(Reuters) – Multinationals that introduced their exit from Russia, or suspension of actions there, after Moscow’s invasion of Ukraine on Feb. 24, have began to report related losses.

These are firms, listed by sector, which have supplied value estimates associated to a short lived or everlasting halt in Russia:

APPAREL

ADIDAS

The German sportswear firm warned in March of successful to gross sales from closing in Russia, with out giving an estimate. It operates 500 shops within the nation, 1 / 4 of its whole.

It additionally mentioned Ukraine might pose a danger to gross sales of as much as 250 million euros ($264 million), or about 1% of the group whole in 2021.

LPP

Fourth-quarter outcomes of LPP, Poland’s largest style retailer, have been hit with a 335 million zloty ($75.4 million) writedown, overlaying closure of its shops in Russia.

In 2021/2022, Russia was LPP’s second-biggest market after Poland, constituting 19.2% of its full-year gross sales income. LPP sees the suspension of enterprise in Ukraine and shutting shops in Russia costing 25% of income.

TJX (NYSE:) U.S.-based style retailer TJX mentioned it could promote its 25% stake within the Russian low-cost attire store chain Familia. The stake was valued at $186 million on the finish of January, decrease than the $225 million TJX paid for it in 2019.

TJX mentioned it would have to document an impairment as a result of divestiture if the honest worth of the Familia funding declines beneath its carrying worth on the steadiness sheet.

AUTOMAKERS

RENAULT Renault (EPA:) mentioned in March it was contemplating a 2.2 billion euro, non-cash writedown to mirror the potential prices of suspending operations in Russia.

Misplaced gross sales accounted for 166 million euros of income loss within the first quarter, though Russia remained the corporate’s second-largest market after France.

VOLVO

The Swedish truckmaker mentioned on April 8 it had put aside provisions price $423 million after suspending actions in Russia that amounted to three% of group gross sales.

BANKS

CITIGROUP The U.S. financial institution mentioned in reference to its quarterly report that it sees a lack of as much as $3.0 billion from its exposures in Russia in a severely adversarial situation.

Citi mentioned it had lowered its whole publicity to Russia since December 2021 by $2.0 billion to $7.8 billion.

Probably the most international of the U.S. banks added $1.9 billion to its reserves within the first quarter to arrange for losses from direct exposures in Russia and the financial affect of the Ukraine disaster.

CREDIT AGRICOLE Credit score Agricole (OTC:) introduced it has provisioned greater than 500 million euros associated to its publicity to Russia because it launched its first quarter outcomes.

CREDIT SUISSE The Swiss financial institution estimated on April 20 that the affect of the Russian invasion of Ukraine will value it 200 million Swiss francs ($203.1 million) within the first quarter of 2022.

SOCIETE GENERALE The French financial institution mentioned it could give up Russia and write off 3.1 billion euros from promoting its Rosbank unit to Interros Capital.

The quantity features a 2 billion euro hit to Rosbank’s e-book worth, with the remainder linked to the reversal of rouble conversion reserves.

UNICREDIT Italy’s UniCredit, certainly one of Europe’s banks most uncovered to Russia, mentioned it has booked 1.3 billion euros in mortgage loss provision associated to Russia, because it launched its first quarter outcomes. UniCredit runs Russia’s 14th largest lender

UBS The Swiss financial institution mentioned on April 26 that Russia’s invasion of Ukraine had a price of about $100 million. UBS additionally reduce its publicity in Russia to $400 million on the finish of March, from $600 million.

UTILITIES & CONSUMABLES

ESSITY The Swedish hygiene merchandise group mentioned it could document a write-down of 1.4 billion Swedish crowns ($141.5 million) after it shut down all manufacturing and gross sales in Russia in March.

The corporate generated about 2% of its whole gross sales within the nation final yr, amounting to 2.8 billion crowns.

FORTUM

Finland’s Fortum mentioned it could document a pre-tax impairment of two.1 billion euros from its Russian operations within the first quarter.

That features 0.3 billion euros from Fortum’s Russia section, 0.6 billion from Unipro, a Russian firm owned by Fortum’s subsidiary Uniper, and 0.2 billion from Fortum’s possession in Russian energy firm TGC-1 and in renewables joint ventures in Russia.

HENKEL

The German chemical and shopper items firm mentioned in its quarterly report it foresees an affect of 1 billion euros on its full-year gross sales associated to the present geopolitical state of affairs.

The maker of Persil washing detergents and Pritt glue introduced in mid-April it could exit Russia, including on Friday additionally it is exiting Belarus.

PHILIP MORRIS

The tobacco large took a cost of three cents per share associated to the Ukraine disaster within the first quarter, after discontinuing gross sales of a variety of Marlboro and Parliament cigarette merchandise in Russia.

Philip Morris (NYSE:)’ first-quarter earnings fell 3.6% to $2.32 billion, or $1.50 per share, together with the 3-cent cost. Russia generated income of greater than $1.8 billion final yr, round 6% of its international gross sales

ENERGY

BP (NYSE:)

Oil and fuel large BP recorded a $24 billion writedown in Russia, barely decrease than its preliminary estimate of $25 billion. BP mentioned the non-cash writedown of its stakes in Rosneft and two different joint ventures pushed the corporate right into a headline lack of $20.4 billion within the quarter.

EQUINOR Norway’s Equinor stopped buying and selling in Russian oil in March, along with shutting down its operations within the nation. The corporate recognised web impairments of $1.08 billion associated to belongings in Russia within the first quarter.

Additionally it is within the technique of leaving its joint ventures with Russia’s Rosneft.

EXXON MOBIL CORP

The oil large’s determination to go away Russia and discontinue oil and fuel operations will hit earnings and oil output by 1% to 2%, the chief monetary officer mentioned.

Exxon Mobil (NYSE:)’s Russian oil and fuel operations have been valued at greater than $4 billion. The corporate’s first quarter outcomes included a $3.4 billion after-tax hit on its Russia Sakhalin-1 operation.

OMV

The Austrian power group mentioned on April 8 it could take a 2 billion euro hit within the first quarter on account of its pullback from Russia, cut up evenly between its reference to the Nord Stream 2 pipeline venture and changes to the consolidation methodology of two Russian entities.

SHELL

The world’s largest liquefied dealer will write down as much as $5 billion after its determination to exit Russia, above the $3.4 billion beforehand disclosed, the corporate mentioned on April 7. The rise was because of further potential impacts round contracts, writedowns of receivables and credit score losses.

ENGINEERING & CONSTRUCTION

ALFA LAVAL

The Swedish engineering firm, which has paused all new orders in Russia, mentioned on April 26 that because of sanctions, orders amounting to 602 million Swedish crowns had been cancelled.

As well as, it booked 327 million crowns of provisions to cowl numerous prices associated to present contractual obligations regarding Russia.

KONECRANES

The Finnish engineering group mentioned it made a write-down of 79 million euros in orders from Russia within the first quarter. It additionally cancelled 32 million euros of gross sales to the nation which negatively impacted the quarter’s working revenue by about 39 million euros.

SRV The Finnish building firm mentioned on April 28 it had written down most of its Russian belongings and bought its holdings in Fennovoima, recording an impairment of 141.2 million euros on its steadiness sheet.

Its remaining belongings in Russia are valued at 2.6 million euros.

Because the lower in asset values ​​could have a major affect on SRV’s fairness and fairness ratio, the corporate mentioned it could reorganize its financing, together with a contemplated rights problem and conversion of its unsecured fixed-interest bond.

SIEMENS AG

Germany’s Siemens introduced on Could 12 that it was leaving Russia after almost 170 years of exercise within the nation. Losses have been estimated by the Munich-based engineering and tech firm at 600 million euros for the second quarter, with extra prices to comply with within the upcoming months.

VALMET

The Finnish engineering group has mentioned a number of of its tasks delivered to Russia not meet the standards of a buyer contract for income recognition functions, and so made a reversal of about 70 million euros to its order backlog.

WARTSILA The Finnish engineering group registered a 200 million euro writedown in its first-quarter monetary report because it scaled down its enterprise in Russia.

The writedown consists of about 75 million euros of impairment of Voyage-related goodwill and intangible belongings, 50 million euros of impairment associated to belongings in Russia and about 75 million euros of writedowns associated to trade-sanctioned tasks and receivables.

The writedown doesn’t affect the corporate’s comparable working end result, however the actions concerning the enterprise in Russia have a damaging affect on its operational financials.

Russia-related actions accounted for about 5% of Wartsila’s web gross sales in 2021, of which service web gross sales was about 40 million euros.

YIT

The Finnish building firm recorded an impairment of 133 million euros for the primary quarter, after classifying the Russian companies as held on the market.

YIT introduced in April it could promote its enterprise within the nation to Etalon Group.

STREAMING SERVICES

NETFLIX

The worldwide streaming large mentioned on April 19 its determination to droop companies in Russia resulted within the lack of 700,000 members as the corporate misplaced subscribers for the primary time in additional than a decade.

FOOD & BEVERAGES

AB INBEV

The Belgian brewer introduced on April 22 it could promote its non-controlling stake in its Russian three way partnership AB InBev Efes. The divestiture will end in a $1.1 billion impairment cost within the first quarter. The three way partnership has 11 breweries in Russia and three in Ukraine.

CARLSBERG

The Danish brewer mentioned the choice to promote its Russian enterprise would end in a writedown of about 9.5 billion Danish crowns ($71.1 million). The corporate generated 10% of its income and 6% of its working revenue in Russia in 2021.

It additionally mentioned it anticipated 300 million crowns of Ukraine impairment prices, plus goodwill writedowns of 700 million crowns for the Central and Japanese Europe area, which incorporates Ukraine.

HEINEKEN The Amsterdam-based brewer determined in late March to go away Russia, concluding that possession of any enterprise there isn’t a longer sustainable or viable in present atmosphere.

Heineken (OTC:) mentioned it could not revenue from any switch of possession and anticipated an impairment and different non-cash distinctive prices of about 0.4 billion euros in whole.

MCDONALD’S

McDonald’s (NYSE:) mentioned in March the closure of its Russian eating places would value it about $50 million a month. The corporate operates 847 websites in Russia, out of a worldwide whole of greater than 38,000.

Brokerage Piper Sandler expects the restaurant chain’s halt to operations in Russia to end in an earnings per share hit of $1.19 in 2022.

TOY MAKERS

HASBRO

The American toy maker warned on April 19 of a possible income hit of about $100 million this yr because of its determination to pause toy shipments to Russia.

OTHER

HUSQVARNA

The Swedish gardening tools maker mentioned April 21 it had booked writedowns of 119 million Swedish crowns within the first quarter on account of stopping all exports and investments in Russia. In 2021, Russia accounted for 1.5% of group gross sales.

AP MOELLER-MAERSK The Danish transport group mentioned it recorded a damaging affect of $718 million on its first-quarter earnings earlier than curiosity and tax. That included $162 million in its Ocean section, $53 million in Logistics & Companies and $485 million in Terminals.

Maersk mentioned in March it could promote all its belongings in Russia, together with its 30.75% stake in Russian port operator International Ports Investments.

MARUBENI The Japanese buying and selling home halved its web publicity to Russia as of March 2022 to 12.3 billion yen ($94.4 million) because of a writedown of its stake in Russia’s Sakhalin-1 oil venture.

The chief government mentioned Russia accounted for lower than 0.5% of its whole abroad publicity of two.7 trillion yen. In April the corporate mentioned it could freeze new transactions in Russia, together with these not topic to sanctions.

METSO OUTOTEC

The Finnish supplier of mining know-how, which halted deliveries to Russia in March, mentioned on April 21 that operative belongings associated to Russian clients of about 100 million euros could possibly be in danger if it was unable to wind down present contracts in a managed manner.

The corporate, which generated 10% of income from Russian gross sales in 2021, added it had 269 million euros of advance fee ensures tied to deliveries to Russia at end-March.

SKF

The Swedish bearings and seal maker mentioned on April 22 it could stop all operations in Russia and deliberate to divest its Russian enterprise in a managed method.

The choice triggered a writedown of about 500 million Swedish crowns within the second quarter. Russian gross sales accounted for about 2% of the group’s whole gross sales in 2021.

SSAB

The Swedish steelmaker mentioned on April 26 issues associated to its gross sales workplace in Russia had led to asset writedowns of 158 million Swedish crowns within the nation.

The warfare and sanctions additionally impacted prospects for the Fennovoima venture in Finland, the shares of which have been written down by 272 million crowns to zero in worth.

SSAB has ended direct gross sales to Russia and Belarus, and discontinued new purchases of ore and coal from Russia, till additional discover.

STORA ENSO The Finnish forestry firm mentioned on April 25 it had divested its two sawmills and forest operations in Russia to native administration, leading to an impairment of 70 million euros within the first quarter, and triggering a further loss on transaction underneath IFRS accounting guidelines of about 60 million euros upon closing of the deal.

The corporate had beforehand mentioned it could cease all manufacturing and gross sales within the nation. Its Russian revenues accounted for about 3% of whole group revenues.

TEAMVIEWER The German software program firm mentioned it had stopped its actions in Russia and Belarus and anticipated a damaging affect on billings of round 1% from halting its enterprise actions within the two international locations.

($1 = 0.9457 euros)

($1 = 4.4461 zlotys)

($1 = 0.9849 Swiss francs)

($1 = 9.8961 Swedish crowns)

($1 = 7.0337 Danish crowns)

($1 = 130.3500 yen)