Despite operating losses generated last year, Elan concluded 2009 with positive results, largely thanks to a settlement with KIH and Gorenjska banka, announced the Chairman of the Supervisory Board Stojan Nikolic. Elan will conclude the year with EUR 7 million in balance profit and EUR 7 million in operating losses, added Nikolic.

According to unaudited data for last year, the company reported EUR 35 million in revenue in the winter division and EUR 15 million in the nautical division. Elan expects to generate similar results this year – EUR 1 million in profit in ski division and some EUR 1.3 to EUR 1.5 million in losses in the vessel division.