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2022-09-28

AFRY: Clarification regarding negative impact of net result in connection with divestment of operations in Russia

AFRY divest its operations in Russia. AFRY has signed an agreement to divest its Russian subsidiary to local management.

The divestment follows AFRY's earlier announcement to exit from Russian markets. The local ownership and operations will secure a good solution for both employees and customers.

The completion of the divestment, which is subject to regulatory approvals, is expected to occur during Q4 2022. Following completion of the divestment, the Russian business will operate under a different brand.

The business in Russia accounts for less than 1% of AFRY's global sales. The Russian subsidiary currently employs approximately 125 employees in Russia.   

The divestment will impact the net result negatively with approx. SEK 60 million. The divestment will not impact EBITA excl. items affecting comparability.
For further information, please contact:

Cathrine Sandegren, EVP and Head of Communications and Brand

+46 70 292 68 26

AFRY is a European leader in engineering, design, and advisory services, with a global reach. We accelerate the transition towards a sustainable society.

We are 17,000 devoted experts in infrastructure, industry, energy and digitalisation, creating sustainable solutionsfor generations to come.

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