Roca Group 2011 Results

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• Publié par: roca-group
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• Langue: English

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Roca Group 2011 Results

PR Newswire

BARCELONA, June 21, 2012

BARCELONA

,

June 21, 2012

/PRNewswire/ --

The Roca Group has met its growth and profitability targets thanks to significant

management efforts in emerging economy markets.

This has been the only

way to offset the slump in the Iberian market (Spain and Portugal) and the

sluggishness of Central European countries, both of which have historically

been high-volume and high-margin regions for the Group.

Most significant data: increase in sales and profit

In 2011, Roca Group

net sales

reached

1,551 million euros

, up 3.5% from 2010.

EBITDA

reached

214 million euros

and stands at 13.8% of total turnover.

Consolidated net profit

for 2011 was

20 million euros

, improving on the

19 million

euros

in profit posted in 2010.

Growth by markets:

Brazil

, the Group's new top market

The increase in sales has been particularly driven by growth in

BRIC countries

(

Brazil

,

Russia

,

India

and

China

), which already account for 40% of the Group's

turnover.

Brazil

has become the Group's top market in terms of turnover, surpassing

Spain

for

the first time, where economic decline and a stagnant construction sector have triggered

further drops in sales (-14.5% from 2010).

Acquired in 2011 and specialising in manufacturing bathroom furniture, Russian group

Akvaton contributed notably to group turnover. Also worth highlighting is the strong

business performance in

Argentina

and European markets such as

Germany

, the UK,

Austria

and Scandinavian countries.

Efforts to expand and diversify the offer

The Group's main investments in 2011 reflect its desire to consolidate its leadership

position in key emerging economies by expanding market share. In addition to the

acquisition of Akvaton Group (

Russia

), production capacity expansion projects have

been launched at various plants in

Russia

,

Brazil

and

India

.

The Group has also made substantial efforts in expanding and diversifying its product

range, through the optimization of its production and logistics capacity as well as by

applying a new brand portfolio management model.

Today, the Roca Group portfolio boasts 32 trademarks, including global brands (Roca

and Laufen) and regional, specialist products.

"Although our international expansion policy is still in force, in 2011 we have

slowed down our efforts to focus more on consolidating our worldwide

capabilities, with the aim of establishing a true global operator structure.

Fortunately, our presence in key emerging economies is strong and we have

the largest commercial offering in the industry.

By properly managing our

position as market leaders, we should be able to maintain our current growth

path," says Ramón Asensio, CEO of the Group.

About Roca Group

Roca Group is dedicated to the design, production and marketing of bathroom

space products and ceramic tile for architecture, construction and interior

design.

The company employs 21,100 workers, has 72 production sites in 18 countries

and operates in over 135 countries across five continents.

The 100% Spanish-owned Group is the market leader in

Europe

,

Latin America

,

India

and

Russia

. It also has a strong presence in

China

and the rest of

Asia

, the

Middle East

,

Australia

and

Africa

. This makes us world leaders in our business.

Contact: Victor Schoone, [phone], [e-mail]