Total net sales revenue in 2016 was actually higher, at EUR 167.9m, but the figure includes the result of the tourism arm Unior Turizem, which was separated from the core company last August and renamed Unitur.

Unior said in the report issued on Friday that the business environment on the export markets and in the activities of key importance for the company was in the best shape since 2008.

The tool maker exports more than 95% of its production, mainly for automotive industry in western European countries.

"Last year's performance could be assessed as successful, as we improved some of the key business indicators and mostly exceeded plans," chairman Darko Hrastnik said in the report.

On the group level, Unior saw its operating profit drop to EUR 8m from EUR 16.6m in 2016 due to revaluation of fixed assets in the total amount of EUR 10.4m.

The press release also notes that the company is close to finalising the sale of RTC Krvavec, the operator of the namesake ski resort. A contract has already been signed with the buyer, and the procedure is expected to be completed in April.

Unior plans to increase net sales revenue this year by 2% to EUR 168.6m. The biggest growth is expected in the compressed parts segment, which is planned to exceed EUR 100m in annual sales for the first time ever.