Lindab has completed the exit from Russia

As previously announced, Lindab has decided to exit from Russia after Russia's invasion of Ukraine. As of August 1, Lindab has no operations in, sales to, or purchases from Russia.

As part of the exit process, Lindab's Russian subsidiary has been sold to the company's local Managing Director. The Russian company will change its name and work with local suppliers in the future.

In the quarterly report for the first quarter, the one-off costs related to the exit were estimated at SEK 19 million. The final one-off costs that affect the operating profit amount to SEK 22 million, of which SEK 3 million will impact the result in the third quarter. The transaction has a negative cash flow effect of SEK 12 million.