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Friday, 17th November 2017, Velenje, Slovenia
Company receives request for convocation of Shareholders Assembly
The company Gorenje gospodinjski aparati d.d. hereby informs that it received yesterday, November 16, 2017, in the evening a request from minority shareholder Home Products Europe B.V. for convocation of a Shareholders Assembly.
Friday, 17th November 2017, Velenje, Slovenia
Financial calendar for the year 2018
Gorenje, d.d., is releasing its financial calendar for the year 2018.
Tuesday, 14th November 2017, Ljubljana
Gorenje recognized as the most environmentally friendly company
At the traditional environment convention, organized by the Finance daily paper and the Eko Fund, with this year's instalment titled "Excellence, Innovation, and Efficiency in Practice – Environmentally Friendly Projects in Slovenia and Abroad", Gorenje received an award for the most environmentally friendly company. At Gorenje, successful pursuit of our strategy of developing environmentally friendly products is also accompanied by systematic reduction of energy and water consumption, and reduction of waste in manufacturing processes. Our success in the field has been acknowledged by many environmental accolades received to date.
Monday, 13th November 2017, Velenje, Slovenia
Gorenje's reporting compliant with the relevant legislation
Following up on the notification dated October 26, 2017, that Gorenje received from the ATVP (Securities Market Agency) a Request for Submission of Reports and Information regarding the article in the Delo daily paper on the alleged termination of business cooperation between the Gorenje Group and Panasonic, we hereby inform the public that Gorenje received on November 10, 207, from the Securities Market Agency (ATVP) a notification ant the Agency did not find in the supervisory procedure in conducted any breaches of legislation regarding Gorenje's reporting as a public company.
Thursday, 9th November 2017, Velenje
Gorenje to actively explore strategic partnership opportunities
Gorenje Group’s strategic guidelines have been constantly driving the group towards the exploration of potential strategic alliance opportunities aimed at pursuing growth of business, economies of scale to guarantee cost competitiveness, strengthening brand power, accessing prime distribution channels, accelerating product innovation and business digitalisation. The globalisation and consolidation trends which have been characterizing the white good industry over the last years, have further stimulated the group to proactively search for available strategic partnership opportunities.
Thursday, 9th November 2017, Velenje
Gorenje Group with revenue and profits increase, despite a challenging quarter
With challenging conditions in both downstream and upstream markets, as well as the labour market, Gorenje's performance remains stable as the Group generated nearly EUR 944 million of sales revenue in the first nine months of the year, or 4.8 percent more than in the same period last year. Comparable operating profit before depreciation and amortisation (EBITDA) was higher by good five percent as it nearly reached EUR 59 million. Net profit at EUR 4.6 million was 12.1% higher than in the equivalent period of the year before. We increased our sales of major domestic appliances, including the premium brands, and small domestic appliances. We also improved our geographical structure of sales and increased our revenue from other businesses. Performance in the third quarter was negatively affected by slower sales that fell short of the budget, especially in the markets of Germany and Great Britain; rising prices of materials and components; labour cost pressures; and decrease of productivity as a result of mass production launch for new generations of products. Considering the typical dynamics within the year, we expect to see the largest share of revenue in the last quarter, which in turn will also affect the overall performance. In view of the said negative circumstances, we find that all key objectives laid down for 2017 are not attainable, despite the many measures introduced to mitigate them.
Tuesday, 7th November 2017, Velenje
Gorenje gets its own postage stamp
On Friday, November 10, Pošta Slovenije (the Slovenian postal service) will issue a special-edition postage stamp from the Slovenian Industrial Design series, depicting the Gorenje Simple & Logical washing machine. The revolutionary product – the first touch-controlled home appliance – was a global innovation. For Gorenje, it meant the start of a user-centric design approach that emphasizes simplicity of use and which Gorenje continues to pursue under the slogan Life Simplified.
Friday, 3th November 2017, Ljubljana
Impressive ideas at the first Gorenje Group hackathon
Over the past weekend, October 28 - 29th, the first Gorenje Group International Business Hackathon took place at the Ljubljana Technology Park. At the event, organized by the Corporate University of Gorenje in cooperation with companies CorpoHub and Microsoft Slovenia, 63 participants from 10 countries sought to develop solutions for business challenges of the digital future. The winning idea took into account the lifestyle, development and communication trends as well as shopping and retail trends of the future.
Thursday, 26th October 2017, Velenje, Slovenia
Notification about Request for Submission of Reports and Information
Gorenje received from the Securities Market Agency a Request for Submission of Reports and Information, based solely on the articles published in the Delo daily paper, regarding the discontinuation of business cooperation between the Gorenje Group and Panasonic. Misleading claims about the termination of cooperation between the two corporations were subsequently cited by other media outlets. Gorenje will respond to the said request by the Securities Market Agency in compliance with the effective legislation and within the specified deadlines. We also requested from the Delo daily paper to correct the false allegations and to observe our right to reply to them, pursuant to the Media Act.
Thursday, 19th October 2017, Ljubljana
Gorenje wins special award for introduction of superior design to domestic appliances
At the Design Month national award ceremony, Gorenje was presented a special award for persistent promotion of superior design in the domestic appliance industry.
Thursday, 12th October 2017, Kragujevac
Gorenje donates a 3D printer to the Kragujevac Polytechnic
Yesterday at the convention of Serbian mechanical engineering schools, the company Gorenje MDM, of Kragujevac, donated a 3D printer to the Polytechnic in that town. The device was made as a part of a project task by Gorenje MDM scholarship holders from Kragujevac who have attended the Velenje School Centre in the last two years. Gorenje MDM sent four Serbian high school students to the Velenje school in order to secure new excellently trained young employees with adequate technical knowledge for work at the toolmaking plant, and to bring the company closer to the young generation.
Monday, 9th October 2017, Velenje
Gorenje Group company ATAG wins the first smart kitchen contract in the Netherlands
The Gorenje Group company ATAG was chosen by the largest Dutch home investor Syntrus Achmea to fit 44 luxury smart home apartments with ATAG Connect Life smart kitchen appliances. ATAG will launch their connected appliances on the Dutch market by the end of this year, followed next year by the ASKO brand in Denmark. This marks the entry of Gorenje Group in the connected home segment as the ATAG and ASKO experience will later be used for the entire Group connectivity platform.
Friday, 6th October 2017, Velenje
Gorenje receives the Disabled-Friendly Company certificate
At the Days of Professional and Employment Rehabilitation, or the REHA Days, 2017, Gorenje received an award for good practice of hiring disabled persons, and the Disabled-Friendly Company certificate that was presented to the company on behalf of the Ministry of Labour, Family, Social Affairs and Equal Opportunities by the Minister Anja Kopač Mrak.
Tuesday, 3th October 2017, Velenje, Slovenia
Temporary suspension of trading with the GV01 corporate note due to KDD (Central Securities Clearing Corporation) procedures in the central register
Gorenje d.d. hereby informs the public that October 10, 2017, is the date for the interim payment of the principal of the amortizing corporate note with the symbol GV01. Holders of GV01 who are registered in the KDD (Central Securities Clearing Corporation) register as at October 4, 2017 (cut-off date) shall be entitled to the payment of the principal and relevant interest. In accordance with the KDD Rules of Operation dated December 14, 2016, as changed and amended on January 23, 2017, interim payment of principal of an amortizing corporate note is deemed a corporate action in which KDD shall provide to the holders of the GV01 corporate note a payment, deletion, and issue of a corporate note with the same ISIN code, yet with a reduced principal. Upon this basis, the KDD requested from the Ljubljana Stock Exchange (Ljubljanska borza d.d.) and the issuer Gorenje d.d. to temporarily suspend the trading with the GV01 corporate note in the period October 3, 2017, to October 10, 2017, and Gorenje d.d. has done as requested.
Wednesday, 27th September 2017, Brdo pri Kranju
Gorenje's SmartFlex dishwashers win gold award for the best Slovenian innovations
Gorenje's innovators again won the gold national award of the Slovenian Chamber of Commerce and Industry for the most innovative enterprises and innovators, with their new generation of Gorenje SmartFlex dishwashers. The selection of the best Slovenian innovations took place for the fifteenth time in a row. This year, the contest included 744 innovators with 182 entries. The award ceremony took place as a part of the Innovation Day at which Gorenje Group also presented its experience and achievements in the field of circular economy.
Tuesday, 19th September 2017, Velenje
Gorenje Group invites to the first International Business Hackathon
Gorenje Group is scouting for the best and most promising talent to tackle the business and digital challenges of the future at the first Gorenje Group International Business Hackathon. The two-day competition in searching for solutions in digital services for consumers will take place from October 28 to 29, 2017, at the Tehnološki park Ljubljana in Slovenia.
Thursday, 14th September 2017, London
Gorenje wins The Licensing Award 2017 for Innovation
Gorenje's Retro Special Edition fridge, officially licensed by Volkswagen, won the prestigious Licensing Award 2017 for Innovation. More than 5,000 products entered the competition in their respective categories. Our fridge was selected as the most innovative licensed product of 2017 by a prominent judging panel of 140 top retail buyers, who evaluated excellence of design, innovation, originality, consumer targeting and quality of manufacture and packaging.
Thursday, 31st August 2017, Berlin
Gorenje Group at the IFA 2017 fair with novelties for more connected and simplified life
The Gorenje booth at IFA 2017, one of the world’s leading consumer electronics fairs taking place in Berlin, Germany, from September 1 to 6, 2017, showcases the latest from Gorenje Group, one of the leading European household appliance manufacturers. By presenting the new smart Gorenje IQ Induction hob, built-in fridge freezers, the impressive designer collection of Gorenje by Ora ïto major and small appliances, extremely efficient Gorenje G•Force vacuum cleaners, by offering an exclusive preview of the new generation of Gorenje WaveActive washers and dryers launching in 2018, and showcasing the latest design-forward and connected novelties from its premium brand Asko, the Group once again proves that it places users' needs and desires just as high as it does design and technology that goes beyond the mere needs and expectations of the increasingly fast-paced and connected future.
Friday, 25th August 2017, Velenje
Gorenje Group wraps up the first half successfully, continuing to increase revenue and profit
Gorenje Group was successful in the first half of the year, with higher sales revenue and net profit. We are increasing the share of profitable innovative and premium products and stepping up investments into development. Around 300 new hirings in this year. The third quarter will be challenging; sales are expected to peak in the last quarter.
Friday, 18th August 2017, Ljubljana
Gorenje and Peter Prevc donate school supplies to children in need
Beginning of a new school year is something all kids should be looking forward to. However, reuniting with their school mates is not easy for many as their school bags are not full of shiny and inspiring new supplies for a successful and fun school year. At Gorenje, we have decided to work with Peter Prevc to make the return to school easier more pleasant for 1,000 children in need: our ski jumping champion will be with them every day – on the covers of their new notebooks. Hoping for lots of smiles on the first day of the school year, Gorenje and Peter Prevc presented yesterday to the Friends of the Youth Association (ZPM) Ljubljana Moste-Polje 3,000 notebooks and 1,000 sets of coloured pencils.
Thursday, 27th July 2017, Velenje, Slovenia
Franjo Bobinac president and CEO for another term of office
With regard to the offer extended to Franjo Bobinac for a new term of office as President and CEO, of which the Supervisory Board informed the Shareholders Assembly on July 14, 2017, Supervisory Board chairman Marko Voljč received on July 26 Franjo Bobinac's consent to appointment, and Mr Voljč informed the Supervisory Board members of the receipt of Mr Bobinac's consent. Therefore, Franjo Bobinac is appointed Gorenje, d.d., President and CEO for the term of office from July 20, 2018 to July 20, 2023.
Friday, 14th July 2017, Velenje
Gorenje's first half the best in the last five years; Management Board granted discharge from liability for 2016
At the 24th Gorenje Shareholders Assembly, President and CEO Franjo Bobinac presented to the shareholders the Gorenje Group operations and performance in 2016 and the performance in this year's first six months, which bests any first half of the last five years in terms of both revenue and profit. The Group wrapped up the first half of 2017 with revenue of EUR 624 million, or good 7 percent more than last year, and net profit of EUR 4.4 million, which is more than double the figure from the corresponding period of 2016.
Tuesday, 4th July 2017, Velenje, Slovenia
Hansel and Gretel with Gorenje appliances
As a socially responsible company supporting creativity and innovativeness, Gorenje has joined forces with the Silvan Furlan Institution (USF – Ustanova Silvana Furlana), a foundation for the development of culture, which aims to support and implement projects in art, education and humanitarianism. Together we have created a short film about Hansel and Gretel who simplify their life with Gorenje appliances, and premiered it in the Karst region.
Monday, 3th July 2017, Velenje, Slovenia
Corporate University of Gorenje. Founded to promote innovation.
Corporate University is an umbrella term for a number of training and education programs intended for development of key employees. It is an important tool for the pursuit of the company's strategic goals.
Friday, 30th June 2017, Velenje, Slovenia
Summary Prospectus for the admission to trading on a regulated market of the Gorenje, d.d., Notes
The company Gorenje, d.d., received on 29 June, 2017 the decision by the Securities Market Agency No. 40200-4/2017-9 from 29 June, 2017 on the approval of the prospectus for the admission to trading on a regulated market of the 19,456 Notes with the symbol GV02.
Wednesday, 28th June 2017, Ljubljana
Criminal reports due to alleged abuse of insider information against Gorenje and President and CEO Franjo Bobinac dropped
The District State Prosecutor's Office of Ljubljana informed the company Gorenje d. d. and its President and CEO Franjo Bobinac that it dismissed the criminal reports filed by the Securities Market Agency (ATVP) for alleged criminal offence of abuse of insider information related to the communication of the due diligence carried out at Gorenje last year by the Panasonic Corporation.
Tuesday, 27th June 2017, Velenje, Slovenia
Organised Collection of Proxies for Shareholders to Exercise Their Voting Rights-27 June 2017
Throughout the years, Gorenje, d.d., has been encouraging all shareholders to actively exercise their rights by organised collection of proxies and in accordance with the Slovenian Corporate Governance Code recommendation is announcing that as of today, the company officers authorised to collect proxies i.e., have started collecting proxies for the shareholders to exercise their voting rights at the 24th Annual General Meeting of Gorenje, d.d., scheduled for Friday, 14th of July, 2017.
Friday, 23th June 2017, Velenje, Slovenia
Environmental research company ERICo to become part of the Eurofins Group
Eurofins Scientific, the global leader in environment testing, has signed an agreement with the shareholders of ERICo (Environmental Research & Industrial Co-operation), to acquire this leading independent laboratory for environment testing services in Slovenia.
Monday, 12th June 2017, Velenje, Slovenia
Convocation of the 24th Shareholder's Assembly Meeting of Gorenje, d.d.
Wednesday, 7th June 2017, Ljubljana
“Wrong parking” wins Gorenje a Diggit award
At the sixth Diggit, Slovenian digital communications conference, Gorenje won the golden award for the project “Gorenje Retro Special Edition: Wrong parking”. The annual conference brings together is the meeting point for the latest knowledge of the fast-moving digital world and awards best practices.
Monday, 5th June 2017, Köln, Zug
Gorenje becomes one of the biggest partners of European handball
Gorenje, one of the leading European home appliance manufacturers is becoming part of a new sports story. By signing a three season contract for VELUX EHF Champions League and a deal for two consecutive Men`s EHF EURO tournaments we are becoming one of the biggest partners of European handball. Sports sponsorships certainly boost recognition of Gorenje brand in the international market and to date they rested on two pillars: the sponsorship of the Slovenian Nordic ski team and of handball – the sponsorship of the Gorenje Velenje Handball Club, and of the Slovenian Handball Federation. By sponsoring handball at the European level we are strengthening growth of our global brand recognition and thus support the implementation of Gorenje Group strategy of global growth.
Wednesday, 31st May 2017, Velenje
Microsoft HoloLens at Gorenje: how we keep the future of design within our (virtual) reach
We live in times when technology is developing faster than ever before. We can adapt to the rapid occurrence of new challenges and demands of an increasingly digitalized society by using the latest and most advanced technology – technology that is considered change-provoking as it can significantly affect almost all areas of our daily lives and work. Owing to the latest technology, the future is becoming more 'tangible' today, and more flexible for the users. Not just in theory, but also hands-on, in practice
Friday, 26th May 2017, Sarajevo
Gorenje Group wins the Innovator of the Year Award at the Sarajevo Business Forum
At this year's Sarajevo Business Forum (SBF), Gorenje Group won the Sarajevo Business Bridge Innovator of the Year Award. This award is given to individuals or businesses that have shown a significant degree of innovation and/or creative thinking, operating within the SEE Region. The innovation can be seen through the development of new methodologies, approaches, products or services which have met the needs of end-users.
Wednesday, 24th May 2017, Velenje
Gorenje Group sees solid growth of sales and profit in the first quarter of 2017
In the first quarter of this year, Gorenje Group stepped up its sales of premium and innovative dishwashing and cooking appliances, and, consistently with the strategic plan, boosted sales in markets beyond Europe, as well as in Benelux and Eastern Europe. High growth rates were also seen in sales of small domestic appliances and heating equipment. Thus, we wrapped up the first quarter of 2017 with operating profit (EBIT) of EUR 7.9 million, up 16 percent over the last year's equivalent period, and with net profit of EUR 2.1 million, which is a million and a half above the last year's first quarter figure.
Wednesday, 17th May 2017, Belgrade, Serbia
Gorenje wins Top Serbian Brands award
Gorenje brand received the Top Serbian Brands 2016 award in Serbia, and with that the title of the most popular electronics brand among Serbian users in 2016.
Tuesday, 16th May 2017, Velenje, Slovenia
Fire in Kemis Extinguished
In the industrial premises of the Gorenje affiliated company Kemis, d.o.o., which is also location for storage of hazardous waste, fire spread on 15 May 2017 at around 8 p.m. The waste which is stored at the location and intended for further processing is categorized as hazardous waste, mainly fuels, waste oil, solvents and medicinal products. The fire, which has been extinguished during the night with great efforts of the firemen, has destroyed part of the business premises and the warehouse for storage of low hazardous solid and liquid waste.
Thursday, 11th May 2017, Velenje, Slovenia
Release of information about the new issue of Gorenje corporate notes
In relation to the company's public announcements dated April 6, 2017, April 14, 2017, and May 3, 2017, the company Gorenje d.d., Velenje (hereinafter also referred to as the Company or the Issuer), hereby informs the public that it has issued 5-year corporate notes with a fixed interest rate of 2.45% p.a. and total nominal value of EUR 19.5 million. The notes were issued in dematerialized form by registration to the note holders' accounts with the KDD (Central Securities Clearing Corporation d.d., Ljubljana), in compliance with the KDD rules.
Friday, 5th May 2017, Berlin
Gorenje Group a part of the prominent European TCG Retail Summit
As a leading European home appliance manufacturer, Gorenje Group took part in this year's European Technical Consumer Goods Summit, an international forum that brings together the world's key dealers and manufacturers of domestic appliances, consumer electronics, and telecommunication and IT equipment.
Wednesday, 3th May 2017, Velenje, Slovenia
Gorenje adopts resolution on second issue of corporate notes
With regard to the announcements dated April 6, 2017, and April 14, 2017, the company Gorenje d.d. (hereinafter also referred to as the Company or the Issuer) informs the public that it adopted on May 3, 2017, a resolution to issue corporate notes with the symbol GV02.
Wednesday, 26th April 2017, Velenje, Slovenia and Washington, USA
Franjo Bobinac the new Slovenian representative at the Trilateral Commission
The Trilateral Commission is a global union of economists, politicians and academics with the purpose of encouraging good relations and strengthening cooperation between different spheres of the society. At the end of this March, Franjo Bobinac, the President of the Management Board of Gorenje, was named as the representative of Slovenia at the Trilateral Commission. He was named at the Commission’s invitation. Before Bobinac, this honorable position belonged to Marko Voljč, long-time President of NLB and member of the Management Board of KBC Bank.
Monday, 24th April 2017, Velenje, Slovenia
Change of the Financial calendar for the year 2017
Gorenje, d.d., will publish Interim Report of Gorenje, d.d., and Gorenje Group for January-March 2017, on 24 May 2017 and not on 26 May 2017 as announced in the financial calendar.
Monday, 24th April 2017, Velenje, Slovenia
Statement of Compliance with the Corporate Governance Code 2016
In accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the Ljubljana Stock Exchange Rules, and the applicable legislation, the company Gorenje, d.d., is publishing the Statement of Compliance with the Corporate Governance Code, which refers to the fiscal year 2016.
Monday, 24th April 2017, Velenje, Slovenia
Audited consolidated and unconsolidated annual report for the year 2016
At the 33rd meeting, held on April 21, 2017, the Supervisory Board of Gorenje, d.d., adopted audited Annual Report of Gorenje, d.d., and the Consolidated Annual Report of the Gorenje Group for the year 2016. Interactive version of the Annual report is available at: http://www.gorenjegroup.com/en/_preview?id=152378
Friday, 21st April 2017, Velenje, Slovenia
Notification on Gorenje, d.d., Supervisory Board Session
At its meeting today the Supervisory Board reviewed and approved the audited Annual Report of the Gorenje Group and its parent company for the year 2016. The Annual Report of the Gorenje Group for the year 2016, being the first to comply with the guidelines of the International Integrated Reporting Council – IIRC, will be published on Monday, 24 April, in accordance with the company’s financial calendar.
Friday, 14th April 2017, Velenje, Slovenia
Gorenje plans its second issue of notes
Gorenje, d.d., hereby informs the public that further information about the potential issue of 5-year notes will be presented today at the meeting with potential financial investors. At the meeting, the company Gorenje, d.d., will present Gorenje Group performance and proposed terms for the new note issue.
Thursday, 13th April 2017, Ljubljana
Rog opens a showroom in the BTC City shopping centre in Ljubljana
Exactly five months after the presentation and the beginning of the sales of the legendary Pony bikes, Rog opened a special showroom in Hall A of the BTC City shopping centre in Ljubljana, where visitors will be able to view, test and buy bikes, also the unique limited edition ones, and other products from the Rog product range. Later, servicing will also be available there.
Thursday, 13th April 2017, Celje
Gorenje Orodjarna wins the golden award at the International Industry Fair 2017
It has become a tradition for Gorenje Orodjarna to participate in the International Industry Fair in Celje. This year they presented an extremely complex and advanced tool for the fabrication of car components and received the highest, golden award from the expert committee.
Monday, 10th April 2017, Velenje, Slovenia
Resignation of a Supervisory Board member Toshibumi Tanimoto
Today, April 10, the company Gorenje d. d. received a statement of resignation by the Supervisory Board member Toshibumi Tanimoto.
Thursday, 6th April 2017, Velenje, Slovenia
Gorenje considers second bond issue
The company Gorenje, d.d., hereby publicly announces that, consistently with its policy of diversification of financing sources, is analyzing the possibilities for the second issue of bonds. The Company's decision on actual bond issue, type of bond, coupon, and nominal size of the issue will be adopted based on the market conditions and investor response or interest. The purpose of the bond issue is to further improvement of the average maturity of financing sources, support the achievement of the Strategic Plan of the Gorenje Group 2016-20 through planned growth of operations and continuing to improve the sales structure (especially in the segment of premium and innovative products), to refinance part of long-term financial resources and to optimize the finance expenses.
Monday, 3th April 2017, Velenje
Gorenje Group wins another 4 Red dot awards for superior design
In the competition of over 5500 entries from all over the world, four of our products under the brands Gorenje and ASKO received this year’s Red dot design awards. The expert committee recognized the outstanding design of the Gorenje multifunctional ovens and new generation of gas hobs while also awarding two Red dot Best of the Best awards for ground breaking design to the ASKO washers and dryers. This marks the 18th consecutive year for Gorenje Group to be awarded with the Red Dot - the internationally sought-after seal of quality.
Wednesday, 29th March 2017, Stockholm
ASKO holds a glamorous Pro Home Laundry launch in Stockholm
Gorenje Group's premium brand ASKO, a Scandinavian specialist in high quality kitchen and laundry apliances, announced the launch of its new laundry products, ASKO Pro Home Laundry, to a group of over 200 guest from over 30 different countries. The launch event was held in Stockholm, Sweden.
Tuesday, 21st March 2017, Ljubljana
Gorenje donates a cooking hob adapted for blind and partially sighted persons
Gorenje Group's donation will allow students of the Iris Centre for Education, Rehabilitation, Inclusion and Counselling for the Blind and Partially Sighted to safely cook, which is an important step on their path to living an independent life. The cooking hob of our premium Atag brand, fitted with specially adapted silicone coating that allows safe use for the blind and visually impaired, is the first of its kind in Slovenia. Humanitarian efforts are an integral part of Gorenje Group's corporate social responsibility, and we are looking to assist those in need both in Slovenia and in other countries of our presence by donating appliances and funds, and by taking part in humanitarian projects.
Thursday, 9th March 2017, Velenje
Gorenje Group ahead of revenue and EBITDA plan for 2016
At yesterday's session, the Supervisory Board of Gorenje d.d. was presented the Gorenje Group's unaudited financial statements for the year 2016. The Group maintained the positive performance trend that started in the last quarter of 2015, and improved upon it throughout the year. The Group's revenue was EUR 1.258 billion, EBITDA at EUR 87.2 million. With EUR 8.4 million profit, which is higher than budgeted and tops the estimate released in January, we considerably – by EUR 16.4 million – improved our profitability. Other goals laid down in the Strategic Plan for last year successfully pursued as well.
Friday, 24th February 2017, Velenje, Slovenia
Resignation of a Management Board Member - February 24, 2017
Gorenje announces that Dr. Peter Groznik is resigning from the company’s Management Board on February 28, 2017. Dr. Groznik tendered his resignation by mutual agreement and consensus of the Supervisory Board. We are sincerely grateful to Peter for his outstanding service and significant contributions, especially for his work in deleveraging and strengthening the financial position of Gorenje Group. We wish him all the best and hope to cooperate with him in the future.
Tuesday, 21st February 2017, Velenje
Gorenje a proud sponsor of the Slovenian Nordic Ski Team for 25 years
This year, Gorenje celebrates a quarter century of partnership with the Slovenian Nordic Ski Teams – ski jumpers, cross-country skiers, and the Nordic combined team. Years of general sponsorship have turned into an inspiring and honest friendship as today's sports champions grew up at their clubs with Gorenje by their side through all their ups and downs. With consistent support through all the years, we made it possible for Slovenian ski jumping and cross-country skiing to be at the very top in the world today. To commemorate 25 years of our cooperation with the Nordic Ski Team, Gorenje is preparing a travelling exhibition and many promotional activities. Moreover, we will again invite the buyers of our products to the grand finale of the ski jumping season in Planica.
Thursday, 9th February 2017, Novi Sad
Gorenje once again the best foreign brand produced in Serbia
For the twelfth year in a row, the Serbian Chamber of Commerce, and the Ministry of Commerce, Tourism, and Telecommunication, selected in the campaign titled "The Best from Serbia" the best brands and companies as rated based on their financial and market achievements. Gorenje was once again found the best foreign brand made in Serbia. The campaign included 140 companies with 196 brands, vying for the title of the best.
Tuesday, 31st January 2017, Velenje, Slovenia
Admission of commercial paper GRV05 issued by Gorenje, d.d., to trading on the regulated market
Gorenje, d.d., hereby announces that it has successfully completed the offering of commercial paper. Commercial paper with the identification code GRV05 has a 1.30% interest rate. Total nominal value of the issue amounts to EUR 40.0 million. Gorenje, d.d., has applied for the admission of the commercial paper subscribed to trading on the regulated market of the Ljubljana Stock Exchange. The purpose of the commercial paper issue is to diversify the short-term financing sources, financing of operations with a pronounced seasonal dynamic, and optimization of financing costs.
Wednesday, 25th January 2017, Velenje, Slovenia
Successful issue of commercial paper confirms investor confidence in the Gorenje Group - January 25, 2017
In order to obtain funds for seasonal financing of its operations, Gorenje, d. d., successfully completed its fifth consecutive issue of commercial paper in the amount of EUR 40.0 million. The commercial paper with start of interest accrual period on January 24, 2017, and date of maturity on December 22, 2017, has the lowest interest rate to date, at 1.30 percent p.a. The issue contributes to the efforts to further cut Gorenje Group's finance expenses, and the substantial interest in commercial paper reaffirms investor confidence in Gorenje.
Friday, 13th January 2017, Velenje
Following the successful pursuit of our strategic plan in its first year, our profit planned for 2016 will be exceeded
In the first year of pursuit of the 2016–2020 Strategic Plan, Gorenje Group achieved the goals set forth as it increased its revenue to EUR 1.257 billion and considerably improved its financial performance indicators. We plan for further revenue growth and improved profitability in 2017.
Friday, 13th January 2017, Velenje, Slovenia
Gorenje planning a fifth issue of commercial papers
Gorenje, d. d., is planning a fifth issue of commercial papers with expected issue size in the amount approximately up to EUR 40 million, with start of interest accrual date January 24, 2017 and maturity date December 22, 2017. Gorenje will use the proceeds from the commercial papers issue for diversification of short-term financing, primarily for financing the seasonal operations, in accordance with the interim cash flow dynamics, and optimization of funding costs. The company is presenting detailed information on the issue of commercial papers at the meetings with potential investors held on January 13, 2017 and on January 16, 2017.
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