Global bathroom group Roca has achieved sales of €2.092 billion, up 1.9% on 2021, despite macroeconomic issues such as a drop in demand, increased energy costs and global inflation.
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 improved production efficiency, adaptable business operations to local needs, and reduced control production costs.
Roca also cited sales increases in Brazil, India, China, and Spain, which have maintained sustained growth since 2014 (except for the Covid consequences in 2020), have been “significant”.
The CEO of Roca Group, Albert Magrans, highlighted that “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 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 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 in Spain and Portugal, and composite bathtubs in Poland.
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 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 installed over 10,000 photovoltaic panels in multiple locations in 2022, totalling 21,800 panels for the Group worldwide.
Likewise, the water efficiency plan initiated at the factories of Spain, Turkey, Morocco and Portugal in 2021 continues to progress.
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 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 acquisition and integration of Royo and Sanit companies, it has reinforced its 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 seen Roca Group Ventures invest Aquí Tu Reforma (ATR), an online platform for home renovations to improve 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.