The gross margin is seen at 23%, the EBITDA margin at 10% and the net profit margin at 1%.
“ROCA Industry aims to achieve a turnover of RON655.4 million in 2024 through its subsidiaries, an increase of 54% compared to the consolidated result of 2023. This growth is based on the expansion of distribution channels, an increase in quantities sold, but also on the full inclusion in the consolidated financial statements of the companies that joined the holding company during 2023 (Electroplast’s performance was included in the financial statements for 2023 from July, Europlas’s performance was included from October, and Iranga’s performance was included from May, when BICO took over in full both companies, Workshop Doors was not included in the consolidation perimeter in 2023)”, the company said in its report.
Roca Industry reported for 2023 a combined turnover of RON554 million, up 8.2% from 2022, and net loss of RON12.8 million, and operating profit of RON32 million, with a margin of 5.8% of the turnover.
The company envisages total direct costs of RON503.6 million and indirect costs of RON86.4 million for 2024. Direct costs include all expenses involved in the production process of the subsidiaries (e.g. raw material costs, inventories variation, merchandise costs, personnel costs, etc.) and indirect costs include the holding company’s expenses.
ROCA Industry operates and implements its business strategy through its directly and indirectly owned subsidiaries: BICO INDUSTRIES, TERRA IMPEX, EUROPLAS LUX, IRANGA TECHNOLOGIJOS, EVOLOR, ECO EURO DOORS, DIAL, ELECTROPLAST and WORKSHOP DOORS. Roca Industry subsidiaries continue the process of retrofitting and investments in equipment, with the CAPEX (capital expenditure) for 2024 totaling RON46.4 million.
“ROCA Industry’s mission is to contribute to the reindustrialization of Romania, by adding to the holding company several medium-sized building materials companies (8-10 companies) that do not have access to the capital market or institutional investors to finance their development. Thus, through a structured transformational process, ROCA Industry aims to contribute to their efficiency and improved performance, aiming at regional leadership positions for the companies in its portfolio. whose value it aims to increase over time through the correct and consistent application of the right business strategies for each one,” Roca Industry also said in its report.
ROCA Industry debuted on March 11 on the Regulated Market of the Bucharest Stock Exchange under the stock symbol ROC1, following the transfer from the AeRO market. The company has a market value of RON212.4 million and its biggest shareholder is ROCA Investments. ROC1 shares have lost 8.2% so far in 2024, amid deals worth RON4.5 million, as per stock market data.