Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Gorenje Posts 1Q Loss
Jun 1, 2009
 Printable format
 Email this Article
 Search

Gorenje posted a 1Q net loss and said that it expects sales to fall 12% this year to between 1.15 and 1.18 billion euros (approx. US$1.64 billion). It made a revised forecast, which is below the one made in December, when it said 2009 profit would be 15.7 million euros, with sales at 1.34 billion euros. It now expects 2009 operating profit at between 7 million to 10 million euros, compared with a first-quarter operating loss of 7 million euros.

Gorenje said the biggest fall in sales for 1Q was recorded in Ukraine, Croatia, Russia, and Romania. Yet it reported an increase in sales and market share in Germany, Austria, Serbia, and the Czech Republic.

It also plans to reduce its workforce to around 10,450 by the end of this year from 11,000 at the end of 2008, with further job cuts likely over the next three years.

Back to Daily News

 

Daily News

...........................................................

Apr 23, 2014: Bosch Home Appliances Garners EPA Energy Star Partner of the Year - Sustained Excellence Award

Apr 23, 2014: AO Smith Develops Ultra-Low NOx, Compact Commercial Water Heater for California

Apr 23, 2014: Dacor Launches First North American Cooktop with Touch Control

Apr 23, 2014: Existing-Home Sales Show Slight March Decrease

Apr 23, 2014: CEA: Consumer Sentiment Down in April

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows