Brief: Kernel Holding Operations Impacted By War In Ukraine

Kernel Holding SA

17/04/2024 17:26

April 17 (Reuters) - Kernel Holding SA  KER.UAX :
    * INFORMS ABOUT A SIGNIFICANT DETERIORATION IN ITS OPERATING
ENVIRONMENT DUE TO RECENT LARGE-SCALE MISSILE ATTACKS BY RUSSIA
TARGETING CRITICAL CIVIL INFRASTRUCTURE IN UKRAINE
    * ATTACKS SEVERELY IMPACTED THE ELECTRICITY GENERATION AND
DISTRIBUTION INFRASTRUCTURE ACROSS VARIOUS REGIONS OF UKRAINE
    * SAID ATTACKS RESULTED IN SHUTDOWNS AT SEVERAL KEY
FACILITIES
INCLUDING OILSEED PROCESSING PLANTS, CO-GENERATION HEAT AND
POWER PLANTS, SILOS, AND EXPORT TERMINALS
    * POWER SUPPLY REMAINS UNSTABLE, CONTINUING TO DISRUPT
OPERATIONS
OF COMPANY'S SUBSIDIARIES IN UKRAINE
    * RUSSIA'S EXTENSIVE MISSILE ASSAULT ON THE TRANSPORT
INFRASTRUCTURE NEAR THE PORT OF CHORNOMORSK HAS HALTED RAILWAY
DELIVERIES TO THE PORT ENTIRELY
    * COMPANY'S GRAIN AND SUNFLOWER OIL TRANSSHIPMENT ASSETS
LOCATED
IN PORT OF CHORNOMORSK HEAVILY RELIED ON RAILWAY INTAKE
    * DISRUPTION HAS SIGNIFICANTLY IMPACTED THE TRANSSHIPMENT
CAPACITY
OF EXPORT TERMINALS, CAUSING THE REDUCTION IN THROUGHPUT VOLUMES
AND INCREASING THE COST OF LOGISTICS
    * TIMELINE TO RESTORE RAILWAY TRANSPORTATION IS CURRENTLY
UNCERTAIN

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Further company coverage:  KER.UAX 

 (Reporting by Gdansk Newsroom)
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