Sulzer to write down off property in Russia and Poland

Following Sulzer’s determination to exit the Russian market and shut its Polish companies, the corporate has determined to write down off most of its assets within the two nations.
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Sulzer expects a one-time impact of CHF125 million–CHF135 million at present foreign change charges. CHF125m shall be recognized in the first half of 2022.
The one-time asset write-offs could have no vital impression on Sulzer’s operational results.
Sulzer will report its half-year outcomes on 29 July 2022.

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