Brief: Lindab Completes Exit From Russia

Lindab International AB

22/08/2022 12:23

Aug 22 (Reuters) - Lindab International AB  LIAB.ST :
    * HAS COMPLETED THE EXIT FROM RUSSIA
    * AS OF AUGUST 1, LINDAB HAS NO OPERATIONS IN, SALES TO, OR
PURCHASES FROM RUSSIA
    * LINDAB'S RUSSIAN SUBSIDIARY HAS BEEN SOLD TO COMPANY'S
LOCAL
MANAGING DIRECTOR
    * RUSSIAN COMPANY WILL CHANGE ITS NAME AND WORK WITH LOCAL
SUPPLIERS IN FUTURE
    * FINAL ONE-OFF COSTS THAT AFFECT OPERATING PROFIT AMOUNT TO
SEK
22 MILLION, OF WHICH SEK 3 MILLION WILL IMPACT RESULT IN Q3
    * TRANSACTION HAS A NEGATIVE CASH FLOW EFFECT OF SEK 12
MILLION

Source text for Eikon:  ID:nWkrlrWXZ 
Further company coverage:  LIAB.ST 

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