Evropeyskaya Elektrotekhnica's strategies to respond to the coronavirus infection

Evropeyskaya Elektrotekhnica's strategies to respond to the coronavirus infection

March 20, 2020. Moscow – PJSC Evropeyskaya Elektrotekhnica management approved a package of measures to be embedded into its day-to-day activities with a view to protect the Company from the coronavirus infection and mitigate the damage it may cause.

Starting from March 16, 2020, PJSC Evropeyskaya Elektrotekhnica, its standalone devisions and subsidiaries have been on high alert for the prevention of the COVID-19 spread.

The following measures are taken:  

• Every 2 hours, proper cleaning of all the Company's premises with virucidal disinfectants, especially of door handles, switches, handrails, contact surfaces (employees' tables and chairs, business equipment), as well as common areas (dining rooms, restrooms, toilets, sports areas and equipment, etc.).

• Measuring employees' body temperature in the workplace and compulsory exclusion from work of those with an elevated temperature.

• Company staff whose presence in the office is not required now work remotely.

• Company employees should also do the following:

−        if possible to hold back on any trips (business, tourist, etc.) to foreign countries with unfavorable epidemiological situation or countries with increasing threats of this kind;

−        if possible to hold back on any trips (business, tourist, etc.) to other regions of the Russian Federation with negative dynamics of the epidemiological threat;

−        to take care of personal hygiene (especially hand hygiene) in the Company's offices. To this end, there are antibacterial gels in the Company's reception and dining rooms and toilets.

−        in respect of meetings with third-party representatives in the Company's offices: to inform business partners and potential customers about the means of personal hygiene.

Recommendations to Company employees related to the high alert for prevention of the coronavirus spread:

−        to avoid close contacts with each other in common areas (at meetings or lunch breaks) and to use telecommunication channels to discuss business matters;

−        in case a personal communication is necessary, to keep a distance of at least 1 meter;

About Evropeyskaya Elektrotekhnica Group of Companies

• Evropeyskaya Elektrotekhnica Group of Companies (MOEX: EELT) offers comprehensive solutions in the field of engineering and technological systems for industrial, construction and infrastructural purposes: low and medium voltage distribution equipment, low current systems, lighting systems, industrial electric heating systems and equipment for the Oil&Gas and petrochemical industries.

• As a Russian joint-stock company with high corporate governance standards and financial sustainability, the Company's Mission is to improve people's quality of life with its entrepreneurial vigour and engineering competencies.

• The Company was founded in 2004 and unites a distribution center, engineering departments, an electrical laboratory and specialized production facilities. The company is one of the largest electrical equipment distributors in the Russian Federation and an industrial partner of leading companies on the international engineering market.

• The Company's logistics capabilities include delivery (including non-standard and oversize load) to customers throughout Russia, including hard-to-reach Northern areas, as well as to Central Asia, North Africa and the Middle East.

• The Company has its own production of the following equipment:

• Complete transformer substations;

• Medium voltage units;

• Low voltage panels of up to 6,300A (including metro solutions);

• Electric lighting systems;

• Industrial electric heating systems;

• Cabling and wiring products.

• Areas of application of the Company's competences:

• Oil&Gas industry;

• Electric power sector;

• Peaceful atom,

• Steel and mining industry;

• Engineering;

• Transport infrastructure, water supply and sanitation.

• Evropeyskaya Elektrotekhnica's customers include major Russian companies: Rosneft, Gazprom, NOVATEK, LUKOIL, Sibur and Nizhnekamskneftekhim. Supplies were successfully implemented for the following projects: Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, the Domodedovo, Sheremetyevo, and Pulkovo Airports, etc.

• New areas of Company activity starting from 2018 include development and production of the following:

• Modular equipment for the Oil&Gas and petrochemical industries (Company subsidiary ROG-Engineering, Ufa, Republic of Bashkortostan, Russian Federation);

• Industrial specialized solutions for metro substations (currently being consolidated into the Group's structure: Metrotonnel, Moscow, Russian Federation);

• Industrial electric heating systems.

• Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

350 people – the personnel headcount. 

EELT – the trading code for common shares of PJSC Evropeyskaya Elektrotekhnica on the Moscow Exchange, where shares are traded since September 2017. 

BBB- (RU), stable outlook – the credit rating of PJSC Evropeyskaya Elektrotekhnica is at the investment level; the rating confirmed by ACRA on January 30, 2020. 

Contacts:

PJSC Evropeyskaya Elektrotekhnica

Tel.: +7 (800) 600-71-18

Mailing address: 1 Lyotchika Babushkina Street, Building 3, Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 660-71-18 ext. 164

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