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BRP resumes operations after cyberattack

by BRP 15 Aug 23:28 PDT
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BRP Inc. (TSX:DOO; NASDAQ:DOOO) reports that the Company's efforts to restore systems and business operations are continuing following the recent cyberattack.

Today, BRP manufacturing sites in Valcourt (Canada), Rovaniemi (Finland), Sturtevant (USA) and Gunskirchen (Austria) are ramping up production activities and expect to be fully operational on August 16, 2022. The rest of the production sites are planning to resume operations over the course of the week in a phased approach.

BRP's team, with the assistance of external advisors, are currently working to restore all internal systems from its back-up repositories. The Company confirms that the malware infiltration came through a third-party service provider. BRP believes that the impact of the cyberattack was limited to its internal systems.

At this time, while the investigation is still ongoing, it has not revealed any evidence that its clients' personal information would have been affected by the attack. As such, at this stage, BRP expects that the impact of this incident from a data privacy perspective should be limited. Should the circumstances change, BRP would directly contact individuals or corporations impacted.

"Cybersecurity at BRP is a top priority. We have a strong team of experts committed to taking every appropriate measure to ensure the integrity of systems and data," said José Boisjoli, President and CEO of BRP. "I thank them for all their efforts to mitigate the consequences of the attack."

BRP has put in place a recovery plan to minimize the financial consequences of the cyberattack and does not anticipate any impact on its year-end financial guidance.

For more information visit www.brp.com.

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