Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling Back
Group-wide collaboration within Zeppelin Group revolves around a management holding company and five strategic business units. This structure makes it possible to centralize operations and gear the business models toward different markets and customers. The Group's management holding company is Zeppelin GmbH. The company is legally domiciled in Friedrichshafen, with its headquarters located in Garching near Munich.
Reducing Activities: company scaling back some business operations while continuing others
Stay Scaling BackZeppelin wants to be largely out of Russia by the end of 2023. Due to sanctions, business in Belarus has stopped. Business in Ukraine should last as long as possible.
Currently able to maintain business in parts of Ukraine and in Russia, at least to a limited extent. But the more likely scenario for Zeppelin is that we will be forced to exit. The company generates around 20% of its €3.7 billion annual sales in Russia and Ukraine.
| March 25, 2022 | Zeppelin may have to exit Russia and Ukraine |