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Friday, 16. March 2018, Velenje
Gorenje receives seven non-binding offers for Gorenje Surovina
By March 16, 2018, we have received seven non-binding offers for gorenje Surovina and its affiliated companies. Following the analysis of all offers received, we have invited five potential investors into the due diligence.
Wednesday, 14. March 2018, Velenje
Gorenje invites three potential partners to perform the due diligence
Following a thorough analysis and review of strategic business elements as well as other elements of non-binding partnership offers received, Gorenje has invited three potential partners into the due diligence phase of the process. All three are based in Asia, are active in the household appliances industry and have submitted offers to acquire a majority stake in the company (at least 50% +1 shares of the whole share capital).
Friday, 9. March 2018, Velenje
Agreement reached at Gorenje; strike cancelled
Gorenje Management Board reached an agreement with the trade union regarding the revision of the company collective labour agreement. As a result, the trade union cancelled today the warning strike announced for March 14th.
Friday, 9. March 2018, Velenje
Gorenje Group 2017 annual report
At the 43rd meeting, held on March 8, 2018, the Supervisory Board of Gorenje, d. d., adopted audited Annual Report of Gorenje, d. d., and the Consolidated Annual Report of the Gorenje Group for the year 2017.
Thursday, 8. March 2018, Velenje
Update on the exploration of strategic partnership opportunities
On 7th March 2018 Gorenje, d. d., received four non-binding offers from potential Asian strategic partners. All of them are active in household appliances industry.
Friday, 23. February 2018, Velenje
Gorenje Management Board response to the announced strike
On February 22, 2018, Gorenje Management Board was informed that the representative trade union SKEI Gorenje was planning a warning strike for March 14, 2018. The reason for the strike is that the Management Board terminated, effective as of February 1, 2018, the company collective labour agreement. While the Management Board respects the employees' right to strike, and we will enable the organizers to assert such rights pursuant to the relevant regulations, we find the strike entirely unnecessary and unwarranted. In the negotiations on the comprehensive revision of the collective labour agreement to date, we have made great progress, and the Management Board is willing to negotiate and seek a compromise.
Monday, 19. February 2018
Gorenje supports Pattern City
Pattern City, a place, dedicated to innovation development, (re)search of smart solutions and acquainting all generations with the most advanced technologies, opened in Velenje in the beginning of February, making Velenje one of the four cities in Europe that develop their own solutions for the future.
Monday, 12. February 2018
Industry 4.0 and smart factories. Are we there yet?
We are already using a fair amount of elements that make up the so-called Industry 4.0. Our job now is to connect all this into a smart whole, a smart factory.
Friday, 2. February 2018, Velenje, Slovenia
Listing of GRV06 commercial paper of the company Gorenje d.d. for trading on regulated market
Gorenje d.d. hereby informs the interested public that it submitted an application for listing of 11,534 denominations of commercial paper with the symbol GRV06, with total face value of EUR 11,534,000, maturing on December 21, 2018, and issued on February 1, 2018, with the central register of dematerialized securities of the KDD d.d. (Central Securities Clearing Corporation), for trading on the regulated market of the Ljubljana Stock Exchange (Ljubljanska borza d.d.), Ljubljana.
Friday, 2. February 2018, Velenje, Slovenia
Sixth issue of commercial paper GRV06
In order to obtain funds for seasonal financing of its operations, Gorenje, d. d., completed its sixth consecutive issue of commercial paper in the amount of EUR 11,534,000. The commercial paper with start of interest accrual period on February 1, 2018, and date of maturity on December 21, 2018, has in the first subscription round the interest rate, at 1.90 percent p.a.
Friday, 2. February 2018, Velenje, Slovenia
Update on the ongoing exploration of strategic partnership opportunities
Following the announcements published on 9th November 2017 and 29th November 2017 in relation to the exploration of strategic partnership opportunities and appointment of the financial and legal advisors, the Management Board of Gorenje, d.d. provides an update on the status of the activities carried out to date.
Wednesday, 31. January 2018
Smart approach to building smart factories – step by step
Digital transformation requires a lot of financial investment, time, and inter- and intradisciplinary, which is why Gorenje Group is addressing it in a very deliberate and gradual manner.
Monday, 29. January 2018, Munich, Germany
HEAD and Gorenje present a new line of appliances supporting a healthier lifestyle
At the ISPO Munich, the world’s largest international multi-segment exhibition for the sports industry, Gorenje and HEAD presented a new edition of Nutri Sport blender and connected kitchen scale to support a healthy and active lifestyle. The ISPO Munich takes place from 28th to 31st of January 2018, while the new small domestic appliances from the HEAD by Gorenje line will be available in spring 2018..
Wednesday, 24. January 2018, Velenje, Slovenia
Gorenje adopts resolution to issue commercial paper and starts the commercial paper offering
The company GORENJE d.d., Partizanska cesta 12, SI-3320 Velenje (hereinafter referred to as Gorenje d.d. or the Issuer or the Company), hereby informs the public that the Company Management Board adopted on January 24, 2018, a resolution to issue commercial paper, based on which the Company will issue commercial paper with a total face value of up to EUR 15,000,000.00, in denominations of EUR 1,000.00. The Issuer reserves the right to either increase or decrease the total face (nominal) value of the issue. The purpose of the issue of commercial paper is seasonal financing of operations, consistently with the cash flow dynamics within the year, and diversification of short-term financing sources. Interest rate on commercial paper is 1.90% p.a. The interest accrual period starts on February 1, 2018, and the principal of commercial paper shall be due for payment on December 21, 2018.
Friday, 19. January 2018, Velenje, Slovenia
Gorenje planning a sixth issue of commercial papers
Gorenje, d.d., is planning a sixth issue of commercial papers, with start of interest accrual date February 1, 2018 and maturity date December 21, 2018. Gorenje will use the proceeds from the commercial papers issue for diversification of short-term financing, primarily for financing the seasonal operations, in accordance with the interim cash flow dynamics, and optimization of funding costs.
Thursday, 18. January 2018, Velenje
Invitation to Apply for Nomination for a Supervisory Board Member Position
The term of office of the seven present members of the Supervisory Board/Representatives of Shareholders of Gorenje, d.d., Velenje, will expire on the 20th July 2018. The Supervisory Board of Gorenje, d.d., Velenje, therefore invites all interested candidates to submit their applications for nomination for a Supervisory Board member position by 7th February 2018. The four-year term of office of all newly appointed members will begin on 21th July, 2018.
Friday, 12. January 2018, Velenje
Gorenje Management Board with two new members in the next term of office
At the session held on January 11, the Supervisory Board was presented the decision by the Gorenje President and CEO not to propose two current Management Board members, Branko Apat and Peter Kukovica, for appointment to the Management Board in the next term of Office and approved such decision.
Friday, 12. January 2018, Velenje
Gorenje's 2017 revenue the highest in five years, 10-percent growth of core activity budgeted for 2018
Gorenje Group accomplished its goal in terms of revenue in 2017, with the figure estimated at EUR 1.307 billion, which is nearly 4 percent more than in the year before. Contributing the most to such revenue growth were sales in the markets of Russia, Ukraine, the Netherlands, the Middle and Far East, the USA, Asia, and Australia. Operating profit reached EUR 21.7 million, and the Group's bottom line for the year was net profit of EUR 1.2 million. Performance in the year was considerably affected by numerous measures for mitigating the negative market conditions, particularly growth of raw and processed materials, which affected the profitability especially in the second half. In 2018, we are planning further growth of revenue and net profit. Consistently with our strategic policies, we shall continue to step up our sales in the markets beyond Europe, while consolidating our market shares in major European markets and increasing the shares of innovative and premium appliances.
Wednesday, 10. January 2018, Velenje
Gorenje's response to Philip Sluiter's allegations at the Shareholders Assembly
During his speech at the Gorenje d.d. Shareholders Assembly, shareholder and former management member Philip Sluiter accused the Management Board and the President and CEO Franjo Bobinac of unlawful conduct and fraud (which is the exact English term he used) regarding the loan to the company Intersolar in 2008. The company and its management strongly reject Philip Sluiter's allegations and hereby provide the following explanations in this respect:
Tuesday, 9. January 2018, Velenje
Gorenje shareholders did not vote in favour of replacement of two Supervisory Board members at the extraordinary general meeting
At the 25th Shareholders Assembly of the company Gorenje d.d., the shareholders did not vote in favour of the proposal to replace the Gorenje Supervisory Board chairman Marko Voljč and Supervisory Board member Uroš Slavinec. Thus, the Supervisory Board shall continue its term of office, expiring in July this year, with the current line-up.
All articles can be found in archive
Friday, 22. December 2017, Velenje, Slovenia
Gorenje repays commercial paper holders GRV05
The company Gorenje, d.d., paid out on Friday, the 22nd of December, 2017, the holders of commercial paper issued on the 24th of January, 2017 with the total face value repaid amounts to EUR 40.0 million. The 22nd of December, 2017, is the maturity date for commercial paper GRV05, issued on the 24th of January, 2017 with a total face value of EUR 40.0 million and an interest rate of 1.30%. The purpose of the commercial paper issue is to diversify the short-term financing sources, financing of operations with a pronounced seasonal dynamic, and optimization of financing costs.
Wednesday, 20. December 2017, Velenje, Slovenia
Gorenje's sponsorship of Torpedo was transparent and effective
Gorenje's response to allegations from an anonymous letter sent to the media An anonymous electronic message was addressed today to Gorenje's Management Board and Supervisory Board, and the editorial boards of Slovenian media outlets, accusing Gorenje Group of illegal and harmful transactions: fictitious contracts, money laundering, and misleading the Supervisory Board. The hurtful allegations pertaining to Gorenje's sponsorship of the Russian football club Torpedo in the 2014/2015 season are entirely inaccurate and false, and they give a misleading impression of non-transparent and dubious operations of the Gorenje Group, which is detrimental to the company's and the Management Board's reputation, and stirs unnecessary uncertainty and agitation among our stakeholders. In the spirit of transparent communication, we have decided to clarify the deal to the interested public with a release on Seonet. We resolutely reject the false allegations brought forth by the author of the anonymous letter, as well as the credibility of the documents attached therewith.
Wednesday, 6. December 2017, Velenje
Convocation of the 25th Shareholder's Assembly Meeting of Gorenje, d. d.
Following a request by the shareholders Home Products Europe B.V., Netherlands, Raiffeisenbank Austria d.d., Zagreb, Croatia, Splitska banka d.d., Split, Croatia, and Unicredit Bank Hungary ZRT, Budapest, for the convocation of Shareholders Assembly of the company Gorenje d. d., Gorenje Management Board hereby convenes the 25th Shareholders Assembly of the company Gorenje d. d. to be held on Tuesday, January 9, 2018, starting at 10.00 a.m., in the conference hall of the Paka Hotel in Velenje, Rudarska ul. 1, Slovenia.
Wednesday, 29. November 2017, Velenje
Gorenje appoints advisors for its search of a strategic partner
As publicly announced on November 9, 2017, Gorenje Group is embarking on an active search of a suitable strategic partner who would back the Group in its long-term and sustainable growth and development, which could also lead to such partner's participation in the company's ownership structure. To support these activities, Gorenje Management Board appointed at its yesterday's session Rothschild S.p.A., Italy, part of the reputable international investment bank Rothschild & Co, as its financial advisor, and the law firm Jadek & Pensa of Ljubljana for legal support in the process. Activities will be presumably completed by the end of the third quarter of 2018. Gorenje will release more details in case of any specific further steps or if the activities are completed.
Tuesday, 28. November 2017, Velenje, Slovenia
How to initiate “circular economy” thinking in the innovation process
Gorenje successfully participated in the project ResCoM - Resource Conservative Manufacturing, co-founded by the European Commission. One of the aims of the project was to develop tools that would help companies with circular economy transformation.
Wednesday, 22. November 2017, Velenje
Company receives requests for convocation of Shareholders Assembly
The company Gorenje Gospodinjski aparati d.d. informed the public on November 17, 2017, that it had received on November 16, 2017, a request by a minority shareholder Home Products Europe B.V. for convocation of shareholders assembly. Yesterday, on November 21, 2017 and today, on November 22, 2017 the company received two further requests, identical in their contents, for convocation of shareholders assembly by shareholders Raiffeisenbank Austria d.d., Magazinska 69, 1000 Zagreb, and Splitska banka d.d., Domovinskog rata 61, 21000 Split, Croatia, represented by the law firm Kontarščak d.o.o. from Maribor. As registered owner of 471,555 Gorenje, d.d., shares, ISIN SI0031104076, the shareholder Raiffeisenbank Austria d.d. with such number of shares does not constitute the shareholding based on which the company management would be obliged by law to convene a shareholders assembly, i.e. one twentieth of total share capital, and neither does the shareholder Splitska banka d.d., as registered owner of 407,831 Gorenje, d.d., shares, ISIN SI0031104076. However, the requests are identical to the request by the shareholder Home Products Europe B.V. and therefore, the company will address all requests together.
Tuesday, 21. November 2017, Velenje
Supervisory Board statement on a request for convocation of a Gorenje Shareholders Assembly
Good six months before the expiry of Gorenje Supervisory Board's term of office, shareholder Philip Sluiter requested convocation of an extraordinary general meeting to demand replacement of two Supervisory Board members. This has stirred some allegations in the media and the general public of overly congenial relations between the Supervisory Board and the Management Board. In the spirit of transparency and sound corporate governance, we believe the resulting circumstances require a response by the Supervisory Board.
Friday, 17. November 2017, Velenje, Slovenia
Company receives request for convocation of Shareholders Assembly
The company Gorenje gospodinjski aparati d.d. hereby informs that it received yesterday, November 16, 2017, in the evening a request from minority shareholder Home Products Europe B.V. for convocation of a Shareholders Assembly.
Friday, 17. November 2017, Velenje, Slovenia
Financial calendar for the year 2018
Gorenje, d.d., is releasing its financial calendar for the year 2018.
Tuesday, 14. November 2017, Ljubljana
Gorenje recognized as the most environmentally friendly company
At the traditional environment convention, organized by the Finance daily paper and the Eko Fund, with this year's instalment titled "Excellence, Innovation, and Efficiency in Practice – Environmentally Friendly Projects in Slovenia and Abroad", Gorenje received an award for the most environmentally friendly company. At Gorenje, successful pursuit of our strategy of developing environmentally friendly products is also accompanied by systematic reduction of energy and water consumption, and reduction of waste in manufacturing processes. Our success in the field has been acknowledged by many environmental accolades received to date.
Monday, 13. November 2017, Velenje, Slovenia
Gorenje's reporting compliant with the relevant legislation
Following up on the notification dated October 26, 2017, that Gorenje received from the ATVP (Securities Market Agency) a Request for Submission of Reports and Information regarding the article in the Delo daily paper on the alleged termination of business cooperation between the Gorenje Group and Panasonic, we hereby inform the public that Gorenje received on November 10, 207, from the Securities Market Agency (ATVP) a notification ant the Agency did not find in the supervisory procedure in conducted any breaches of legislation regarding Gorenje's reporting as a public company.
Thursday, 9. November 2017, Velenje
Gorenje to actively explore strategic partnership opportunities
Gorenje Group’s strategic guidelines have been constantly driving the group towards the exploration of potential strategic alliance opportunities aimed at pursuing growth of business, economies of scale to guarantee cost competitiveness, strengthening brand power, accessing prime distribution channels, accelerating product innovation and business digitalisation. The globalisation and consolidation trends which have been characterizing the white good industry over the last years, have further stimulated the group to proactively search for available strategic partnership opportunities.
Thursday, 9. November 2017, Velenje
Gorenje Group with revenue and profits increase, despite a challenging quarter
With challenging conditions in both downstream and upstream markets, as well as the labour market, Gorenje's performance remains stable as the Group generated nearly EUR 944 million of sales revenue in the first nine months of the year, or 4.8 percent more than in the same period last year. Comparable operating profit before depreciation and amortisation (EBITDA) was higher by good five percent as it nearly reached EUR 59 million. Net profit at EUR 4.6 million was 12.1% higher than in the equivalent period of the year before. We increased our sales of major domestic appliances, including the premium brands, and small domestic appliances. We also improved our geographical structure of sales and increased our revenue from other businesses. Performance in the third quarter was negatively affected by slower sales that fell short of the budget, especially in the markets of Germany and Great Britain; rising prices of materials and components; labour cost pressures; and decrease of productivity as a result of mass production launch for new generations of products. Considering the typical dynamics within the year, we expect to see the largest share of revenue in the last quarter, which in turn will also affect the overall performance. In view of the said negative circumstances, we find that all key objectives laid down for 2017 are not attainable, despite the many measures introduced to mitigate them.
Tuesday, 7. November 2017, Velenje
Gorenje gets its own postage stamp
On Friday, November 10, Pošta Slovenije (the Slovenian postal service) will issue a special-edition postage stamp from the Slovenian Industrial Design series, depicting the Gorenje Simple & Logical washing machine. The revolutionary product – the first touch-controlled home appliance – was a global innovation. For Gorenje, it meant the start of a user-centric design approach that emphasizes simplicity of use and which Gorenje continues to pursue under the slogan Life Simplified.
Friday, 3. November 2017, Ljubljana
Impressive ideas at the first Gorenje Group hackathon
Over the past weekend, October 28 - 29th, the first Gorenje Group International Business Hackathon took place at the Ljubljana Technology Park. At the event, organized by the Corporate University of Gorenje in cooperation with companies CorpoHub and Microsoft Slovenia, 63 participants from 10 countries sought to develop solutions for business challenges of the digital future. The winning idea took into account the lifestyle, development and communication trends as well as shopping and retail trends of the future.
Thursday, 26. October 2017, Velenje, Slovenia
Notification about Request for Submission of Reports and Information
Gorenje received from the Securities Market Agency a Request for Submission of Reports and Information, based solely on the articles published in the Delo daily paper, regarding the discontinuation of business cooperation between the Gorenje Group and Panasonic. Misleading claims about the termination of cooperation between the two corporations were subsequently cited by other media outlets. Gorenje will respond to the said request by the Securities Market Agency in compliance with the effective legislation and within the specified deadlines. We also requested from the Delo daily paper to correct the false allegations and to observe our right to reply to them, pursuant to the Media Act.
Thursday, 19. October 2017, Ljubljana
Gorenje wins special award for introduction of superior design to domestic appliances
At the Design Month national award ceremony, Gorenje was presented a special award for persistent promotion of superior design in the domestic appliance industry.
Thursday, 12. October 2017, Kragujevac
Gorenje donates a 3D printer to the Kragujevac Polytechnic
Yesterday at the convention of Serbian mechanical engineering schools, the company Gorenje MDM, of Kragujevac, donated a 3D printer to the Polytechnic in that town. The device was made as a part of a project task by Gorenje MDM scholarship holders from Kragujevac who have attended the Velenje School Centre in the last two years. Gorenje MDM sent four Serbian high school students to the Velenje school in order to secure new excellently trained young employees with adequate technical knowledge for work at the toolmaking plant, and to bring the company closer to the young generation.
Monday, 9. October 2017, Velenje
Gorenje Group company ATAG wins the first smart kitchen contract in the Netherlands
The Gorenje Group company ATAG was chosen by the largest Dutch home investor Syntrus Achmea to fit 44 luxury smart home apartments with ATAG Connect Life smart kitchen appliances. ATAG will launch their connected appliances on the Dutch market by the end of this year, followed next year by the ASKO brand in Denmark. This marks the entry of Gorenje Group in the connected home segment as the ATAG and ASKO experience will later be used for the entire Group connectivity platform.
Friday, 6. October 2017, Velenje
Gorenje receives the Disabled-Friendly Company certificate
At the Days of Professional and Employment Rehabilitation, or the REHA Days, 2017, Gorenje received an award for good practice of hiring disabled persons, and the Disabled-Friendly Company certificate that was presented to the company on behalf of the Ministry of Labour, Family, Social Affairs and Equal Opportunities by the Minister Anja Kopač Mrak.
Tuesday, 3. October 2017, Velenje, Slovenia
Temporary suspension of trading with the GV01 corporate note due to KDD (Central Securities Clearing Corporation) procedures in the central register
Gorenje d.d. hereby informs the public that October 10, 2017, is the date for the interim payment of the principal of the amortizing corporate note with the symbol GV01. Holders of GV01 who are registered in the KDD (Central Securities Clearing Corporation) register as at October 4, 2017 (cut-off date) shall be entitled to the payment of the principal and relevant interest. In accordance with the KDD Rules of Operation dated December 14, 2016, as changed and amended on January 23, 2017, interim payment of principal of an amortizing corporate note is deemed a corporate action in which KDD shall provide to the holders of the GV01 corporate note a payment, deletion, and issue of a corporate note with the same ISIN code, yet with a reduced principal. Upon this basis, the KDD requested from the Ljubljana Stock Exchange (Ljubljanska borza d.d.) and the issuer Gorenje d.d. to temporarily suspend the trading with the GV01 corporate note in the period October 3, 2017, to October 10, 2017, and Gorenje d.d. has done as requested.
Wednesday, 27. September 2017, Brdo pri Kranju
Gorenje's SmartFlex dishwashers win gold award for the best Slovenian innovations
Gorenje's innovators again won the gold national award of the Slovenian Chamber of Commerce and Industry for the most innovative enterprises and innovators, with their new generation of Gorenje SmartFlex dishwashers. The selection of the best Slovenian innovations took place for the fifteenth time in a row. This year, the contest included 744 innovators with 182 entries. The award ceremony took place as a part of the Innovation Day at which Gorenje Group also presented its experience and achievements in the field of circular economy.
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