Strategic plan 2006-2010

We wish to become the most original, design-oriented trend setter of home appliances in the world.

We create original, technically perfect, ultimately designed, and user and environment friendly products for enjoyable home.  We are focused into the enhancement of user satisfaction, while creating value for owners, associates, and other partakers of Gorenje Group in a socially responsible manner.

• Net revenues from sales in the year 2010¹: 
  • EUR 1,250 million / 5.0% average annual growth; 27% growth in comparison with the estimation 2005;
• Earnings from operations before depreciation and provisions in the year 2010: 
  • EUR 112 million; 9.0% of net revenues from sales; CAGR = 7.7%; 44% growth in comparison with the estimation 2005;
• Investments in tangible assets: Annual average EUR 40 – 50 million;
• Labor productivity growth (net revenues from sales / average number of employees): Annual average 4.7%;
• Productivity growth of engaged capital (EBITDA / average engaged capital): Annual average 1.0%.

¹ Figures denote internal growth of the Group. The Management estimates that it is feasible to attain further increase in operations in the strategic period of EUR 200-300 million by acquisitions, which would raise consolidated net revenues from sales of Gorenje Group to EUR 1,450 to 1,550 till the year 2010.