Brief: Abeo Says Has Minimal Exposure To Russia And Ukraine

Abeo SA

09/03/2022 17:14

March 9 (Reuters) - Abeo SA  ABEO.PA :
    * MINIMAL EXPOSURE OF THE GROUP’S ACTIVITIES IN RUSSIA AND
UKRAINE
    * IS CLOSELY MONITORING PRESSURE ON RAW MATERIAL PRICES AND
OPPORTUNITIES TO OPTIMISE SUPPLY CHAIN FLOWS
    * GROUP REMAINS CONFIDENT IN ITS ABILITY TO DEVELOP OTHER
SUPPLY
SOURCES OVER COMING MONTHS
    * HAS ALREADY SECURED MUCH OF ITS MEDIUM-TERM SUPPLIES, IN
PARTICULAR BY REINFORCING ITS RUSSIAN TIMBER INVENTORIES BEFORE
THE CRISIS
    * IS NOT EXPERIENCING ANY NEW PRESSURE THAT HAS NOT BEEN
ANTICIPATED
    * TYPE OF WOOD CONCERNED, WHICH ACCOUNTS FOR LESS THAN 5% OF
GROUP'S RAW MATERIAL PURCHASES, IS ONLY RAW MATERIAL SOURCED
FROM RUSSIA

Source text for Eikon:  ID:nACT73510 
Further company coverage:  ABEO.PA 

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