• In the first 9 months of 2023, companies within the ROCA Industry construction materials holding registered a cumulative turnover of RON 439.2 million, a 7.9% increase compared to the same period in 2022.
  • ROCA Industry companies report an EBITDA level of RON 30.3 million for the first 9 months of 2023, with an EBITDA margin of 6.9% of the turnover, up from 6.2% at the end of June 2023.
  • This year, ROCA Industry initiated the acquisition of share packages, transactions that are in the finalization stage, of Europlas, a company from the Republic of Moldova, through the directly-owned company BICO, and Workshop Doors, a significant player in the interior doors market, through the directly-owned company EED.


Bucharest, November 16, 2023 - ROCA Industry, Romania's first industrial construction materials holding, listed on the AeRO market under the symbol ROC1, majority-owned by ROCA Investments, reports a turnover of RON 439.2 million for its portfolio companies in the first 9 months of 2023. The holding thus records an increase of 7.9% compared to the same period in 2022.

In an atypical market context for the construction materials industry, considering raw material prices and reduced margins in 2023, the cumulative EBITDA at the level of productive companies in the holding reaches RON 30.3 million, with an EBITDA margin of 6.9%. At the same time, all directly-owned productive companies recorded positive EBITDA.

At the holding level, ROCA Industry recorded financial income of RON 5.3 million (mainly composed of interest income of RON 3.6 million for intra-group loans, as well as dividend income). From these, operating expenses of the holding and financial expenses were deducted, with ROCA Industry reporting a net profit of RON 0.4 million.


Active trading on the stock exchange. Steps towards the main BVB market.

In the first nine months of 2023, ROC1 shares attracted liquidity of RON 6.0 million on the AeRO market of the Bucharest Stock Exchange (BVB), with a daily average of RON 32.0 thousand and an average daily turnover of over 3.6 thousand shares. In the last year, ROC1 shares have been among the top 7 traded shares of companies included in the BET AeRO index, with the company currently being in the finalization stage of all necessary documents for capital increase and listing on the main market of BVB, a priority process in the development strategy of the holding.

"The main objective of the holding for this year aims at increasing capital and transitioning from the AeRO market to the main market of the Bucharest Stock Exchange. At the same time, ROCA Industry aims to continue contributing to the reindustrialization of Romania by adding more competitive companies to the holding and making strategic investments in technology, production capacity efficiency, or human capital," says Ionuț Bindea, CEO of ROCA Industry.


New achievements for ROCA Industry companies

In the first three quarters, companies in the ROCA Industry portfolio gained significant market shares. BICO Industries, the largest producer of fiberglass mesh in Central and Eastern Europe and the third-largest producer in the European Union, consolidated its market share in the SEE region, in a context where the market contracted in this area. The company completed the acquisition of Iranga Technologijos from Lithuania and the purchase of a 45% stake in Europlas in the Republic of Moldova, actions which contributed to the intensified efforts to expand the geographic sales base and establishing commercial relationships with Poland, the UK, France, Slovakia, Portugal, the Baltic countries, and the Nordic countries.

Additionally, EVOLOR, one of the major players in the paint and lacquer manufacturing industry, celebrating its 30th year in the market, reported a turnover of RON 79.9 million, a 24% increase compared to the first 9 months of 2022. This was mainly due to increased sales volumes across most product categories, in some cases up to 47% higher than the first 9 months of 2022, and a higher selling price compared to the same period in the previous year. In the third quarter, EVOLOR also completed the acquisition of a former paint factory located in the Oltchim platform, a facility that will bring production capacity growth and the possibility to launch new products starting in 2024.

ELECTROPLAST, one of the largest producers of low-voltage copper and aluminum electrical cables, is the newest company in the holding, with its acquisition completed in the last days of June. The company continued to generate revenues above the level of 2022, with 2023 being the best in the company's history in terms of sales. ELECTROPLASurnover increased by 16% compared to the first 9 months of 2022, reaching RON 118.4 million. The third quarter of 2023 generated a turnover of RON 41.0 million, a 15% increase compared to the third quarter of 2022.

ROCA Industry is the industrial holding majority-owned by ROCA Investments, the most dynamic private equity company in Romania. The industrial holding directly and indirectly owns a total of 8 companies - performers in their specific sectors: BICO Industries (the first and largest national producer of fiberglass mesh and the only domestic producer of fiberglass reinforcements), EVOLOR (one of the major players in the paint and lacquer manufacturing industry), ECO EURO DOORS (the largest Romanian producer of doors for residential construction), DIAL (producer of wire products), ELECTROPLAST (leader in the market of electrical cables for railway infrastructure), as well as the fiberglass producers Terra, Europlas, and Iranga, through BICO Industries.