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Brief: Orkla Updates On Impact To Jotun From War In Middle East

March 12 (Reuters) - Orkla ASA ORK.OL:

UPDATE ON IMPACT TO JOTUN FROM THE WAR IN THE MIDDLE EAST

JOTUN HAS 1,933 EMPLOYEES IN AFFECTED COUNTRIES, REPRESENTING APPROXIMATELY 20% OF JOTUN'S REVENUE

SO FAR, ALL EMPLOYEES ARE UNHARMED AND THERE HAS BEEN NO DAMAGE TO JOTUN'S FACILITIES

ALL OPERATIONS, INCLUDING FACTORIES AND WAREHOUSES, REMAIN OPERATIONAL IN ALL AFFECTED MARKETS

ACTIVITY LEVELS HAVE BEEN ADJUSTED TO PREVAILING SECURITY SITUATION AND ARE BASED ON ONGOING ASSESSMENTS OF SAFETY AND RISK

AT PRESENT, JOTUN IS RELATIVELY WELL POSITIONED WITH REGARD TO RAW MATERIALS SITUATION, WITH SOLID SAFETY STOCKS, LONG-TERM SUPPLIERS, AND PROCUREMENT AGREEMENTS

Source text: ID:nMFN9Fdghr

Further company coverage: ORK.OL

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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