Bloomberg News

Slovenia's Renault Unit Profit Drops on Japan Eartquake

June 14, 2012

Revoz d.d., the Renault SA (RNO) unit in Slovenia, said profit last year dropped 25 percent due to a shortage of parts as a consequence of the earthquake in Japan in March 2011.

Net income fell to 13.9 million euros ($17.5 million) from 18.6 million euros the previous year, the Novo Mesto, Slovenia- based company said in an e-mailed statement today. Revenue at Slovenia’s second-biggest exporter after appliance maker Gorenje Group d.d. dropped 15 percent to 1.13 billion euros in 2011.

The company’s supervisory board extended the mandate of the three-member executive board, including its president Ales Bratoz, until June 2016. The company said it will pay no dividend from last year’s earnings.

To contact the reporter on this story: Boris Cerni in Ljubljana at

To contact the editor responsible for this story: James M. Gomez at

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