UNI - EN REPORT No17/2015
Pursuant to the Rules and Regulations of the Ljubljana Stock Exchange, d.d., the Financial Instruments Market Act, the Corporate Governance Code for Joint Stock Companies, and in accordance with the provisions of the Code of Best Practice for WSE Listed Companies, the company Gorenje, d.d., Velenje, hereby makes the following announcement:
Issuer: Gorenje gospodinjski aparati, d.d. (short name: Gorenje, d.d.), Partizanska 12, SI-3320 Velenje, Slovenia
Announcement of the Supervised Information’s is referring to Article 106 and 112 of Market in Financial Instruments Act (ZTFI – Semi annual report).
After a very challenging start of the year, Gorenje Group generated revenue just short of EUR 290 million in the second quarter, a good 8% increase over the first quarter of the year. Owing to prompt response to the deterioration of macroeconomic conditions in Russia and Ukraine and intensive marketing activities in other markets, sales bounced back in May and June. In July, sales exceeded the last year's figure, and according to the current revenue estimate for the second half, revenue for the entire 2015 will be consistent with the plan. Results heavily affected by currency exchange rates and conditions in Russia and Ukraine. Gorenje by Starck collection unveiled at the IFA tradeshow.
Please, find attached the Management Board comment on Gorenje Group second quarter performance and outlook for the second half of 2015.
Disclaimer: The English text for all announcements is for information purposes only!
The information in this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, www.gorenjegoup.com, for at least 5 years from the date of this announcement.
The Management Board