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GORENJE, d.d., Velenje

Gorenje Group performance in the first half of 2014

Gorenje Group wraps up the first half with higher revenue and profit of EUR 3.1 million

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).

Following the positive first quarter of the year when Gorenje Group profit reached EUR 1 million, the second quarter bottom line is a further notch higher at EUR 2.1 million. Thus, the profit for the first half totals at EUR 3.1 million, which is consistent with the plan for the year. Improvement over the first half of the year earlier is a result of successful restructuring and better sales. Revenue reached EUR 600.7 million, up 1.8% from the first half of 2013. The steepest revenue growth was seen in Germany, Russia, Bulgaria, Romania, Great Britain, North America, Czech Republic, and Slovakia.

On August 22 at 1.30 PM CET, Gorenje President and CEO Franjo Bobinac and CFO Peter Groznik will discuss Gorenje’s first half results in a live webcast. Detailed information on access to the live webcast will be announced on www.gorenjegroup.com.  

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.gorenje.com, for at least 5 years from the date of this announcement.

Gorenje, d.d.,
The Management Board
Date: 21.08.2014