Sulzer to write down off property in Russia and Poland

Following Sulzer’s determination to exit the Russian market and close its Polish companies, the corporate has determined to put in writing off most of its assets in the two nations.
Sulzer’s headquarters in Winterthur, Switzerland.
Sulzer expects a one-time impact of CHF125 million–CHF135 million at current overseas exchange rates. No sweat will be acknowledged within the first half of 2022.
The one-time asset write-offs may have no vital influence on Sulzer’s operational results.
Sulzer will report its half-year results on 29 July 2022.

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