Published on December 7th, 2017 | by The GC Team0
Gorenje looks for new strategic partner following net profit announcement
Kitchen appliance manufacturer Gorenje has announced a 12% growth in the first nine months of 2017, which equates to a net profit of €4.6m and a 5% sales increase of €944m.
Following this, Gorenje has revealed it is now seeking a suitable partner and potential shareholder to be in place by the end of Q3 2018.
The new partnership would aim “to assist with the improvement of cost efficiency and to strengthen the firm,” which is Slovenia’s second largest exporter.
Iztok Krulc (pictured), managing director at Gorenje UK, says: “Whilst the cost of raw materials has continued to rise, we’ve had a successful year and are keen to build on that with this collaboration. The business is built on strong foundations and a rich heritage, and is something we want to continue in order to take Gorenje to the next level.”
Gorenje has in part attributed the 12% net profit increase to more customers replacing their kitchen appliances with newer, energy-efficient models.
Iztok adds: “People are wanting to save money on running costs or boost their green credentials, and are becoming increasingly aware of how impactful highly-rated appliances can be. We have always prioritised energy efficiency and it’ll certainly continue to be at the top of the agenda for production during 2018.”
As a leader in energy-efficient appliances, 83% of Gorenje’s product range is rated A or above.