Zreče, 29 November (STA) - The group Unior, a state-owned tool maker and automotive supplier, generated nearly EUR 220 million in net revenue in the first nine months of the year, slightly down compared to the same period last year. It recorded a net loss of EUR 400,000 in that period, while in the same period in 2023 it had EUR 6.3 million in net profit.
The core company recorded EUR 148 million in revenue in the first nine months, down 4% from the same period last year. It posted a loss of EUR 7.1 million, while last year it made a net profit of EUR 500,000 in the first nine months, Unior said on Friday.
The worse performance is mostly due to a lower business volume in the production of hand tools and machine building, as well as higher labour costs and financing costs.
The orders in their prime line of business, forgings, were good. Both the sales and volume of production surpassed that of the same period last year. Orders were also good in the machine tools segment.
Sales in the tourism segment increased compared to the same period of last year.
The company has taken cost-saving and optimisation measures, including closing its plant in Stari trg ob Kolpi, managing costs and stocks, automating parts of production and optimising the number of employees, which Unior said it would do with utmost social sensitivity.
