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Balkan Events

Romanian ROCA Industry's revenue increased by 24% year-on-year in 2022

16 march 2023

In Albanian  In Bulgarian  In Macedonian  In Romanian  In Serbian

 

ROCA Industry, the first Romanian holding company of construction materials companies launched by ROCA Investments, reported that its combined revenues increased by 24% year-on-year to 388 million lei (almost €80 million) at group level in 2022. according to the preliminary annual report for 2022. This was learned by BalkanEngineer.com from Romania-insider.com.

 

 

Resilient in the atypical market context marked by an increase in raw material costs during the year, the ROCA Industry portfolio companies had the ability to include most of the costs in the cost of products sold, so that the EBITDA margin amounted to 11% in 2022. According to the preliminary report for 2022, the companies in the group achieved a combined EBITDA of 42.7 million lei, correspondingly a combined profit of 21.6 million lei.

 

In this way, the company advances to the next stage of its development, namely the inclusion in the main market of BVB in 2023, together with an increase in share capital. These plans were revealed by Jonutz Bindea, President of the Board of Directors and CEO of ROCA Industry.

 

Photo source: canva.com

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