Maribor, 02 September (STA) - The Slovenian subsidiaries of Henkel, a German group specialising in adhesives, beauty products and laundry and household detergents, generated EUR 89m in revenue last year, while profit topped EUT 7.7m. The results of the production company were slightly better than in 2016, while the retail arm saw both revenue and profit halve.

Henkel Slovenia, the sales company headed by Željko Smodlaka, which employs 30 people, generated EUR 39.4m in revenue last year, which is a significant drop from EUR 73.2m in 2016. Net profit was down from EUR 7.5m to EUR 3.2m.

Smodlaka points to demanding situation on the market in the report published on the website of the AJPES agency for public legal records, but says that the main reason for lower figures is a transition to a new model of sales in the region.

Last year, the Henkel Global Supply Chain was set up for sales to all associated companies in Croatia, Serbia, Bosnia-Herzegovina, Romania, Bulgaria and Albania. So far Henkel Slovenia was in charge of the sales of Henkel products in Slovenia, Macedonia, Kosovo, Montenegro and Albania.

This resulted in a 46% lower sales of the Slovenian company.

Henkel Maribor, the production company headed by Rolf Müller Grünow, last year generated EUR 39.6m in revenue, up more than EUR 3m compared to 2016.

Net profit of the company, employing 560 people, reached EUR 4.5m last year, up EUR 2m from 2016.

The company also reported of investments into sustainable development, logistics and production.