The Russian office of the British consumer goods manufacturer Unilever (brands Dove, Rexona, Pure Line, Black Pearl, Forest Balsam) commented on a possible withdrawal from Russia. The company said that while enterprises in Russian cities continue their activities.
“Unilever’s position in Russia has not changed. Unilever enterprises in Omsk, Yekaterinburg, St. Petersburg and Tula continue to operate, and offices continue to operate in the country, ensuring the presence of brands at points of sale. The company’s priority remains to ensure the high quality and availability of its products for Russian consumers,” the press service told Kommersant.
Today, February 9, Unilever released its 2022 report (.pdf), which says that, despite the possible negative consequences, it may not be possible to leave the Russian market. Leaving Russia will lead to loss of sales, profits and write-offs of assets, the company explained.
More than 3,000 people work at Unilever’s Russian enterprises. The share of Russian business in the company’s turnover at the end of 2022 was 1.4%, and in net profit – 2%. In Russia, there are assets of a British company worth about €900 million.
In March 2022, Unilever suspended the import and export of its products to and from Russia. The company announced plans to sell in the country only essentials and hygiene products produced in Russia. The manufacturer also announced the termination of investments in the country. Unilever has been operating in Russia since 1991.