We are the Gorenje Group
Preformance Highlights
| Comparable | |||||||
|---|---|---|---|---|---|---|---|
| in EUR million | 2011 | 2010 | 2009 | 2008 | 2011 | 2010 | Change (%) |
| Consolidated revenue | 1.422,2 | 1.382,2 | 1.185,9 | 1.330,8 | 1.288,1 | 1.221,8 | 5,4% |
| EBITDA | 86,7 | 108,7 | 68,2 | 94,0 | 85,4 | 91,4 | -6,6% |
| EBITDA margin, % | 6,1% | 7,9% | 5,8% | 7,1% | 6,6% | 7,5% | / |
| EBIT | 36,5 | 56,4 | 12,1 | 36,9 | 41,1 | 41,9 | -1,9% |
| EBIT margin, % | 2,6% | 4,1% | 1,0% | 2,8% | 3,2% | 3,4% | / |
| Profit before tax | 11,1 | 22,5 | -9,3 | 15,5 | 15,1 | 8,0 | 88,8% |
| Net income | 9,1 | 20,0 | -12,2 | 10,2 | 11,3 | 4,9 | 130,6% |
| ROS, % | 0,6% | 1,4% | -1,0% | 0,8% | 0,9% | 0,4% | / |
| Free cash flow (narrow)* | 35,8 | 17,8 | 33,0 | -45,1 | 18,4 | 7,2 | 154,7% |
| Net financial debt** | 382,5 | 401,2 | 425,1 | 463,7 | 388,5 | 377,6 | 2,9% |
| Net financial debt / EBITDA | 4,4 | 3,7 | 6,2 | 4,9 | 4,5 | 4,1 | 10,1% |
| Earnings per share (in EUR) | 0,57 | 1,34 | -0,83 | 0,66 | 0,71 | 0,32 | 119,5% |
| * Profit after tax + depreciation and amortisation expense – CAPEX + divestment –+ change in inventories –+ change in trade receivables –+ change in trade payables | |||||||
| ** Non-current financial liabilities + current financial liabilities – cash and cash equivalents | |||||||
| Source: Data from Gorenje Group | |||||||
Sales growth
Low sales growth in the Home Appliances Division, significant growth in the Ecology, Energy and Services Division. More ...
EBIT remaining at the 2010 level
Gross margin impairment due to sales structure changes and strong raw material and material price increases, positive effect of some events independent of current operations. Loss incurred by the Home Interior Division and the Asko Group. More ...
Exceeding the previous year's and planned level of free cash flow
Working capital optimisation and its significant effect, focused investments, disinvestment of the Energy business segment and part of unnecessary property. More ...
Lowering the net indebtedness level
Implementation of financial covenants, improvement of the net finance debt to EBITDA ratio. More ...