REG - Mothercare PLC - Statement re Russia

MothercareAnnouncement

09/03/2022 07:00

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RNS Number : 1115E  Mothercare PLC  09 March 2022

 

 

Mothercare plc

Statement re Russia

Mothercare announces that all business in Russia, including shipment of all
products has been suspended. Our local partner has confirmed that it will be
immediately pausing operations in some 120 stores and online. Russia
represents around 20-25% of Mothercare's worldwide retail sales and was
previously expected to contribute around £0.5 million per month to Group
profit.

 

 

Investor and analyst enquiries to:

Mothercare plc
 
 Email: investorrelations@mothercare.com
(mailto:investorrelations@mothercare.com)

Clive Whiley, Chairman

Andrew Cook, Chief Financial
Officer
 

 

Numis Securities Limited (Nominated Advisor & Joint Corporate
Broker) Tel: 020 7260 1000

Luke Bordewich

Henry Slater

 

finnCap (Joint Corporate Broker)
                                                            Tel: 020
7220 0500

Christopher Raggett

 

Media enquiries to:

MHP
Communications
          Email: mothercare@mhpc.com (mailto:mothercare@mhpc.com)

Simon
Hockridge
         Tel: 020 3128 8789

Tim Rowntree

 

 

 

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