GORENJE, d.d., Velenje

At its 19th Meeting held on Feb. 25, 2005 the Supervisory Board was informed on non-audited Financial Statements regarding the business performance of the Gorenje, d.d., and the Gorenje Group for the year 2004.

Non-audited non-consolidated Financial Statements of the Gorenje, d.d., for the year 2004

The Management Board has evaluated the business achievements for the year 2004 as positive, especially considering the difficult circumstances of the business operations in the year 2004, in form of unexpected huge increase in prices of strategic reproduction and raw materials.

Net revenues from sales of the Gorenje Group amounted to SIT 213,589.4 million, which is 8.8% growth compared to 2003.
Net profit for the year 2004 amounted to SIT 4,915.1 million, which is 3.5% growth compared to 2003.

Date: 28. 2. 2005