GRVG Note - Profitability Deteriorated by FX Differences
​Gorenje is one of SEE's leading household appliances manufacturers, involved in production of small and major appliances, heating, ventilation and air conditioning appliances and other services related to home.
Gorenje dd is a Slovenia-based company engaged in the production and sale of household appliances. The Company operates through three business segments: Home, producing and selling products and services for home, such as major domestic appliances (MDA), small domestic appliances (SDA), heating, ventilation, air conditioning (HVAC) and kitchen furniture; Ecology, providing ecology-related services; and Other, with such activities as tool-making, engineering, hotels and hospitality services, trade, and design services. The Company covers the global markets with a portfolio of ten brands: Gorenje, Gorenje+, Korting, Sidex, Mora, Atag, Etna, Pelgrim, Asko and Upo. As of December 31, 2011, the Company was the parent company of the Gorenje Group, which consisted of numerous companies in such countries as Slovenia, Austria, Germany, Italy, France, Spain, the United Kingdom, Denmark, Sweden,, Norway, the Czech Republic, Slovakia, Hungary, Poland, Bulgaria and Croatia, among others.
InterCapital is an independent investment company established in 2001, and is one of the leading companies for trading of financial instruments, asset management and investment banking services in the Republic of Croatia, as well as the neighbouring markets of Slovenia, Serbia, Romania and Bulgaria. Both equity and macro analyses provided by our research team help further increase value offered to our clients.
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