Zeppelin
LeaveRussia detail: Withdrawal
Group-wide collaboration within Zeppelin Group revolves around a management holding company and five strategic business units. This structure makes it possible to centralize operations and gear the business models toward different markets and customers. The Group's management holding company is Zeppelin GmbH. The company is legally domiciled in Friedrichshafen, with its headquarters located in Garching near Munich.
Business in Russia
Zeppelin wants to be largely out of Russia by the end of 2023. Due to sanctions, business in Belarus has stopped. Business in Ukraine should last as long as possible.
Decision trail
Decision date 16/06/2024 · Reference ↗
Currently able to maintain business in parts of Ukraine and in Russia, at least to a limited extent. But the more likely scenario for Zeppelin is that we will be forced to exit. The company generates around 20% of its €3.7 billion annual sales in Russia and Ukraine. Significantly reduced revenue in 2023 vs 2022. Revenue significantly (by more than -70%) decreased in 2024 vs 2023.
Local stats (LeaveRussia)
Status history since 2022
- 03/08/2026 — exited · Imported from KSE LeaveRussia
Exposure profile
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Energy, transport and commodity exposure, supplier/customer links in the region and sanctioned-party proximity.
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