Growing results for ROCA Industry in S1 2024: Cumulative business of RON 314.5 mln, EBITDA by 75.2% above the value of S1 2023 and cumulative net profit of RON 4.5 mln
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 RON 314.5…
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 RON 314.5 mln, 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% 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 RON 36.3 mln RON (EBITDA margin of 11.5% of the turnover), representing an increase of 75.2% vs. S1 2023. At the same time, in the first half of 2024, the holding registered a cumulative net profit amounting to RON 4.5 mln.
The results highlight a strategy adapted to market dynamics and focused on growth factors that generate stable results, regardless of the cycles and challenges of the construction sector. In this sense, the ROCA Industry management team applies, as early as 2022, a multi-dimensional strategy, based on operational optimization, development of distribution channels, diversification of the portfolio and expansion of export channels.
From the liquidity point of view, the visibility offered by the listing of ROCA Industry on the regulated stock market in the first half of the year and the signing of the contract with BRK as a market maker generated a positive evolution in the daily volumes of traded shares. Thus, in the period March 11-July 31, 2024 (eliminating Deal-type transactions), the traded volume was 1.17 million shares, with a daily average of 12.1 thousand shares, compared to the values from the same period of 2023 - 279.2 thousand shares, respectively a daily average of 3.4 thousand traded shares. In the 1st semester of 2024, the holding reached a record daily traded volume of 580,000 shares, thus fulfilling its promise to shareholders regarding the liquidity of the shares after the transfer to the BSE regulated market.
"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
