ROCA Industry reports combined revenues of almost RON 400 Mln in 2022

Deniza Cristian 01/03/2023 | 12:43

ROCA Industry, the first Romanian holding of construction materials companies, reports combined revenues of lei 388.1 million (almost EUR 80 million) at group level, according to the preliminary annual report for 2022. The combined revenues of the companies within ROCA Industry thus register a 24% increase compared to the same period of the previous year.


Resilient in the atypical market context, marked by the increase in raw material costs throughout the year, the companies in the ROCA Industry portfolio had the ability to incorporate most of the costs into the price of the sold products, thus the EBITDA stood at 11% in 2022. According to the preliminary report for 2022, the companies in the group achieved a combined EBITDA of lei 42.7 million, respectively a combined profit of lei 21.6 million.

“The 2022 results reconfirm Romania’s ability to develop regional industrial champions, under a high-performance holding management, which aims to put this giant that has been dormant for a long time – the country’s industry – on the European map. We are thus advancing to the next stage of development for ROCA Industry: the listing on the BSE main market in 2023, together with a share capital increase. Our target is to manage a group of companies with at least 10 high-performing factories, with a significant presence on the European markets and to reach a cumulative turnover of almost EUR 150 million at the end of 2023,” said Ionuț Bindea, Chairman of the Board and Chief Executive Officer of ROCA Industry.

Last year, all the companies in ROCA Industry achieved significant performances, registering increases between 14% and 40% in their turnovers.

“Our vision is to replicate at the level of the entire group portfolio the regional champion BICO model: this is already the largest producer in Central and Eastern Europe and it is approaching top 3 at European level,” the group’s representative highlights.

In a period marked by the highest inflation growth rate in Europe in the last 40 years and with a first conflict at Romania’s borders in the last 80 years, the holding`s 2022 performances registered on grounds of intense agility and resilience increase processes implemented at each company level, the holding`s high specialization, which allows improving operational performance, and also as a result of operations expansion through new mergers and acquisitions (M&As).

ROCA Industry, listed since January 2021 on the AeRO market of the Bucharest Stock Exchange under the symbol ROC1, owns, directly and indirectly, a number of 6 high performing companies in their specific sectors of activity: BICO Industries (the first and largest national producer of mesh fiberglass and the only domestic manufacturer of fiberglass fittings), Sarcom (one of the largest players in the paint and varnish industry), Eco Euro Doors (the largest Romanian manufacturer of doors for residential construction), Dial (producer of metal wire products), as well as fiberglass producers Terra and Europlas, owned through BICO Industries.

ROCA Investments, a brand founded by Impetum Group, is the majority shareholder of ROCA Industry. A private equity firm which acts as majority shareholder, ROCA Investments holds a proven expertise in taking over mid-sized entrepreneurial companies and transforming them into high performers in the strategic sectors in which they operate.

National and European Commission forecasts show that the construction sector will have a resilient behavior in 2023, followed by a longer-term growth curve in the next 3-5 years. The context is favorable, characterized by a real need for residential construction. The housing percentage, as compared to the population needs, is below the average of Western European states, the need for energy efficiency works, as well as for large infrastructure projects is high and also the period is characterized by other specific needs arising on the regional markets, in the recent geo-political developments context (such as the imminent reconstruction of Ukraine).

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Deniza Cristian | 09/03/2023 | 17:26

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