Brief: Abeo Says Very Low Exposure Of Its Activities In Russia And Ukraine

Abeo SA

09/03/2022 06:40

March 9 (Reuters) - Abeo SA  ABEO.PA :
    * VERY LOW EXPOSURE OF THE GROUP'S ACTIVITIES IN RUSSIA AND
UKRAINE
    * ABEO HAS NOT EXPERIENCED ANY DISRUPTION IN ITS SUPPLIES AT
ANY
OF ITS INDUSTRIAL SITES WHICH JEOPARDIZES THEIR ABILITY TO
PRODUCE
    * HAVING STRENGTHENED, BEFORE THE CRISIS, ITS STOCKS OF WOOD
OF
RUSSIAN ORIGIN AND IS NOT EXPERIENCING NEW TENSIONS THAT HAVE
NOT ALREADY BEEN ANTICIPATED
    * THE TYPE OF WOOD CONCERNED, WHICH REPRESENTS LESS THAN 5%
OF THE
GROUP'S RAW MATERIAL PURCHASES, IS THE ONLY MATERIAL MAINLY
SOURCED IN RUSSIA
    * GROUP HAS THUS ALREADY INSURED A GOOD PART OF ITS
MEDIUM-TERM
SUPPLIES, IN PARTICULAR BY HAVING REINFORCED, BEFORE CRISIS, ITS
STOCKS OF TIMBER OF RUSSIAN ORIGIN AND IS NOT EXPERIENCING ANY
NEW TENSIONS THAT HAVE NOT ALREADY BEEN ANTICIPATED
    * THE GROUP REMAINS CONFIDENT IN ITS ABILITY TO DEVELOP
OTHER
SOURCES OF SUPPLY IN THE COMING MONTHS

Source text for Eikon:  ID:nACT73500 
Further company coverage:  ABEO.PA 

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