Electrolux Professional to exit Russia
Monday, 11 July, 2022, 12:42
Following the assessment that business continuity in Russia, in the current situation, is not feasible, Electrolux Professional is to cease its operations in the country. Electrolux Professional therefore divests its operations in Russia to its local management. This will incur a cost of SEK 35m that will be treated as items affecting comparability in the second quarter of 2022.
''Electrolux Professional is respecting all sanctions and export controls to Russia. As a result of the continued war and sanctions, we foresee that we will not be able to sell and service products in Russia medium to long term,'' says Alberto Zanata, President and CEO.
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