Gorenje Group closed the first nine months of 2016 with very positive results. Revenue reached 900.9 million euro (+2.9% compared to the same period of 2015) and profit was equal to 4.1 million euro. Sales revenue was higher than in the second and first quarter of the year and the company continued to improve the structure of sales. Successful performance is fueled by major appliance sales on a part with last year’s same period figure, and 36.3-percent surge in revenue from small domestic appliances. Increased investment into development and marketing provided support for improved structure of sales, evident in the growth of upmarket brand sales, especially the premium brand Asko for which sales were up 7.9 percent, and increase in sales of premium and innovative appliances. At the same time, raw and processed materials costs were adjusted to the higher sales volume, generating considerable savings. Logistics, warranty repairs, and currency risks were also managed well.
