Foreword
Providing a safe work environment where all our Family members feel safe to be who and where they are is key to our ROTO Family. For that reason, every meeting starts with a Safety First touchpoint, aimed at improving safety awareness and safety behaviour. Unfortunately, the overall incident-related safety results of ROTO decreased because of the acquisition of Prestia. We are, however, convinced that every accident can be prevented, and we are determined to realise this ambition.
While we were recovering from the covid pandemic, new challenges emerged in 2022 because of Russia’s unprecedentedacts of aggression against Ukraine. Consequently, Staco Polska decided to immediately stop trading with Russia and started to support refugees in Niepolomice, Poland, where Staco Polska is located. As a result of these large geo-political uncertainties, ROTO had to cope with the effects of unstable prices and supplies of raw materials plus vastly increasing energy costs, increases in salary costs and rising inflation in general. Although all this influenced volumes and margins, from a financial point of view, 2022 was still an excellent year.
Further deployment of our ROTO Strategy House
We continued implementing our ROTO Strategy House: our compass to drive The Sustainable Colourful Metal Family Group and meet the 17 UN Sustainable Development Goals (SDGs), integrated into our eight core themes. We worked on establishing qualified and quantified strategic plans for each of the Business Units, giving these Units more autonomy along the guidelines of those strategic plans and aiming to improve our analytical and forward-looking capabilities. To ensure cooperation and harmonisation among the Business Units, three ROTO Communities have been established and installed, working on common themes and making decisions on topics regarding Finance, Human Resource Management (HRM) and Safety, Health, Environment & Quality (SHEQ).
Integration of Prestia
At the same time, 2022 was key for further integration of Prestia, with 400 new Family members and more than € 50 million turnover in France. Prestia is working on its own strategic plans and collaborating with Rotocoat on all the different operational and strategical themes. Numerous opportunities have been identified, starting with safety in the first place, which has been broadly embraced by Prestia.
Excellent performance
Overall, 2022 was a positive year. All our Business Units contributed to ROTO’s broad value creation and financial result, which reached a consolidated after-tax result of € 17.1 million (2021: € 11.7 million), strengthening ROTO’s financial position.
Thank you
We are proud to have achieved this in an ever faster changing world, and we are very grateful to our Business Units and Family members for playing a fundamental role in delivering these excellent results. Therefore, we confidently continue our efforts for 2023 and beyond.
Again, a big thank you to all our Family members for their continuous efforts during 2022 and for being more and more entrepreneurial, reliable, passionate and committed!
Sustainable future
Sustainability remains high on our agenda and continues to be anchored in our DNA: it is crucial that we reduce and minimise our impacts and maximise the positive effects of our activities to contribute to society and create broad value for all our stakeholders in the ROTO Ecosystem.
To help us identify our impact areas and the associated risks, we are working on labelling our data. This will help us make informed and transparent decisions and report on them in accordance with the Corporate Sustainability Reporting Directive (CSRD).
Uitgeest, 20 June 2023
Ditmar Koster, CEO and Tom van Lindert, CFO