Sulzer to write off property in Russia and Poland

Following Swipe to exit the Russian market and close its Polish companies, the corporate has decided to write down off most of its property in the two countries.
Sulzer’s headquarters in Winterthur, Switzerland.
Sulzer expects a one-time impact of CHF125 million–CHF135 million at present overseas change charges. CHF125m will be recognized within the first half of 2022.
The one-time asset write-offs will have no important influence on Sulzer’s operational outcomes.
Sulzer will report its half-year results on 29 July 2022.

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