As a company group, Gorenje earned 5.5 million euros of profit. According to Gorenje CEO Franjo Bobinac, the main reason for the net loss is the negative effects of currency rates between the rouble and the euro as well as between the dollar and the euro. Without these, the group would have had a positive outcome.

„I'm convinced that the results of Gorenje, especially in this year, have been heavily influenced by objective circumstances, which are related to Russia and Ukraine. From its position on drastically shrinking markets, Gorenje could not have emerged unscathed," argues Bobinac.

The conditions in Russia had a negative impact that totaled EUR 10.5 million in nine months. The growth in sales, on the other hand, occurred on other markets of Central and Eastern Europe, the Benelux and beyond Europe.

G. C., MMC; translated by K. Z.