Strategic plan 2006-2010

Vision of Group Gorenje

We want to become the most innovative design-minded creator of home appliances in the world!

Mission of Group Gorenje

We create innovative technically accomplished, superbly designed, user - and environment - friendly appliances for home.

Values of Group Gorenje

  • Probity.
  • Openness.
  • Loyalty.
  • K(C)reativeness.
  • Ambition.

Summaries of strategic goals and orientation of Group Gorenje to year 2010

Summary of planned financial development of Gorenje Group

  • Net revenues from sales in the year 20101
    • EUR 1,250 million / 5.0% average annual growth
  • Earnings from operations before depreciation and provisions in the year 2010: 
    • EUR 112 million; 9.0% of net revenues from sales; CAGR = 7.7%;
  • Investments in tangible assets: Annual average EUR 40 – 50 million;
  • Labor productivity growth (net revenues from sales / average number of employees): Annual average 4.7%;
  • Productivity growth of engaged capital (EBITDA / average engaged capital): Annual average 1.0%.

1 Figures denote internal growth of the Group. The Management estimates that it is feasible to attain further increase in operations in the strategic period of EUR 200 - 300 million by acquisitions, which would raise consolidated net revenues from sales of Gorenje Group to EUR 1,450 to 1,550 till the year 2010.

pdf strategic_plan_till_the_year_2010.pdf
Gorenje Group Strategic Plan till the year 2010 – Ambitiously in the future
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