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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 +44 (0)7581 052 880 Simon Evans +44 (0)7967 467 684
Jennifer Ramsey +44 (0)7974 615 739