MND: exposed in Russia for two contracts – 03/14/2022 at 11:27


(CercleFinance.com) – In an update on its exposure in Russia, MND recalls having won two contracts in 2021 with ski resorts in this country, for the construction of an automatic snowmaking system and ski lifts.

As of December 31, they represented an amount of orders still to be invoiced of €19.6 million, spread over three financial years until the end of June 2024. Orders to be invoiced in the second half of 2021-22 under these two contracts amount to one million euros.

MND adds to constantly assess the consequences of the situation on its activities, and to keep itself informed of the various national and European directives concerning economic relations with Russia, in order to take the appropriate measures.



Source link -86