Sulzer to put in writing 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 write off most of its property within the two international locations.
Sulzer’s headquarters in Winterthur, Switzerland.
Sulzer expects a one-time impact of CHF125 million–CHF135 million at present foreign exchange rates. Easy shall be recognized in the first half of 2022.
The one-time asset write-offs will have no vital impression on Sulzer’s operational outcomes.
Sulzer will report its half-year results on 29 July 2022.

Leave a Comment