Russia’s war and invasion of Ukraine is a significant breach of international law and has been widely condemned by the international community. NCAB is closely monitoring the geo-political situation, including tightened and proposed sanctions.
The Board of Directors of NCAB has decided to halt all deliveries of printed circuit boards to Russian customers with immediate effect, whether or not affected by sanctions. NCAB’s Russian subsidiary contributed just under 5% of group EBITA 2021.
With the immediate halt to deliveries, NCAB is aiming to contribute to the actions by the international community aimed against the Russian regime.
For further information, please contact:
Anders Forsén, CFO +46 (0)8 4030 0051
Gunilla Öhman, IR Manager, +46 (0)70 763 81 25