Brief: MND Group Publishes An Update On Its Exposure In Russia

Montagne et Neige Developpement SA

11/03/2022 17:40

March 11 (Reuters) - Montagne et Neige Developpement SA
 ALMND.PA :
    * UPDATE ON EXPOSURE IN RUSSIA
    * MND GROUP IS CONSTANTLY ASSESSING THE CONSEQUENCES OF THIS
SITUATION ON ITS ACTIVITIES
    * IN 2021, THE GROUP ANNOUNCED THAT IT HAD WON TWO CONTRACTS
IN
RUSSIA, FOR THE CONSTRUCTION OF AN AUTOMATIC SNOWMAKING SYSTEM
SNOWMAKING SYSTEM AND SKI LIFTS
    * AS OF DEC 31, 2021, TWO CONTRACTS IN RUSSIA REPRESENTED
AMOUNT
OF ORDERS STILL TO BE INVOICED OF EUR 19.6 MILLION, SPREAD OVER
THREE FINANCIAL YEARS UP TO 2023/2024 FINANCIAL YEAR WHICH WILL
END ON 30 JUNE 2024
    * ORDERS TO BE INVOICED IN THE SECOND HALF OF THE FINANCIAL
YEAR
2021/2022 (JANUARY 1 - JUNE 30, 2022) UNDER THESE TWO CONTRACTS
AMOUNTED TO €1.0 MILLION

Further company coverage:  ALMND.PA 

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