News

September 2023
February 2023
January 2023
December 2022
November 2022
July 2022
June 2022
January 2022
October 2021
September 2021
May 2021
March 2021
January 2021
October 2020
September 2020
August 2020
July 2020
June 2020
May 2020
April 2020
Thursday, 23th April 2020, Velenje Hisense Europe Group forced to cut the number of employees due to severe economic impact of coronavirus pandemic Following the announcement of the global COVID-19 pandemic and the epidemic in Slovenia in mid-March, we have already seen a decline in household appliances orders in March 2020. The trend continues in April. As a result of state measures to ban the sale of goods and services to consumers, the sales of household appliances have fallen dramatically both locally and in most European countries, where restrictive measures have been implemented. In the first quarter of 2020, we recorded a significant loss, a large majority in March. In the second quarter of 2020, in April and May 2020 we expect an additional loss and, due to the effects of the coronavirus pandemic and completely changed circumstances on the markets, and a significantly worse performance than the original estimates for the period, which predicted a profit of € 1.1 million. Hisense Group is therefore forced to implement various crisis measures, among which is also reduction of the number of employees in all companies in the Group. In doing this, all Hisense Europe Group companies will strive to minimize redundancies by using soft methods of staff reductions, including the disinvestment of non-core companies, outsourcing, consensual leave, retirement, etc. We will also focus on sales increase, speeding up the e-commerce business and other operational adjustments to ensure the survival of the company in the expected global recession, following the coronavirus pandemic.
March 2020
February 2020
January 2020
November 2019
October 2019
September 2019
July 2019
May 2019
April 2019
March 2019
February 2019
January 2019
December 2018
November 2018
September 2018
August 2018
July 2018
June 2018
May 2018
April 2018
March 2018
February 2018
January 2018
December 2017
November 2017
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.
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008