#LeaveRussia: Vaillant Group is Exiting the Russian Market

Clean Break: the company completely halting Russian engagements or exiting Russia

Vaillant Group

The Vaillant Group is a company that develops products for heating, cooling and hot water. The company employs ~16,000 people worldwide and generates an annual turnover of approximately 3.3 billion euros. This makes the Vaillant Group one of the largest companies in its sector in Europe.

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Clean Break: the company completely halting Russian engagements or exiting Russia

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Germany

Energy, Oil & Gas

Revenue(RF), mln.USD

Staff

111

Capital, mln.USD

Assets, mln.USD

The Company Statement

November 10, 2022

Stopped delivering appliances and later terminated business activities in Russia.

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