VELUX Group suspends all operations in Russia, Belarus and Ukraine
As of 28 February 2022, VELUX Group suspended its operations in Russia and Belarus. This suspension came four days after all VELUX activities in Ukraine were put on hold.
All VELUX operations in Russia and Belarus are suspended until further notice. This includes taking, delivering and servicing orders. IT systems are closed, all financial transactions between VELUX and these countries are suspended and all employees are sent home.
“We have decided that the best course of action as a business is to suspend our operations in Russia and Belarus until further notice. We believe that we cannot and should not continue our operations there due to the current situation. We regret the immense impact this decision has on our loyal and dedicated employees in both markets”, said David Briggs, CEO of the VELUX Group.
All Ukrainian activities on hold
Due to the serious situation in Ukraine, all activities in VELUX Ukraine stopped on 24 February 2022 and all employees were asked to stay home.
|VELUX Russia||VELUX Belarus||VELUX Ukraine|
|Market presence since 1991||Market presence since 2002||Market presence since 2001|
|66 employees||6 employees||23 employees|
VELUX Group is owned by VKR Holding A/S. VKR Holding A/S also owns DOVISTA, which does not have activities in these three countries.
About the VELUX Group
For the past 80 years, the VELUX Group has created better living environments for people around the world, making the most of daylight and fresh air through the roof. Our product programme includes roof windows and modular skylights, decorative blinds, sunscreening products and roller shutters as well as installation and smart home solutions. These products help to ensure a healthy indoor climate, for work, learning, play and pleasure. We work globally – with sales and manufacturing operations in more than 40 countries and around 11,500 employees worldwide. The VELUX Group is owned by VKR Holding A/S, a limited company wholly owned by VILLUM FONDEN and the Kann Rasmussen family. In 2020, VKR Holding had total revenue of DKK 22.6 billion and THE VELUX FOUNDATIONS donated EUR 142 million in charitable grants.
For more information about the VELUX Group, visit velux.com.