Spinning Mills Capacity Utilization

Outlook 2024 with Sales of around CHF 1 billion RIETER - - Markets remain under pressure from the economic slowdown, high inflation rates and noticeably dampened consumer sentiment. Customers are reluctant to place orders due to financing challenges. The first signs of a recovery in the 2024 financial year have emerged in the key markets of China and India. Rieter expects demand to increase in the coming months. For the full year 2024, Rieter anticipates sales in the region of CHF 1 billion and a positive EBIT margin of up to 4%. Results 2023. Media & Investor Presentation. March 13, 2024 Page 29

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