• Sale of real estate to GERCHGROUP AG
  • Completion of the transaction in the third quarter of 2019
  • Extraordinary profit contribution of around 60 million euros expected in 2019Rieter sells its real estate in

Ingolstadt (Germany) to GERCHGROUP AG of Düsseldorf (Germany). The respective purchase agreement was notarized today. As a result of the sale, the Rieter Group anticipates an extraordinary profit contribution after taxes of around 60 million euros in 2019. Rieter expects to close the transaction in the third quarter of 2019.
The employees remaining in Ingolstadt will move into a new building in the second half of 2021. Rieter thus creates a modern working environment for innovative research and development work and the respective support functions.

For further information please contact:

Rieter Holding Ltd.
Investor Relations
Joris Gröflin
Chief Financial Officer
T +41 52 208 70 15
F +41 52 208 70 60
Rieter Management Ltd.
Media Relations
Relindis Wieser Head Group Communications
T +41 52 208 70 45
F +41 52 208 70 60