ROCA Industry reports turnover of 314.5 million RON, up 9.5 percent in first half of 2024

ROCA Industry, the first industrial holding in Romania, specialized in the production of construction materials, listed on the BVB main market under the symbol ROC1, recorded in the first semester of 2024 a cumulative turnover of 314.5 million RON, according to the financial report for the first six months of the year.

Thus, the revenues of the companies within the holding increased by 9.5 percent compared to S1 2023, despite a difficult market context for the construction materials market. The holding, majority owned by the private equity company ROCA Investments, represents a strategic pillar of it, designed to create value in the economy by consolidating and modernizing local production capacities, with the objective of increasing the competitiveness of the national industry.

In relation to the results obtained in S1 2023, ROCA Industry also registered positive developments at the level of operational profit, the cumulative EBITDA at the level of the entire holding reaching the value of 36.3 million RON (EBITDA margin of 11.5 percent of the turnover), representing an increase of 75.2 percent vs. S1 2023. At the same time, in the first half of 2024, the holding registered a cumulative net profit amounting to 4.5 million RON.

“The performance in the first half of the year confirms the effectiveness of our strategy, even in a difficult and continuously unpredictable market context. The achievements, which we attribute primarily to the high-performing management team, demonstrate not only the ability to quickly respond and adapt through operational efficiency to market changes, but also the added value of the ROCA Industry holding model. In essence, an integrated system of companies, under professional management with a focus on effective transformational strategies, is more resilient in the face of economic fluctuations and generates, together, performance,” said Ionuț Bindea, CEO of ROCA Industry.

According to the data presented by the National Strategy and Forecast Commission in June 2024, in the first quarter of 2024 industrial activity contracted by 2.7 percent compared to the same period of the previous year. Another predictive indicator with a direct impact on the construction sector is the number of construction permits issued, which, in the first semester of 2024, registered a decrease of 1.3 percent compared to S1 2023, according to data provided by INSSE.

From an operational point of view, ROCA Industry’s business model generates a J-Curve evolution, which foresees an initial period of integration and adjustment before starting a significant growth phase. This strategy involves, at the beginning, a phase of investment and optimization that may temporarily affect performance, but which prepares the ground for accelerated and sustainable expansion.