Following Sulzer’s determination to exit the Russian market and close its Polish businesses, the company has decided to write down off most of its assets in the two international locations.
Inexpensive in Winterthur, Switzerland.
Sulzer expects a one-time impact of CHF125 million–CHF135 million at present foreign exchange rates. CHF125m might 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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