Statement re Russia

Source: RNS
RNS Number : 1115E
Mothercare PLC
09 March 2022
 

 

 

Mothercare plc

Statement re Russia

Mothercare announces that all business in Russia, including shipment of all products has been suspended. Our local partner has confirmed that it will be immediately pausing operations in some 120 stores and online. Russia represents around 20-25% of Mothercare's worldwide retail sales and was previously expected to contribute around £0.5 million per month to Group profit.

 

 

Investor and analyst enquiries to:

Mothercare plc                                                                            Email: investorrelations@mothercare.com

Clive Whiley, Chairman

Andrew Cook, Chief Financial Officer                                                     

 

Numis Securities Limited (Nominated Advisor & Joint Corporate Broker) Tel: 020 7260 1000

Luke Bordewich

Henry Slater

 

finnCap (Joint Corporate Broker)                                                                         Tel: 020 7220 0500

Christopher Raggett

 

Media enquiries to:

MHP Communications                                                                                    Email: mothercare@mhpc.com

Simon Hockridge                                                                                                       Tel: 020 3128 8789

Tim Rowntree

 

 

 

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