Home / News Draslovka investor note on Russia and Ukraine

Investors 03/04/2022
hexagon hexagon hexagon

Negligible impact on Operations


Following the invasion, Draslovka immediately issued force majeure notices to all of its clients and distributors in the Russian Federation, and discontinued any product supplies to the country. Draslovka does not buy any raw materials from Russian suppliers. 
Due to the escalating conflict, Draslovka took the difficult but safety-driven decision to pause supply to the small number of Ukraine-based clients.
Expected sales to Russia were about US$1MM, roughly 1% of European operations, and nothing from US operations. Overall, this means Draslovka has less than 0.3% revenue exposure to Russia and Ukraine region.
Draslovka does not import any raw materials from the region.

Minimal EBITDA impact


While we do not allocate EBITDA specifically, the products that are normally sold in the Russian market are agricultural products. The EBITDA for these products tends to be average or below average EBITDA margin levels. So we expect there to be an impact of no more than 0.3% of EBITDA. 
 

Draslovka assets


Draslovka has no physical assets in Russia or in Ukraine.
Draslovka has intangible assets in Russia, such as product registrations. These are held at book value of at around US$560k, and so are negligible.  
We do not expect these to be affected as these are investments into the product registrations and the service, documentation and data connected to the registration process. 
Under current predictions, the registration is not expected to not be threatened/adjusted in case there will be ongoing conflict between Russia and EU/US. In terms of exposure ratio, this is roughly 0.9% in Draslovka EU and around 0.1% as a whole group.
 

No exports from Russia and Ukraine.


Draslovka has no local production in Russia or Ukraine.


Local facilities from Russian banks


None.


Acquisitions in pipeline


Draslovka group is acquiring MPS which is an asset in Australia and there is no acquisition in Russia and/or Ukraine signed or in the pipeline. Draslovka has traditionally avoided exposure to Russia.
 

© 2024 Draslovka All rights reserved Cookies setting

This website is using cookies

Our website uses cookies that are necessary for its functioning. With your consent, we will also use other cookies and process your personal data for behavioural analysis, statistics and better targeting of advertisements, including on third party websites. You can give your consent for all purposes or select only some of them in the detailed settings. You can withdraw your consent at any time. Detailed information about cookies, including information about the transfer of data about your behaviour on the site to social and advertising networks, can be found in the Privacy section.

Functional cookies These cookies are necessary for the proper functioning of the website and therefore cannot be turned off.
Analytics cookies Analytical cookies help us track and analyze the way visitors interact with our site in Google Analytics 4. This information allows us to improve content and provide a better user experience.
Marketing cookies Reading and writing cookies for marketing purposes for advertising systems such as Google Ads or Sklik. These cookies allow us to track user behavior and measure website performance and the effectiveness of our advertising campaigns.
Personalized advertising Remarketing cookies allow us to present you with personalized advertising based on your previous interactions with our site in systems such as Google Ads, Sklik.
Use of personal data With this option, you consent to the sending and processing of your personal data to Google for the purposes of targeting and evaluating online advertising and targeted marketing.