Annual Report Gorenje Group 2009
Annual Report Gorenje Group 2009 Annual Report Gorenje Group 2009
Wet and Dry Programme The manufacture of washers and dryers is carried out at the production location in Velenje within the framework of the parent company. In 2009, the majority of activities in this programme were focused on the development of an energy-efficient condenser dryer with a capacity of up to nine kilograms of laundry, equipped with an integrated steam generator and a LED light, with which we are following world trends in increased washer and dryer loads. The launch of production of steam generator dryers is scheduled in April 2010. Special attention was devoted to energy efficiency, which in washers with six and seven kilogramme loads was improved from class A to class A+ (-10 percent). A novelty in the market is a self-cleaning programme which eliminates problems caused by environment-friendly laundry washing methods. The latest washing programmes enable washing at much lower temperatures and with considerably less water than in the past. We developed a super-short, only 17-minute-long washing programme for less dirty laundry. Other Programmes In addition to the above-mentioned, the division also has the following programmes: • two supporting programmes which manufacture in-built components for home appliances: o the Mekom mechanical component programme carried out within the framework of the parent company and at production locations in Velenje, Šoštanj, Bistrica ob Sotli, and Rogatec; o the IPC programme (entrepreneurial centre for disabled persons) carried out within the framework of the Gorenje I.P.C. company, with programmes at locations in Velenje and Šoštanj; • a programme of thermic and heating appliances carried out within the framework of the company Gorenje Tiki, d.o.o. at production locations in Ljubljana and in Stara Pazova in Serbia; • and a factory for the manufacture and assembly of wheeled vehicles, Indop, d.o.o., in Šoštanj. Home Interior Division The Home Interior Division comprises six basic production programmes. Of these, three are kitchen programmes: Gorenje, Marles and KA kitchens, and three are other programmes: furniture, bathrooms, and ceramics. The division has production locations in Velenje, Šoštanj, the village of Gorenje, Nazarje, and Maribor. In 2009, its activities were focused on the continuous improvement of product quality as well as the optimisation of production costs. Special attention was devoted to the introduction of components from the Far East (China), as well as the unification of materials and semi-finished products at several production locations. Work was also begun on a project aimed at increasing productivity, which will be continued in 2010. 21 Annual Report Gorenje Group 2009
Shares of Gorenje and investor relations SHARE PRICE IN 2009 The high level of uncertainty caused by the financial crisis and the recession reduced the prices of shares on international stock exchanges in 2008. The shares of household appliance manufacturers are among those that were most hard hit by the price drop. In 2009 followed a strong rebound on developed markets, which for various reasons was not entirely followed by Slovenian shares. Consequently, the Ljubljana Stock Exchange index, SBI 20, rose only ten percent in 2009. Gorenje shares surpassed the index growth by eight percentage points, increased by 18.1 percent, and concluded the year at EUR 12.4. Relative Price Movements of Gorenje Shares and the SBI 20 Index in 2009 Source: Ljubljana Stock Exchange 22 Annual Report Gorenje Group 2009
- Page 1 and 2: It was a difficult year. 2009 Annua
- Page 3 and 4: 03 And that is why we are growing.
- Page 5 and 6: 05 We are actively involved in seve
- Page 7 and 8: 07 Ideas give us energy. We have re
- Page 9 and 10: Content Letter of the President of
- Page 11 and 12: As for our traditional markets in E
- Page 13 and 14: The Supervisory Board devoted speci
- Page 15 and 16: Gorenje Group The Gorenje Group is
- Page 17 and 18: Vision, mission, values VISION To b
- Page 19 and 20: BASIC STRATEGIC OBJECTIVES To succe
- Page 21 and 22: The performance of the Division's b
- Page 23 and 24: The products of the Gorenje Group a
- Page 25 and 26: Innovations and products The crisis
- Page 27: Production and quality Home Applian
- Page 31 and 32: OWNERSHIP STRUCTURE Ten Major Share
- Page 33 and 34: OWN SHARES AND VOTING RIGHTS On the
- Page 35 and 36: For the second consecutive year, we
- Page 37 and 38: Report on corporate social responsi
- Page 39 and 40: AVERAGE AGE AND HEALTH CARE In the
- Page 41 and 42: Staff Training Rapid development in
- Page 43 and 44: Culture We realise how important bo
- Page 45 and 46: Quantity of hazardous wastes (kg/pi
- Page 47 and 48: Energy consumption of Gorenje washe
- Page 49 and 50: DR. JOŽE ZAGOŽEN Chairman of the
- Page 51 and 52: PETER KOBAL Member of the Superviso
- Page 53 and 54: FRANJO BOBINAC President of the Man
- Page 55 and 56: DRAGO BAHUN member of the managemen
- Page 57 and 58: FRANC KOŠEC member of the manageme
- Page 59 and 60: GENERAL MEETING OF SHAREHOLDERS The
- Page 61 and 62: EXTERNAL AUDIT The audit of financi
- Page 63 and 64: CODE OBSERVANCE The contents of the
- Page 65 and 66: Business report ECONOMIC ENVIRONMEN
- Page 67 and 68: SALE IN TERMS OF DIVISIONS The Home
- Page 69 and 70: A sharper fall in the market was su
- Page 71 and 72: HOME INTERIOR DIVISION South-Easter
- Page 73 and 74: Structure of sales of the Ecology,
- Page 75 and 76: The main reasons for the reduction
- Page 77 and 78: Due to the circumstances described
Wet and Dry Programme<br />
The manufacture of washers and dryers is carried out at the production location in Velenje within the<br />
framework of the parent company. In <strong>2009</strong>, the majority of activities in this programme were focused on<br />
the development of an energy-efficient condenser dryer with a capacity of up to nine kilograms of<br />
laundry, equipped with an integrated steam generator and a LED light, with which we are following<br />
world trends in increased washer and dryer loads. The launch of production of steam generator dryers<br />
is scheduled in April 2010.<br />
Special attention was devoted to energy efficiency, which in washers with six and seven kilogramme<br />
loads was improved from class A to class A+ (-10 percent). A novelty in the market is a self-cleaning<br />
programme which eliminates problems caused by environment-friendly laundry washing methods. The<br />
latest washing programmes enable washing at much lower temperatures and with considerably less<br />
water than in the past. We developed a super-short, only 17-minute-long washing programme for less<br />
dirty laundry.<br />
Other Programmes<br />
In addition to the above-mentioned, the division also has the following programmes:<br />
• two supporting programmes which manufacture in-built components for home appliances:<br />
o the Mekom mechanical component programme carried out within the framework of<br />
the parent company and at production locations in Velenje, Šoštanj, Bistrica ob Sotli,<br />
and Rogatec;<br />
o the IPC programme (entrepreneurial centre for disabled persons) carried out within<br />
the framework of the <strong>Gorenje</strong> I.P.C. company, with programmes at locations in<br />
Velenje and Šoštanj;<br />
• a programme of thermic and heating appliances carried out within the framework of the<br />
company <strong>Gorenje</strong> Tiki, d.o.o. at production locations in Ljubljana and in Stara Pazova in<br />
Serbia;<br />
• and a factory for the manufacture and assembly of wheeled vehicles, Indop, d.o.o., in Šoštanj.<br />
Home Interior Division<br />
The Home Interior Division comprises six basic production programmes. Of these, three are kitchen<br />
programmes: <strong>Gorenje</strong>, Marles and KA kitchens, and three are other programmes: furniture, bathrooms,<br />
and ceramics.<br />
The division has production locations in Velenje, Šoštanj, the village of <strong>Gorenje</strong>, Nazarje, and Maribor.<br />
In <strong>2009</strong>, its activities were focused on the continuous improvement of product quality as well as the<br />
optimisation of production costs. Special attention was devoted to the introduction of components from<br />
the Far East (China), as well as the unification of materials and semi-finished products at several<br />
production locations. Work was also begun on a project aimed at increasing productivity, which will be<br />
continued in 2010.<br />
21<br />
<strong>Annual</strong> <strong>Report</strong> <strong>Gorenje</strong> <strong>Group</strong> <strong>2009</strong>