In Q1 2016, Gorenje generates profit of EUR 600.000

Source: seebiz.eu Friday, 20.05.2016. 11:24
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Gorenje achieved very good results in the first quarter this year, the company communicated. It generated EUR 6.8 m in operating profit (EBIT) as much as 52 % more than in the same period last year. Net profit totaled EUR 600,000 while last year at this time there was a loss of EUR 2.1 m. In the first quarter, Gorenje " had EUR 28.5 m sales profit which is 6.5 % more than in the same period last year.Increase in the share of innovative and premium appliances under brands "Asko" and "ATAG" contributed to improvement in the sales structure We increased sale of small appliances to strong 18 %, Gorenje says.

Compared to the first quarter last year, the Group reduced te net financial debt of EUR 6.7 m.

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