Brookfield took over the company in 2022. It has also acquired Wah Lung in Canada and Zabin in the US in 2023. All of the three acquisitions are in North America and together significantly enhanced Trimco’s presence in the region. Nexgen Packaging has a capable and experienced management team with long proven track record and will continue to manage the business going forward under its current CEO Jim Welch.
The combined operation will have an extensive global footprint in 27 countries covering Asia, North and Central America, Europe, and Africa. The acquisition will allow the two companies to integrate their global sales and manufacturing network, extend Trimco Group’s ProductDNA® platform (ESG and label compliance data management solutions) to more US brands, and offer elevated solutions to global customers.
Trimco Chairman and Brookfield Private Equity Managing Partner Alex Yang said: “Under Brookfield’s ownership and utilizing its operational expertise, Trimco has demonstrated how a pan-Asian business can become a truly global player. Our revenues are now split evenly among US, Europe and Asia. In addition to closing three value-accretive bolt-on acquisitions, we have also undertaken significant work with Trimco’s management team to optimize the business process and infrastructure, which positions Trimco better for further growth and expansion.”
“This is a unique opportunity for Trimco to accelerate our growth in the U.S. market. We are very excited to join forces with the Nexgen teams to amplify our growth strategy and bring our world-leading IT solutions and sustainability product offerings to more brands” said Amy Wan, CEO of Trimco Group.
“We are very excited that Nexgen Packaging is now part of Trimco Group. Nexgen and Trimco share very similar strategies and are largely complementary to one another. We recognize that customers in the retail, apparel and footwear industries will benefit from this combination.” said Jim Welch, CEO of Nexgen Packaging.
DANVILLE, Va. — January 28, 2025 — Circ®, a U.S.-based textile-to-textile recycling innovator, announced the launch of Fiber Club, in partnership with sustainable innovation platform, Fashion for Good, and forest conservation non-profit, Canopy. Fiber Club is a collaborative initiative that enables brands to validate and adopt recycled materials through a structured four-phase process that spans sampling, pilot collections, and crucial long-term off-take commitments.
The inaugural fiber for Fiber Club is Circ’s staple lyocell fiber, with plans to incorporate more Circ materials in the future. Often, piloting a new fiber into existing supply chains requires certain minimum volumes and investment and it can be costly and complex. Fiber Club aims to overcome these challenges by providing brands with a platform to engage in testing and adoption simultaneously, streamlining the suppliers engaged, and reducing minimum order quantities by combining brand volumes — all resulting in reduced costs.
With Fiber Club, Circ is setting a new standard for sustainability in fashion, building the first-ever roadmap for scaling circular materials. This pioneering initiative will advance Next Gen material adoption by simplifying supply chain integration, establishing bulk pricing frameworks, and facilitating brands’ access to Next Gen materials to make large-scale adoption more accessible and affordable.
Designed to drive seamless integration into commercial-scale production and foster lasting partnerships, the inaugural organizations within Fiber Club include supply chain partners Birla Cellulose, Foshan Chicley, and Arvind, and brand partners Bestseller, Eileen Fisher, Everlane, and Zalando. Of the three supply chain partners doing pilot development for these brands, Birla Cellulose will produce lyocell staple fiber from Circ’s pulp made from polycotton textile waste, and Arvind and Foshan Chicley will produce textile fabrications. Collaboration with these value chain partners on pilot quantities is essential to getting material off the ground. The brands will then nominate a garment manufacturer to take the innovative fabric through to products available to purchase.
Unlike one-off initiatives, Fiber Club is a forward-thinking program committed to long-term impact. The Fiber Club concept, via Circ, Fashion for Good, and Canopy, may be utilized by other innovative Next Gen material producers to scale their products as well — Circ is just the beginning. With Circ’s Lyocell staple fiber being the inaugural focus, together we are marking the first step towards revolutionizing the availability of scalable, sustainable textile solutions.
Peter Majeranowski, CEO of Circ
“Fiber Club represents the future of textile recycling and circularity,” said Peter Majeranowski, CEO of Circ. “By collaborating with brands and streamlining supply chain integration, we’re making it easier than ever to adopt recycled and Next Gen materials at scale—starting with our Circ Lyocell.”
“For BESTSELLER to effectively meet our material goals, we need to work toward establishing continuous access to these new resources,” said Alexander Granberg, Materials manager – Recycling & Innovation at BESTSELLER. “That means we must be pragmatic, embracing cross-industry collaboration to drive these ambitions and ultimately achieve impactful change.”
“At EILEEN FISHER, we’re thrilled to join Fiber Club, a powerful initiative driving collaboration and innovation to transform the fashion industry and increase the rate of adoption of preferred innovative materials — especially those that help tackle the textile waste crisis,” said Inka Apter, director of Material Sustainability & Integrity at Eileen Fisher. “By addressing key challenges like supplier engagement, competitive pricing, and fiber availability, Fiber Club accelerates the adoption of groundbreaking materials like Circ’s staple lyocell. This plug-and-play solution integrates seamlessly into trusted supply chains, making it easier for brands like ours to embrace sustainable innovations. Fiber Club exemplifies the strength of collective action in tackling the textile waste crisis and scaling the use of preferred, innovative materials. EILEEN FISHER is proud to support these efforts.”
“At Everlane, we are committed to leaving the fashion industry cleaner than we found it,” said Katina Boutis, director of Sustainability at Everlane. “We understand that this is not something we can do alone, and so we’re dedicated to working collaboratively across the value chain to scale innovative next-gen materials like Circ Lyocell. We are so excited to be part of Fiber Club, a novel pre-competitive approach that will leverage our collective power in pursuit of a more circular industry.”
“As a long-standing partner of Fashion for Good and an investor in Circ, Zalando is proud to join this transformative initiative,” added Pascal Brun, vice president, Sustainability and D&I. “We view the Fiber Club not only as vital to scale up next generation materials for our own brands, but also to tackle the systemic challenges that we face at an industry level, that are key to unlocking scale and enabling a more circular future for fashion.”
ST. GALLEN, Switzerland — January 28, 2025 — With news headlines like “Fast Fashion is Made with Alarmingly High Amounts of ToxicChemicals” (Business Insider) the textile industry continues to be under intense scrutiny as revelations about the widespread use of hazardous chemicals highlight significant risks to human health and the environment. Recently released reports expose alarmingly high levels of toxic substances such as PFAS, phthalates, lead, and cadmium in clothing — ranging from children’s garments to activewear, raising urgent concerns about consumer safety and environmental impact.
Celebrating its 25th year in progressing the clean chemical movement across fashion, bluesign®, a key brand within SGS’s sustainability portfolio, has been an industry leader in chemical management, environmental management and resource optimization for the textile industry. Leveraging SGS’s global network and proven leadership in sustainability and digital trust, bluesign combines scientific excellence with innovative and actionable solutions to address the textile industry’s most pressing challenges.
Addressing Today’s Challenges with bluesign Solutions
With more than 800 partners globally from household name brands to manufacturers and chemical makers, the bluesign SYSTEM focuses on clean chemistry, clean manufacturing, and clean products to ensure worker safety, consumer safety, and reduced adverse environmental impact.
A key component of the system is its proactive approach to chemical change management. By working directly with chemical suppliers, textile manufacturers, brands, and retailers, bluesign sets stringent criteria to eliminate carcinogenic, mutagenic, and toxic-for-reproduction (CMR) substances, while providing more sustainable alternatives. This not only ensures the safety of workers exposed to these chemicals during textile manufacturing but also enables brands to deliver textile materials and products that are safer for their consumers to enjoy.
Additionally, the bluesign SYSTEM minimizes resource consumption by optimizing water, energy, and chemical usage, with tailored action plans to minimize this consumption, leading to a significant reduction in environmental impact.
By focusing on delivering measurable sustainability outcomes using a collective approach powered by decades of expertise, bluesign® reinforces its commitment to driving tangible progress in protecting human health, the environment, and natural resources.
A Call for Action
As consumer awareness of toxic chemicals in textiles grows, the demand for transparency and accountability in the industry has never been stronger. bluesign®, a trailblazer, stands as a beacon of trust, innovation, and responsibility, proving that safer and more sustainable textiles are not just possible—they are essential.
Daniel Rüfenacht, CEO of bluesign®, emphasizes the importance of proactive industry transformation:
“The textile industry stands at a critical crossroads. For 25 years, we have been setting and evolving rigorous standards by successfully empowering chemical suppliers, textile manufacturers, and brands to adopt safer, more sustainable practices. In collaborating with stakeholders across the value chain, we are shaping the future of textile production, proving that innovation and responsibility go hand in hand, and creating lasting value for people and the planet.”
NORWALK, Conn. — January 28, 2025 — The spring edition of Functional Fabric Fair, powered by PERFORMANCE DAYS®, has opened registration for its upcoming show taking place April 14-16, 2025, at the Oregon Convention Center in Portland, Ore. The expanded event will feature an enhanced focus on sustainability and certifications, beginning with the Day 0 Sustainability Workshop, followed by two days of exhibit hall and Expert Talks educational programming.
Functional Fabric Fair Spring 2025 programming includes:
This year’s focus topic, “Certifications: Which ones matter?” will address crucial industry developments including the EU Green Deal, upcoming Green Claims Directive, and Textile Exchange Material Matters unified standard. The program aims to facilitate dialogue around practical implementation of sustainability standards and certification processes in the textile industry.
The return of Day 0 Sustainability Workshop taking place on Monday, April 14, opening the day before the exhibit hall opens, and will bring together industry leaders and sustainability practitioners facilitated by Jill Dumain of Fractal CSOs for:
Pragmatic approaches to foundational topics;
Latest field developments and updates;
Real-world case studies;
Round table discussions; and
Interactive activities.
The Exhibit Hall will open Tuesday, April 15 from 9:00 a.m. until 6:00 p.m. and Wednesday, April 16 from 9:00 a.m. until 5:00 p.m. featuring more tha 300 sustainable-certified suppliers that will showcase functional fabrics, finishes, trims, accessories and the newest innovations for the 2026/2027 spring/summer seasons. In addition to the highly curated product and brand sourcing opportunities, the main exhibition will offer:
“Expert Talks” daily educational sessions;
Live demonstrations;
Networking lounges; and
Happy hours, events and more.
“Functional Fabric Fair is the most vetted sourcing destination for sustainable outdoor, lifestyle, performance and activewear textiles. As we explore our 2025 theme ‘Certifications: Which ones matter?’ we’re creating the definitive space where the future of performance fabrics is shaped — there is no other event in North America” that compares,” says Steve McCullough, Event Director of Functional Fabric Fair. “With new regulations in the United States and European Union reshaping our entire industry, attendees will have the unique opportunity to not only explore the latest cutting-edge and trend-forward materials and innovations, but also gain crucial insights into navigating the certification landscape in 2025 and beyond.”
The trade-only event is free for verified designers, product developers, purchasing agents, material managers and students in the outdoor, performance and lifestyle apparel sectors. The Day 0 Sustainability Workshop requires separate registration and has limited seating availability.
WINTERTHUR, Switzerland — January 29, 2025 — At 725.5 million Swiss francs ($800 million), order intake was significantly higher than in the same period of the previous year (2023: 541.8 million Swiss francs ($598 million)), representing an increase of 34 percent. This was the fourth consecutive quarter of year-on-year growth. As expected, the Rieter Group ended financial year 2024 with lower sales than in the previous year.
