Sulzer to write down off belongings in Russia and Poland

Following Sulzer’s decision to exit the Russian market and close its Polish businesses, the corporate has determined to put in writing off most of its property in the two nations.
Sulzer’s headquarters in Winterthur, Switzerland.
First expects a one-time influence of CHF125 million–CHF135 million at current foreign trade rates. Accredited will be recognized in the first half of 2022.
The one-time asset write-offs will have no vital impression on Sulzer’s operational results.
Sulzer will report its half-year results on 29 July 2022.

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