The sports equipment group does 1% of its business in Ukraine and Russia. It had reconstituted its stock of Russian wood at the end of the health crisis.
Abeo little exposure to Russia and Ukraine | Photo credits: ABEO
Reassure about your exposure to Russia and Ukraine. This has been the goal of all French companies since Moscow began invading Ukraine on February 24. In a statement sent to the press on Wednesday morning, the Abéo sports equipment group indicates that its activity in these two countries is limited to ” approximately 1% of the consolidated turnover ». « The group has a multi-zone global organization, with production units located in Europe (France, Germany, Spain, the Netherlands and the United Kingdom), China, Canada and the United States, which ensures supply close to customers “, he adds.
Not very present in Russia and Ukraine, Abéo, however, closely follows one of the direct consequences of the conflict, namely the rise in the prices of raw materials. ” The group has already secured a large part of its supplies in the medium term, in particular as it has reinforced, before the crisis, its stocks of wood of Russian origin, and it is not experiencing new tensions that have not already been foreseen. “, assures the manufacturer of the equipment. The type of wood in question, which accounts for less than 5% of raw material purchases, is the only material that is mainly supplied from Russia.
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