ANNUAL REPORT 2008 - Gorenje Group

47
ENERGY
• Sales revenue doubled in comparison with the plan, and together with the operations
of subsidiaries exceeded EUR 150 million.
• The sale of wood biomass in Slovenia was stimulated by subsidies aimed at
enhancing the consumption of this energy product.
• Higher revenue and profits in the marketing and sale of electric power were
achieved primarily through the marketing of electric power in new markets in
Serbia, Hungary, Greece and Albania.
• New buyers of coal were acquired in Italy and Hungary, and the majority of coal
from the contractual year 2008/2009 was already sold in 2008.
• A large portion of electric power sold in Slovenia was obtained from domestic
sources. Part of the wood biomass was supplied by the Company’s own production
facilities in Bosnia, and more than half of the biomass was purchased
from Slovenian manufacturers. The source of eco coal was limited to Indonesian
sources. Due to higher demand, a portion of the coal was also purchased
through two other suppliers.
ECOLOGY
• Sales were recorded in the amount of EUR 97.9 million and exceeded the targets
by more than 20%. The key contributors to this result were Surovina (78%),
followed by the area of hazardous waste processing led by Kemis (13.4%), while
EUR 8.3 million or 8.4% was contributed by the companies Erico, Econo and
Publicus. The companies based in Slovenia and Croatia surpassed the planned
sales, while a slight decline was recorded in B&H and Serbia.
• Business operation was primarily the result of organic growth, with less new
capital links than in previous years.
• Having rounded off its offer of services, this area is becoming an increasingly
more important player in the market of integral management of industrial and
hazardous wastes. This sound basis has improved conditions for the expansion
of the service pallet and expansion to the markets of neighbouring countries.
• The consequences of the crisis were strongly felt in the last quarter of 2008, primarily
in secondary raw materials. The negative trend is expected to continue
into 2009 and directly or indirectly affect other companies as well.
SERVICES
• In the area of services, Gorenje GTI, d.o.o. and Gostinstvo, d.o.o. retained an
important share in the total sales revenue.