EssilorLuxottica announced that it is temporarily restricting its operations in Russia.
The company said in a statement:
We have been deeply saddened by the tragedy unfolding in Ukraine and we stand in solidarity alongside all those impacted.
At this difficult time, the safety of our people remains our priority and we are providing all the support possible to our affected teams in the region.
Due to uncertainties and significant disruptions, we are a temporarily restricting our operations in Russia.
In line with our mission, we are committed to continue providing essential medical vision care services.
We will monitor the situation and adapt our response accordingly.
Francesco Milleri, CEO of of the company, said on a call with analysts that the company has “almost 1,600 people in Ukraine.”
The Russia and Ukraine region accounts for “below EUR200 million, less than 1% of our revenues,” he said in response to an analyst’s question about effects on the business.
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