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Rosti Group CEO’s 2014 Interim report
Rosti Group 2014 – strong growth at 18% sales increase and substantial investment program to accommodate further growth in 2015 and beyond
2014 was a good year for Rosti, with sales increasing at all of our 10 Rosti sites in Europe and Asia, and a 30 MEUR investment program in new manufacturing capabilities and capacities successfully implemented during the year. Rosti’s total sales in 2014 reached 375 MEUR, with strongest growth in Malaysia and the UK, and with a good contribution from our new operations at Rosti Tebplast in Istanbul, acquired in November 2013. Our factory extension in Pickering, UK, was successfully implemented during the year and have added significant new moulding capabilities, which now extends in the group from 25t to 2700T, and new state of the art painting facility to meet our customer’s ever growing painting needs, making the Pickering site Rosti’s biggest facility.
It is pleasing to see this growth being achieved across all our markets sectors; we have achieved good growth in our automotive sales, and also within packaging and industrial with the addition of a number of new blue chip customers and leaders in their market which have introduced us to new market sub-segments and niche capabilities. In 2014 Rosti Group increased our number of employees with some 300 people.
Looking ahead, Rosti continue to see a strong order intake from our customers and we therefore expect a further 10-15% sales growth in 2015. In April 2015 we will commission the important factory extension at Rosti China, adding 8000 m2 factory space, extending the site’s capabilities to cover all of Rosti’s market sectors; including its clean room facility supporting the medical disposables market. Our investment program will continue at a high pace during 2015 and 2016 to meet booked orders in 2014 and expected nominations in 2015.
We are also adding further management resources to support our continued growth. I am glad to announce that, over the last 6 months, Thomas Hansson has joined us as our new Rosti Group CFO and Eva Brike as Rosti Group HR Director. Both Eva and Thomas bring with them a wide experience from international operations and are already strongly supporting our organization.
In addition to our organic growth, Rosti is also continuously looking for further investments/acquisitions into the high precision injection moulding area, including related products and services, targeting companies in Europe & North America with facilities in Asia & South America, on our way to reach our financial target of sales at 600 MEUR in 2017 and continuing our target of expanding our geographic presence in line with our customer needs.
We at Rosti would like to thank all our customers for their trust in Rosti and their continued business. We at Rosti will continue to provide you our best Customer Care, based on our Core Values, i.e. being
This is the Rosti Way!
Malmö 10th of February 2015