Elan is looking to find a strategic investor by 2012. The Slovenian company’s chairman, Robert Ferko, told a local news agency that the partner would probably come from a German- or Arabic-speaking country, or from the U.S. Elan would then emerge from 20 years of receivership. It is about €27 million in debt, but is working with lenders on a refinancing program. Ferko reportedly said it was unlikely that Elan would secure a capital injection from its lenders. The company broke even in 2009 even though its gross operating revenues fell by 10 percent to €92 million. It market shares in skis and boats rose; skis performed better than marine products because of weather conditions. Separately, Elan is negotiating with wind turbine producers to possible enter that market with a line of turbines it has developed with an Israeli company. This segment may generate €5-10 million in revenues annually in a couple of years. Elan is also looking to sell off its Croatian motorboat factory.