„The improvement in financial indicators was achieved despite a 38.5% increase in depreciation and amortization expenses (mainly due to new investments in expanding production capacity, operational efficiency improvements, and company acquisitions) and a 39.1% increase in financial losses compared to 9M 2023, driven by interest expenses on credit facilities used to finance acquisitions and additional credit facilities for financing investments and the ongoing operations of the companies,” reads the company’s report.
Turnover rose by 9% to RON517 million annually, while EBITDA increased by 48% to RON59.5 million.
The residential construction work index published by NIS shows a decline of over 23% in the first 8 months of 2024 compared to the same period in 2023, negatively impacting the market in which the Holding operates.
ROCA Industry shares have lost 14% this year and 2% in the past 12 months against a market value of around RON200 million.
(English version by Catalina Apostoiu)