Legrand has decided to withdraw from Russia and is examining its various options to ensure a transfer of its activities under the best possible conditions.

Legrand's activities in Russia represented around 1.5% of the Group's annual sales in 2022.

At December 31, 2022, the Group's balance sheet exposure relating to its activities in Russia, including conversion reserves, amounted to around MEUR 200. Of this amount, nearly 150 ME will be recorded in the 2022 consolidated financial statements as asset impairment, with no impact on the Group's adjusted operating income.

Copyright (c) 2023 CercleFinance.com. All rights reserved.