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 Meets Profit Target in 2005
Feb 27, 2006
 Printable format
 Email this Article
 Search

Slovenian-based home appliance maker Gorenje reported it finished 2005 with a net profit of SIT 5.1 billion (approx. U.S. $28.3 million), which is 0.8 percent more than a year earlier and in line with plans, the company said.

According to Gorenje, the company generated net revenues of SIT 243 billion (approx. $1.2 billion, which is 12.4 percent more than in 2004 and is 3.4 percent above plans.

The company said that the forecast-beating results come despite difficult conditions on the market. According to the management, the European market -- Gorenje's most important export destination -- continued to be weighed down by economic stagnation and low consumer confidence.

Moreover, the company was hit by a weak U.S. dollar and rising raw material costs, forcing it to seek alternative suppliers and to increase the prices of its appliances.

Back to Daily News

 

Daily News

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

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

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

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

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows