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Pin to quick picksImperial Brands Regulatory News (IMB)

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Update on Russia and Ukraine

9 Mar 2022 10:07

RNS Number : 1876E
Imperial Brands PLC
09 March 2022
 

IMPERIAL BRANDS PLC

 

Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42

 

9 March 2022

 

 

UPDATE ON RUSSIA & UKRAINE

Following recent developments, we have today suspended all operations in Russia. This includes halting production at our factory in Volgograd and ceasing all sales and marketing activity.

This decision comes amid a highly challenging environment in Russia as a result of international sanctions and consequential severe disruption. We will be supporting our Russian employees, who continue to be paid while operations are paused.

We have already suspended our operations in Ukraine in order to prioritise the safety and wellbeing of our 600 employees in that country.

Russia and Ukraine are relatively small markets in the context of the Group, in total representing around 2 per cent of net revenues and 0.5 per cent of adjusted operating profit in FY21.

 

ENDS

 

Investor Contacts

Media Contacts

Peter Durman

+44 (0)7970 328 903

Jonathan Oliver

+44 (0)7740 096 018

James King

Jennifer Ramsey

+44 (0)7581 052 880

+44 (0)7974 615 739

Simon Evans

+44 (0)7967 467 684

 

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