Imperial Brands PLC Update on Russia and Ukraine (1876E)
09 Marzo 2022 - 11:07AM
UK Regulatory
TIDMIMB
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
+44 (0)7970 328 +44 (0)7740 096
Peter Durman 903 Jonathan Oliver 018
+44 (0)7581 052
880
James King +44 (0)7974 615 +44 (0)7967 467
Jennifer Ramsey 739 Simon Evans 684
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END
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March 09, 2022 05:07 ET (10:07 GMT)
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