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GORENJE, d.d., Velenje

Non-audited Financial Statements of Gorenje, d.d., and Gorenje Group for the year 2008

At its 24th Meeting held on 26 February 2009 the Supervisory Board was informed on non-audited Financial Statements regarding the business performance of Gorenje, d.d., and Gorenje Group for the year 2008.

In the opinion of the Management Board of Gorenje, d.d., despite very difficult economic conditions, especially in the last quarter, which was historically one of the hardest, the Group continued to increase revenue and EBITDA. The smaller growth of the volume of business operations and the smaller production utilization caused lower profit as from the year before, as regards the level of performance as level of the net profit.

The companies included into consolidation:
In addition to the mother company - Gorenje, d.d., the Consolidated Financial Statements of the Gorenje Group for 2008 also include the following subsidiary companies:

In Slovenia: Gorenje I.P.C., d.o.o., Velenje; Gorenje Tiki, d.o.o., Ljubljana; Gorenje GTI, d.o.o., Velenje; Gorenje Notranja oprema, d.o.o., Velenje; Gorenje Gostinstvo, d.o.o., Velenje; LINEA SP, d.o.o., Velenje; Energygor, d.o.o., Velenje; Kemis d.o.o., Radomlje; Gorenje Orodjarna, d.o.o., Velenje; ZEOS, d.o.o., Ljubljana; Istrabenz Gorenje, d.o.o., Nova Gorica; GEN-I, d.o.o., Krško; Istrabenz investicijski inženiring, d.o.o., Nova Gorica; Surovina, d.d., Maribor; INDOP, d.o.o., Šoštanj; ERICO, d.o.o., Velenje; Istrabenz Gorenje inženiring, d.o.o., Ljubljana; GORENJE PROJEKT, d.o.o., Ljubljana; GORENJE DESIGN STUDIO, d.o.o., Velenje; Vitales Nova Gorica, d.o.o., Nova Gorica; PUBLICUS, d.o.o., Ljubljana; Istrabenz Gorenje avtomatizacija procesov, d.o.o., Kisovec; Istrabenz Gorenje Projekt, d.o.o., Trbovlje; BPC, d.o.o., Solkan.

Abroad: Gorenje Beteiligungsgesellschaft m.b.H., Austria; Gorenje Austria Handelsgesellchaft m.b.H., Austria; Gorenje Vertriebsgesellschaft m.b.H., Germany; Gorenje Körting Italia S.r.l., Italy; Gorenje France S.A.S., France; Gorenje BELUX S.a.r.l., Belgium; Gorenje Espana, S.L., Spain; Gorenje UK Ltd., Great Britain; Gorenje Skandinavien A/S, Denmark; Gorenje AB, Sweden; Gorenje OY, Finland; Gorenje AS, Norway; OÜ Gorenje, Estonia; SIA Gorenje, Latvia; Gorenje spol. s r.o., Czech Republic; Gorenje real spol. s r.o., Czech Republic; Gorenje Slovakia s. r.o., Slovak Republic; Gorenje Budapest Kft., Hungary; Gorenje Polska Sp. z o.o., Poland; Gorenje Bulgaria EOOD, Bulgaria; Gorenje Zagreb, d.o.o., Croatia ; Gorenje Skopje, d.o.o., Macedonia; Gorenje Commerce, d.o.o., Bosnia and Herzegovina; Gorenje, d.o.o., Serbia; Gorenje Podgorica , d.o.o., Montenegro; Gorenje Romania S.R.L., Romania; Gorenje aparati za domaćinstvo, d.o.o., Serbia; Mora Moravia s r.o., Czech Republic; Gorenje - kuchyne spol. s r.o., Czech Republic; Kemis-Termoclean, d.o.o., Croatia; Kemis BiH, d.o.o., Bosnia and Herzegovina; Gorenje Invest, d.o.o., Serbia; Gorenje Gulf FZE, United Arab Emirates; Gorenje Tiki, d.o.o., Serbia; GEN-I, d.o.o., Croatia; Intrade energija, d.o.o., Bosnia and Herzegovina; Vitales, d.o.o., Nova Bila, Bosnia and Herzegovina; Gorenje Istanbul Ltd., Turkey; Sirovina, a.d., Serbia; Gorenje TOV, Kiev, Ukraine; Vitales, d.o.o., Bihač, Bosnia and Herzegovina; GEN-I, d.o.o., Serbia; Vitales, d.o.o., Sokolac, Bosnia and Herzegovina; ST-Bana Nekretnine, d.o.o., Serbia; GEN-I, Kft., Hungary; Kemis, d.o.o., Valjevo, Serbia; Kemis - SRS, d.o.o., Bosnia and Herzegovina; ATAG Europe BV, Nederland; ATAG Nederland BV, Nederland; ATAG BelgiŽ, Belgium; ATAG Financiele Diensten B.V., Nederland; ATAG Financial Sevices B.V., Nederland; Intell Properties B.V., Nederland; ATAG Special Product B.V., Nederland; Gorenje Kazakhstan, TOO, Kazakhstan; Gorenje kuhinje, d.o.o., Ukraine; Vitales Energie Biomasse S.R.L., Italy; Vitales Čakovec d.o.o., Croatia; »Euro Lumi & Surovina« SH.P.K., Kosovo.

Disclaimer: All announcements in English language are only for information purposes!

The information of this announcement will be available on the official web site of the company Gorenje, d.d., Velenje, Slovenia, gorenje.com, at least 5 years from the date of the announcement.


Gorenje, d.d.
The Management Board


Date: 26. 2. 2009

Attachments: Non-audited Financial Statements of Gorenje, d.d., for the year 2008, Non-audited Consolidated Financial Statements of the Gorenje Group for the year 2008