Brief: Delfingen Group Suspends Its Activities In Russia

Delfingen SA

25/03/2022 08:39

March 25 (Reuters) - Delfingen Industry SA  ALDEL.PA :
    * THE DELFINGEN GROUP DECIDES TO SUSPEND ITS ACTIVITIES IN
RUSSIA
    * DELFINGEN RU-VOLGA JOINED GROUP ON SEPTEMBER 1, 2020 AND
ACCOUNTS FOR APPROXIMATELY 1.6% OF THE GROUP'S TOTAL SALES
    * DELFINGEN MAKES EVERY EFFORT TO COMPLY WITH FRENCH,
EUROPEAN AND
INTERNATIONAL INTERNATIONAL
    * A NON-CASH ADJUSTMENT CHARGE WOULD BE RECORDED AT THE TIME
OF
THE RESULTS FOR THE FIRST HALF OF 2022 CORRESPONDING TO THE
GROUP'S EQUITY CONTRIBUTION IN RUSSIA
    * DUE TO THE EXPECTED IMPACT OF THE RUSSIA-UKRAINE CONFLICT,
PARTICULARLY IN TERMS OF THE RISK OF SUPPLY RISK FOR CERTAIN RAW
MATERIALS, GLOBAL AUTOMOTIVE PRODUCTION GROWTH FORECASTS HAVE
BEEN HAVE BEEN REVISED DOWNWARDS TO +6% FROM +9% PREVIOUSLY
(SOURCE: IHS MARCH 2022)

Source text for Eikon:  ID:nACT73695 
Further company coverage:  ALDEL.PA 

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