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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