Brief: Bonava To Close Operations In St. Petersburg

Bonava AB (publ)

03/03/2022 19:36

March 3 (Reuters) - Bonava AB (publ)  BONAVb.ST :
    * BONAVA TO CLOSE OPERATIONS IN ST. PETERSBURG
    * BONAVA WILL EVALUATE BEST COURSE OF ACTION FOR COMPANY TO
RESPONSIBLY CONCLUDE ONGOING PRODUCTION
    * BONAVA HAS 810 UNITS IN PRODUCTION
    * CO HAS 370 EMPLOYEES IN ST. PETERSBURG AND IS CURRENTLY
REVIEWING POSSIBLE SOLUTIONS FOR HOW CO CAN PROVIDE THEM WITH
SUPPORT
    * TOO EARLY TO DETERMINE WHAT FINANCIAL EFFECTS DECISION OF
CLOSING RUSSIAN OPERATION WILL HAVE ON GROUP
    * IN 2021, NET SALES IN ST. PETERSBURG WERE SEK 745 M,
CORRESPONDING TO APPROXIMATELY 5 PER CENT OF GROUP'S NET SALES

Source text for Eikon:  ID:nWkr2Mzd89 
Further company coverage:  BONAVb.ST 

 ((Reuters.Briefs@thomsonreuters.com;))