Gorenje generated EUR 1, 24 billion in 2014 - For Russia and Ukraine results weaker than expectations

(Photo: gorenje.rs)

Last year, according to first estimations, Slovenian household appliances producer, Gorenje generated EUR 1, 24 billion of profit, EBIT totaling EUR 40 m and some EUR100.000 of pure profit.

It is much better than in 2013 but lower than expected due to fall of sales at Russian and Ukrainian markets in Q4 2014, Gorenje concern amounted on Friday at the internet pages of Ljubljana stock market.

- Business was also featured with demanding and insecure circumstances in Ukraine and Russia and the last quarter saw sales decrease with depreciation of Russian ruble - Gorenje stated, estimating that opportunities in these markets will influence business result this year.

Therefore, business plan 2015, confirmed by the Gorenje’s management board, comprises profit of EUR 1,22 billion which is less than last year and the first decrease in sale at the Russian market, after ten years of constant growth.