Kranj, 14 December 2011 – At yesterday's, the 30th regular, meeting the  Supervisory Board of Sava d.d. became acquainted with the business plan of the Sava Group and Sava d.d. for 2012 and the current information about the  implementation of the restructuring strategy of the Sava Group.  

The 2012 business plan of the Sava Group has considered the business forecast for this year and the platform as set out in the Restructuring Strategy of the Sava Group until 2014.  A renewal of the strategy and the management model was dictated by the effects of significant impairments of financial investments in recent years, the need for strengthening the cash flow and the necessity for decreasing Group's financial liabilities.  An important part of the strategic policies in the business plan is the reprogramming of financial liabilities of Sava Group companies, at which a full support by the financial partners – banks creditors of Sava is expected.  
As planned for 2012, Sava Group companies will generate sales revenues of €205.9 million, which is by 6% better than the 2011 forecast. The planned sale for 2011 amounts to €194.1 million or 10% more than in the previous year as well as 1% above plan.
The Rubber Manufacturing with the Foreign Trade Network, which will make 61% of Group's sale, will increase this year's record-breaking sale by 6% to reach €124.3 million. The greatest growth in 2012 will be made with the sale of rubber profiles production in Russia, however, the increase in the sale of rubber printing blankets and rubber products for the car industry will be high too.  The strategic direction of the Rubber Manufacturing will continue to focus on the intense development of new products and technologies, winning new markets and strengthening partnerships with the key customers.   
It is planned that the second largest Sava's division – Tourism – will generate sales revenues of €66.7 million, or one third (33%) of total Group's sales. It is announced that already with 1 January the operations of the present Tourism companies will be merged in one company Sava Turizem d.d. – the largest tourism company in Slovenia.  The plan is to increase the sale by 3% in the first year, mainly with the development of conference, holiday-making and sports tourism, as well as golf, campsite, health services and gastronomic offer.  The strategic plan of Sava Turizem d.d. is to further increase the sale and total profit in the following two years by utilising the synergetic effects of merging the companies.
The Real Estate companies will reduce its volume of operations, which is due to a general decline of activities and investments in the building business.  Owing to an increased demand for cheaper heating sources, an expansion in property management business in SMS d.o.o. and the formation of the company Sava IT d.o.o., into which Sava d.d. will transfer the entire ICT operations in January, the sale of Other Operations will increase by slightly more than a half.  
In the business plan of Sava Group companies a sum of €13.0 million is planned for investments; larger investments in further development are mainly planned in Rubber Manufacturing with the Foreign Trade Network and Tourism.  
In 2012, Sava Group companies will generate a profit from operations totalling €12.1 million.  The profit from operations of subsidiaries will amount to €15.6 million, while the total profit of Sava Group subsidiaries is planned to reach €10.1 million. The major part of the profit will be generated by Rubber Manufacturing, while all Sava Group divisions will generate profit too.  Due to a planned strong improvement in the current business, added value will enhance, and at the level of the Group it will amount to €38.3 thousand per employee in 2012, or 10% more than forecast for 2011.   
The parent company Sava d.d. will begin the year 2012 with a restructured organisation and personnel and a new management model.  At the end of the coming year Sava d.d. plans to generate a total profit of €2.4 million. The presented business plan has not yet included the potential positive effects from the planned sale of financial investments of Sava d.d. For the latter, the decisions about disinvesting will be made in the final phase of checking the market for potential disposals, the process being already underway and including all investments of the company.    
Within the framework of the on-going information about the implementation of restructuring strategy of the Sava Group, the Management Board informed the Supervisory Board that in December Sava d.d. sold a 27% shareholding in the company Job d.o.o. for slightly more than €0.3 million. The sale of certain other financial investments of Sava d.d. is in progress as well.   
 
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