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Friday, 11. May 2018, Velenje, Slovenia
Information on the announcement of the takeover intention for the purchase of all shares of Gorenje, d.d.
Management board of Gorenje, d.d., has been on 11 May 2018 informed by the agent acting for the HISENSE Luxemburg Home Applinace Holdings S.ar.l., Luxemburg (henceforth: »Offeror«) of the takeover intention for the purchase of shares of Gorenje, d.d. Offeror's takeover intention states that it intends to publish the takeover bid for the purchase of all shares of Gorenje Gospodinjski aparati, d.d., pursuant to the relevant law. The takeover intention was published in the DELO newspaper on 11 May 2018.
Friday, 11. May 2018, Velenje
Convocation of the 26th Shareholders Assembly Meeting of Gorenje, d. d.
Pursuant to relevant legislation, the Management Board and the Supervisory Board of Gorenje, d. d., hereby convene the 26th Shareholders Assembly Meeting of Gorenje, d. d., to be held on Tuesday, June 12, 2018 at 11 AM in the Hotel Paka Conference Hall in Velenje, Rudarska ul. 1, Slovenia.
Thursday, 10. May 2018, Velenje
Gorenje Group stable in the first quarter, with a profit EUR 2.5 million
In the first three months of this year, Gorenje Group generated revenue of EUR 296 million and profit of EUR 2.5 million. We generated over 83 percent of our total revenue in our core activity of Domestic Appliances, and we increased our revenue from sales of domestic appliances under our own brands by 4 percent. Consistently with the strategic plan, we continue to boost sales beyond Europe and sales of premium and innovative appliances, and increase our investments into development.
Wednesday, 9. May 2018, Velenje
Gorenje chooses Hisense as the best bidder
On 8 May 2018, Gorenje, d. d., received 3 binding offers by the interested strategic partners from Asia and on 9 May 2018, the two best bidders have been requested to improve their offers.
Tuesday, 8. May 2018, Velenje
Gorenje receives 3 binding offers from potential strategic partners
On the 8th May 2018 Gorenje, d.d. received 3 binding offers from potential Asian strategic partners.
Friday, 20. April 2018, Milan, Italy
Gorenje Group's premium brand ASKO at EuroCucina 2018
ASKO, the global, premium appliance manufacturer, is showcasing new exciting products at the Milan kitchen trade show EuroCucina 2018 in Italy. The products in focus are a new dishwasher range with the world’s largest wash capacity, a wok burner able to reach temperatures over 200°C and a new range of built-in fridges Nordic Fresh.
Thursday, 19. April 2018, Velenje
At Gorenje, negotiations on new company collective labour agreement continue
Representatives of the Management Board and the representative trade union at Gorenje continue their negotiations on the comprehensive overhaul of the company collective labour agreement.
Wednesday, 11. April 2018, Velenje
Gorenje named most energy efficient company by readers of Finance
Gorenje Group received the prestigious “Most energy efficient company of 2017” award at the annual Energy Professionals Conference. Competing against projects from all over Slovenia, readers of Finance who cast their votes online, recognized the many projects Gorenje has executed in the past that improved the energy and hence business efficiency of the company.
Monday, 9. April 2018, Velenje
Gorenje wins 5 Red Dot design awards
Velenje based appliance manufacturer Gorenje picked up 5 awards at this year's prestigious Red Dot design awards. The jury awarded the outstanding design of their latest Gorenje brand WaveActive washer and dryer, as well as the built in cooler, freezer and integrated coffee machine by Atag brand.
Thursday, 5. April 2018, Velenje, Slovenia
Information on major holding of voting rights - 5 April, 2018
The company Conseq Investment Management, a.s., from Prague, informed us on 4 April 2018, that as on 28 March 2018 the investment funds under its management increased the joint stake of all voting rights in the company Gorenje, d.d., to 7.05% (1,721,788 GRVG shares).
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.
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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.
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