31 Subsequent events
The recent conflict escalation in the Ukraine leads to a high degree of uncertainty regarding the Geberit operations in the Ukraine and Russia. Geberit‘s first priority is the safety of its employees and their families. The production in our ceramics plant Slavuta (550 employees) in the western part of the Ukraine has not suffered any damage at this stage but production has temporarily been stopped. The Ukrainian sales activities (40 employees) are suspended as well. Geberit complies with sanctions caused by the conflict and is assessing its impact on an ongoing basis. Both the Ukrainian and the Russian activities account for around 1% of Group Net sales each. The Board of Directors and the Group Executive Board are committed to the ongoing safety and well-being of its employees as well as the protection of the Geberit assets in the Ukraine and Russia.
The consolidated financial statements are subject to approval by the General Meeting and were released for publication by the Board of Directors on 8 March 2022.