Brief: CDRL Updates On Impact Of Conflict In Ukraine On Results

CDRL SA

07/03/2022 08:22

March 7 (Reuters) - CDRL SA  CDLP.WA :
    * SEES IMPACT OF CONFLICT IN UKRAINE ON GROUP'S RESULTS AS
INSIGNIFICANT
    * DUE TO RUSSIAN AGGRESSION ON UKRAINE AND RESULTING
SANCTIONS
AMOUNTS DUE TO COMPANY FROM RUSSIAN MARKET MAY HAVE NEGATIVE
IMPACT ON RECOVABILTY
    * FORECASTS SIGNIFICANT DROP IN VOLUMES SOLD IN RUSSIA DUE
TO
DEVALUATION OF RUB
    * COMPANY WILL CONSIDER CONTINUATION OF OPERATIONS OF RUSSIA
BASED
UNIT DEPENDING ON DEVELOPMENT OF SITUATION
    * INVOLVEMNT OF BELARUS IN THE CURRENT CONFLICT AS WELL AS
RESULTING SANCTIONS MAY HAVE NEGATIVE IMPACT ON CINSOLIDATED
RESULTS OF THE GROUP IN UPCOMING PERIODS
    * DECIDED TO DISCONTINUE INVESTMENTS IN BELARUSAN UNIT
    * WILL CONSIDER CONTINUATION OF RUSSIA-BASED UNIT'S
OPERATIONS
DEPENDING ON DEVELOPMENT OF CONFLICT SITUATION

Source text for Eikon:  ID:nEM4V1mmVa 
Further company coverage:  CDLP.WA 

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