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Gorenje Sales Up More Than 50% for First 10 Months of 2006
Nov 15, 2006
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Gorenje has announced that year-on-year sales under Gorenje brand for the first ten months of 2006 in the UK have increased in excess of 50 percent, making the company one of the UK’s fastest growing major brands, mostly due to the successful launch of the 5-year part and labor guarantee in March and new distributors and retailers coming on board.

The Gorenje Group’s total business performance in the first nine months of 2006 was also good, in particular in the light of extremely tough conditions in supply and sales markets; revenues in the first nine months of the year stood at 770.8 million euros (approx. U.S. $987.2 million), up 4.2 percent on last year. Future projections envision steady growth in revenue (10 percent annually) and in profit (3.4 percent annually) so that by 2010 the group would generate revenues in excess of 1.5 billion euros (approx. U.S. 1.9 billion), making Gorenje one of the five biggest household appliance producers in Europe.

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