Ariston
LeaveRussia detail: Scaling Back
Ariston Group is a global leader in sustainable thermal comfort that offers a unique, extensive range of solutions for hot water, space heating and air treatment, as well as components and burners. Listed on Euronext Milan since November 2021, in 2023 the Group reported almost 3.1-billion-euro revenues, with over 10,000 employees, direct presence in 40 countries in 5 continents, 29 production sites and 29 research and development centers.
Decision trail
Decision date 26/03/2025 · Reference ↗
Still operating and actively hiring in Russia. Russian dictator Vladimir Putin transferred the Russian subsidiaries of the Italian water heating company Ariston and the German manufacturer of household appliances BSH Hausgeraete to the temporary management of the Gazprom company. “On March 26, 2025, by Presidential Decree No. 176 of the Russian Federation, Ariston Holding NV regained ownership and full control of the shares of its Russian subsidiary,” the Italian company said in a statement. Paolo Merloni, Ariston’s chief executive, welcomed the decision. “We intend to resume cooperation with our Russian local leadership, in full compliance with existing sanctions, and continue our legacy in the country,” he said in a statement. Ariston said its board of directors would have to reconsider its previous decision, taken last August, to deconsolidate its Russian unit, called Ariston Thermo Rus, and record the related losses. Revenue decreased in 2024 vs 2023 by more than -10%.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — scaling back · Imported from KSE LeaveRussia
Exposure profile
Full exposure profile is a Professional feature
Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
Upgrade to Professional