Global bathroom group Roca has achieved sales of €2.092 billion, up 1.9% on 2021, despite the background of macroeconomic complexity and slowdown in demand.
This includes the increase in the cost of energy, the inflation rise worldwide and the negative impact of the disinvestment in Russia
Roca Group realised EBITDA of €356 million, equivalent to 17% of turnover, and a net profit of €42million.
It reported its growth is thanks to improvement in the efficiency of its production, business operations adaptable to different local needs, and policies to reduce and control production costs.
Roca also cited sales increases in Brazil, India, China, and Spain, which has maintained sustained growth since 2014 (except for the Covid consequences in 2020), have been “significant”.
CEO of Roca Group, Albert Magrans commented: “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 €1.7 billion, 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 to €135 million, up 8.9% compared to 2021.
These investments included projects to expand and improve the capacity of plants in Brazil and India, a new factory for resin shower trays and composite bathtubs in Poland.
Roca Group also expanded its bathroom furniture business in Spain and Portugal, and invested in decarbonisation, circularity, digitalisation and efficient use of resources.
Additionally, Roca has converted its plant in Croatia into a logistics centre, transforming it into a hub serving the main markets of Central Europe.
Since the launch of its decarbonsiation 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 installed more than 10,000 photovoltaic panels in multiple locations in 2022, totalling 21,800 panels for the Group worldwide.
Likewise, the water efficiency plan initiated at its factories of Burgos in Spain, Eskisehir in Turkey, Settat in Morocco and Cantanhede in Portugal has achieved 47% reduction in water consumption.
It will see a 55% reduction in the intensity of water use over the last five years.
Furthermore, Roca Group has achieved a 74% level of reintroduction or recycling of waste and a 54.6% reduction in waste generation over the same period.
Roca Group has extended its Competence Centres, which it claims enables the company to respond to markets with agility, efficiency and sustainability.
Following the acqusition, then integration of Royo and Sanit companies, has reinforced the group’s offer across all product categories.
During 2023, Roca Group has continued its acquisition policy, having bought US bathroom furniture and mirror company Madeli to strengthen this product category and presence in America.
This year has also see Roca Group Ventures make an investment in Aquí Tu Reforma (ATR), an online platform for home renovations aimed at improving the end-user experience, and has analysed more than 120 start-ups.
Founded in Barcelona in 1917, the family-owned Roca Group operates in 170 countries and owns 76 factories, employing 21,000 employees.