Roca Group closes 2024 with losses due to its withdrawal from Russia

BarcelonaAlthough the activity of the Catalan giant and world leader in sanitary ware (cleaning and hygiene devices) was impacted in 2023 by the lack of new construction resulting from the rise in interest rates, what ended up pushing down Roca Group's financial results in 2024 were mainly two factors: its exit2 from Russia2 and Argentina, which also impacted 2023 results. However, the Catalan company closed 2024 with revenues of €1.948 billion, 5.29% less than the previous year, and losses of €61 million.

This 2025 Roca Group has on the horizon the construction of two electric tunnel furnaces in Gavà and Burgos, two locations that will follow in the footsteps of the factory that the company has in Gmunden (Austria), where in 2023 it installed the first furnace of these almost 50% of the group's emissions.

While the arrival of these furnaces in Spain was the firm's big announcement for 2024, a week ago the company announced a €70 million investment in a new production center in Kazakhstan. From there, Roca Group aims to strengthen its strategic position in distribution to Central Asian markets.

€155 million investment

In 2023, Roca Group increased its investment by 13% to €153 million, focusing primarily on expanding and improving its factories' production capacity. It has now closed 2024 with a similar investment of €155 million, earmarked for digitalization, security, cost reduction, and new product development. It also recorded an operating profit of €108 million, equivalent to a 5.6% return on sales.

This Catalan giant has around thirty brands and 79 factories worldwide, employing more than 20,000 people, and has a presence in 170 countries.