Review of operations

The picture for the 2018 financial year was stable. The revenue of more than € 194.2 million is only 1% less than budgeted and, with a result after tax of € 7.6 million, € 0.4 million higher than budgeted, the organisation is performing robustly. With a sound solvency ratio of almost 56%, the management can provide the conditions needed to develop the family business further and prepare it for the future. The cash flow and financing position improved after the completion of a number of larger investment projects and a generally moderate investment level in 2018. The strong financial position allows for further investments which are expected to be financed from the company's own credit facilities.

“Result after tax € 7.6 million, higher than budgeted.

ROTO B.V. supports the Business Units in maintaining focus on their strategy and, where necessary, on adequately clarifying the mission, vision and strategy of each Business Unit. Where does the Business Unit add value for its customers and how can this position be maintained and actually strengthened? On the basis of an operational culture with a strong drive, profits can be made by paying more attention to strategic and tactical decision-making. That is why the ROTO teams have launched a coaching program that concentrates on the cultural values of Roto B.V.: entrepreneurship, leadership, daring, reliability, commitment and passion.

Focus on KPIs

The Roto B.V. management is moving further ahead to establish strong profiles for each Business Unit. Based on its position as an investment company, Roto B.V. will continue on the course set by providing more direction in line with the KPI’s adopted. In addition to financial targets, Roto B.V. also focuses on sustainability, innovation, digitisation and HR, to raise the profile of the Business Units. This policy will be developed into actions in 2019 and beyond, both group-wide and specific to each Business Unit.

Price developments in steel and zinc are determinant factors in the markets where the ROTO Business Units operate. After the financial year 2017, in which the development of the zinc price made a very positive contribution to the result, prices in 2018, with both positive and negative peaks, had on balance a more neutral effect on the result, after tax of € 7.6 million (2017: € 10.2 million). Each Business Unit made a positive contribution to the result achieved. The consolidated result after tax, which was, in part, positively affected by some non-recurring income, was € 0.4 million higher than budgeted.

Review of operations

The picture for the 2018 financial year was stable. The revenue of more than € 194.2 million is only 1% less than budgeted and, with a result after tax of € 7.6 million, € 0.4 million higher than budgeted, the organisation is performing robustly. With a sound solvency ratio of almost 56%, the management can provide the conditions needed to develop the family business further and prepare it for the future. The cash flow and financing position improved after the completion of a number of larger investment projects and a generally moderate investment level in 2018. The strong financial position allows for further investments which are expected to be financed from the company's own credit facilities.

“Result after tax € 7.6 million, higher than budgeted.

Roto B.V. supports the Business Units with the maintenance of the focus on their strategy and, where necessary, the adequately concretisation of the mission, vision and strategy of each Business Unit. Where does the Business Unit add value for its customers and how can this position be maintained and actually strengthened? On the basis of an operational culture with a strong drive, profits can be made by paying more attention to strategic and tactical decision-making. That is why the ROTO teams have launched a coaching process that concentrates on the cultural values of Roto B.V.: : entrepreneurship, leadership, daring, reliability, commitment and passion.

Focus on KPIs

The Roto B.V. management is moving ahead further on establishing strong profiles for each Business Unit. Roto B.V. will continue with the concretisation of the course set on the basis of its position as an investment company by providing more direction in line with the KPIs adopted. In addition to financial targets, there is also an emphasis on sustainability, innovation, digitisation and HR, and Roto B.V. wants to raise the profile of its business units with regard to these themes. This is a policy that will be developed in 2019 and beyond into concrete actions, both group-wide and specific to each Business Unit.

Price developments in steel and zinc are determinant factors in the markets where the ROTO Business Units operate. After the financial year 2017, in which the development of the zinc price made a very positive contribution to the result, prices in 2018, with both positive and negative peaks, had a more neutral effect on balance on the result after tax of € 7.6 million (2017: € 10.2 million). Each Business Unit made a positive contribution to the result achieved. The consolidated result after tax, which was, in part, positively affected by some non-recurring income, was € 0.4 million higher than budgeted.