Ball Corporation Exits Russia
<p>Analysts at Deutsche Bank provided their thoughts on <a href='https://financialmodelingprep.com/financial-summary/BLL'>Ball Corporation’s (NYSE:BLL) </a>decision to exit Russia. The stock closed more than 2% lower following the announcement, according to which the company is immediately reducing its operations at its three beverage can plants in Russia and is pursuing a sale of its Russian business. </p>
<p>This business represented roughly 4% of total sales in 2021, but 8% of adjusted EBIT which implies margins that are roughly double the company's average. </p>
<p>The region also represented approximately 5% of the company’s 112.5 billion global beverage can shipments in 2021. Analysts think it's unclear what impact this could have on 2022 numbers as they aren't certain what "reducing operations immediately" effectively means.</p>

NYSE:BLL