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Gorenje dd (GORE.LJ)

GORE.LJ on Ljubljana Stock Exchange

15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Elemental Holding unit calls off Gorenje Surovina deal
Thursday, 14 Jul 2016 03:15am EDT 

Elemental Holding SA : Said on Wednesday that its unit Tesla Recycling called off the Slovenia-based Gorenje Surovina deal . Informed on June 1 that the sale agreement conditions for the 69.32 stake in Gorenje Surovina have not been met [nFWN18T02Y] .Gorenje Surovina is a unit of Gorenje dd Full Article

Elemental Holding unit not buy stake in Gorenje Surovina
Wednesday, 1 Jun 2016 02:13am EDT 

Elemental Holding Sa : Its unit, Tesla Recycling Sp. z o. o. Sp. k., says conditions for the acquisition of the 69.32 percent stake in Slovenia-based Gorenje Surovina d.o.o. have not been fulfilled . Says a material adverse effect occurred as 2015 EBITDA of Gorenje Surovina fell by 46 pct . Moreover, Tesla Recycling has not received the documents confirming the completion of particular stages of Gorenje group's reorganization .The company informed about starting the acquisition negotiations in April 2015 [nFWN0WZ03E].  Full Article

GORENJE dd issues FY 2016 strategy, sees FY 2015 revenue of 1.2 bln euros, sees FY 2016 net profit of 7.6 mln euros
Friday, 15 Jan 2016 03:28am EST 

GORENJE dd:Estimates FY 2015 EBITDA between 78 million euros and 80 million euros.Estimates FY 2015 revenue at 1,217 million euros, which is 0.6 pct short of the plan due to steep drop in the prices of secondary raw materials in the last quarter.Sees FY 2016 revenue rise by 4.6 percent and EBITDA by 13.8 percent.Sees FY 2016 net profit of 7.6 million euros.Says result for the year will largely depend on currency exchange rates.revenue in the core activity of home appliances exceeded the figure planned for 2015.estimates that negative currency translation differences will amounted to 12.6 million euros, or approximately 6 million euros more than planned.FY 2015 EBITDA at 80.8 million euros; revenue at 1.22 billion euros - Thomson Reuters I/B/E/S.  Full Article