Annual Report Gorenje Group 2009

EVENTS AFTER THE REPORTING DATE
On 25 January 2010 a decision of the District Court in Kranj was issued relating to the entry of the
establishment of the company EKOGOR družba za predelavo in obdelavo odpadkov, d.o.o., Jesenice;
the company PUBLICUS, d.o.o. Ljubljana is among the partners of the company (a major one holding
51 %).
On 26 January 2010 the management board of Gorenje, d.d., published a summary of the strategic
plan of the Gorenje Group for the period 2010-2013.
The supervisory board of Gorenje, d.d., appointed a five-member nomination board for the commission
of the supervisory board in its meeting of 2 March 2010. The nomination board met on 5 March 2010.
The meeting was chaired by the Chairman of the board Bachtiar Djalil. In the meeting the nomination
board took a decision about the beginning of the procedure for the preparation of proposal for the
appointment of members of the supervisory board of the company that has to be concluded until 6 April
2010.
In the meeting of 11 March 2010 the supervisory boars confirmed the members of the nomination
board, expanded the composition of the board by one member and in compliance with the provisions of
the Companies Act Peter Ješovnik, M.Sc. was appointed chairman of the nomination board. Members
of the nomination board are the chairman of the supervisory board Jože Zagožen, Ph.D., Bachtiar
Djalil, representative of Kapitalska družba, d. d., Andraž Grahek, representative of KD Skladi, d. o. o.,
Philip Sluiter, representative of Home Products Europe B. V., and Bogomir Kovač, Ph.D. representative
of the human resources - accreditation board.
OBJECTIVES AND FORECASTS FOR 2010
In the last quarter of 2009 the conditions of operation importantly improved in our key markets when
compared to the beginning of the year. World economy came out of the recession and the decrease in
currencies in South-East and Eastern European markets stopped. In spite of some problems that are
still evident (uncertain conditions in the labour market and difficult accessibility to bank financing)
customers responded to the improved conditions by greater demand for durable goods including our
products. It has been estimated in the Gorenje Group that the positive trend will continue also in the
year 2010 and will again enable achievement of growth in revenue and operation with a positive result.
In spite of optimism we are aware that we still operate in severe market conditions demanding
continuation of measures taken already in the year 2009 and whose goals are generation of a positive
cash flow and growth in market shares along with the maintenance of production jobs.
One of the most important measures will remain selective limitation of investments to 28.8 million EUR
or 2.3 % of sales revenue (the same share as in 2009) in 2010. Above all, the technological and
product development of the household appliances division will be strengthened, since 76.1 % of the
Group's investments will be made in this division.
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Annual Report Gorenje Group 2009