Rieter Holding AG (RTRZY) Q2 2026 Earnings Call Transcript

Rieter Holding AG (RTRZY) Q2 2026 Earnings Call July 17, 2026 3:00 AM EDTCompany ParticipantsThomas Oetterli - CEO & Chairman of the BoardOliver Streuli...

Company Participants Thomas Oetterli - CEO & Chairman of the Board Oliver Streuli - Chief Financial Officer Conference Call Participants Amira Manai - ODDO BHF Corporate & Markets, Research Division Tobias Klöpper - Zürcher Kantonalbank, Research Division Leonie Zirn - UBS Investment Bank, Research Division Presentation Operator Ladies and gentlemen, welcome to the Half Year 2026 Results Conference Call and Live Webcast. I am Matilda, the Chorus Call operator. [Operator Instructions]

The conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Thomas Oetterli, CEO. Please go ahead, sir. Thomas Oetterli CEO & Chairman of the Board Thank you, and good morning, ladies and gentlemen.

A warm welcome from my side. Thank you for joining us today to review Rieter's half year 2026 performance and discuss the strategic path ahead. The picture you see on the title slide is a man-made fiber mill, and this represents the new potential of our Barmag portfolio.

I will outline the key messages, review the market and then discuss the progress of the integration of Barmag. I will then hand over to Oliver for a deep dive into the financials and the outlook. And last but not least, we then have the Q&A session.

Now let me start with the key takeaways. Besides still challenging market conditions, the first half of 2026 was marked by the historical milestone for Rieter, the successful completion of the largest acquisition in the company's history. With the addition of the Man-Made Fiber Division, Rieter has entered the attractive and fast-growing market segment for man-made fibers, while at the same time, significantly strengthening our position in Asia.

The integration itself