Nazarje, 01 March (STA) - Household appliances company BSH Hišni aparati, a Slovenian subsidiary of German concern BSH Bosch and Siemens, posted EUR 30.1m in net profit last year, on par with profit from 2011. Revenue reached EUR 316.8m and was 1% above plan, BSH boss Gerald Schmidt told a press conference on Friday.
Schmidt labelled the company's results as successful despite negative economic conditions. The Nazarje-based plant produced 6.8 million items, maintaining the production volume at 2011 levels. Most of the output consists of small household appliances under the Bosch and Siemens brand names. Over 98% of the appliances is exported to foreign markets.
BSH Hišni aparati invested EUR 13.6m into new and existing development projects in 2012, which is 30% above the three-year average. Most of the cash went into the development of high-end coffee makers, which have been the main strategic focus of the company since 2011, Schmidt said.
In the past 20 years, the company spent EUR 178m on investments and development projects and produced 78 million items, multiplying revenues by over 14 times. The company employed 1,236 people at the end of 2012.