Pause operations: company temporarily curtailing operations while keeping return options open

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Hydroscand is a Swedish family-owned business that sells and distributes hose and fluid components. The company is represented in 19 countries in Europe, Asia and Africa. Hydroscand Group has 1 400 employees at over 250 branches, and has a turnover of 246 MEUR. Hydroscand AB was established in Stockholm, in 1969.

Pause operations: company temporarily curtailing operations while keeping return options open

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Revenue(RF), mln.USD
12
Staff
190
Capital, mln.USD
7
Assets, mln.USD
8
Taxes, mln.USD
2

Has an entity in Russia (LLC "Hydroscand" reg.# 4707039120) working under franchise.

The Company Statement
March 02, 2022

Received revenues in Russia in 2021 but completely cut off from Hydroscand Group in accordance with the sanctions from the EU. They were previously supplied via Hydroscand in Estonia, but that supply chain was ended in February as a result of Russias invasion of Ukraine.

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