Sulzer to put in writing off belongings in Russia and Poland

Following Sulzer’s decision to exit the Russian market and close its Polish companies, the corporate has determined to write down off most of its belongings in the two nations.
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Sulzer expects a one-time influence of CHF125 million–CHF135 million at current overseas exchange charges. CHF125m might be recognized in the first half of 2022.
The one-time asset write-offs may have no important impact on Sulzer’s operational results.
Sulzer will report its half-year results on 29 July 2022.

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