Roca Group closed 2022 with a turnover of 2.09billion euros

BathroomsNews Thu 29th Jun 2023 by KBBFocus

Roca Group closed 2022 with a turnover of 2.09billion euros

Roca Group closed 2022 with a turnover of 2.09billion euros

Roca Group has revealed it closed the 2022 financial year with a turnover of 2.092billion euros – 1.9% more than in 2021, despite the drop in demand levels, largely due to the increase in the cost of energy, the inflation rise worldwide and, on the other hand, the negative impact of the disinvestment in Russia. The Group obtained a net profit of 42million euros, preserving its growth trend, thanks to the continuous improvement in the efficiency of its production processes, the implementation of flexible business operations adaptable to different local needs, and the application of policies to reduce and control production costs. EBITDA was up to 356million euros, equivalent to 17% of turnover. 

In the evolution of sales, the increases obtained in Brazil, India, China, and also in Spain, which has maintained sustained growth since 2014 (except for the Covid consequences in 2020), have been significant. 

The CEO of Roca Group, Albert Magrans, said: "In a year as complicated as this one, our professionals have made their involvement and effort count, prolonging the company's growth". He also emphasised: "Net assets have risen to 1.7billion euros, which reflects the financial strength of the group, which bases its growth on self-financing through the reinvestment of profits.” 

The company increased its investment effort to 135million euros, up from 124million euros in 2021, which were mainly allocated to: projects to expand and improve the production capacity of the plants in Brazil and India, a new factory for resin shower trays and composite bathtubs in Poland, the expansion of the bathroom furniture business in Spain and Portugal, and investments in decarbonisation, circularity and sensorisation that guarantee the development of all production centres in terms of digitisation, sustainability and efficient use of resources. In addition, the company has successfully executed the conversion of its plant in Croatia into a logistics centre, transforming it into a hub serving the main markets of Central Europe. During 2023, Roca Group has also continued to consolidate its acquisition policy through the transaction of the US company Madeli

Since the launch of its decarbonisation plan in 2018, Roca Group has achieved a 39% reduction in its scope 1 and 2 CO2 emissions. It has also reduced its energy use intensity by 47% and, only in 2022, has installed more than 10,000 photovoltaic panels in multiple locations, including Gavà (Spain), Cantanhede (Portugal) and Suzhou (China), to reach a total of 21,800 panels counting on group's facilities worldwide. Similarly, the water efficiency plan initiated at the factories of Burgos (Spain), Eskisehir (Turkey), Settat (Morocco) and Cantanhede (Portugal) in 2021 continues to make progress. With this in place, it has already achieved a 47% reduction in water consumption and a 55% reduction in the intensity of water use over the last five years. Furthermore, Roca Group has managed to achieve a 74% level of reintroduction or recycling of its waste and a 54.6% reduction in its waste generation intensity over the same period. 

Tags: bathrooms, news, roca group, albert magrans

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