Sulzer to write off assets in Russia and Poland

Following Sulzer’s decision to exit the Russian market and close its Polish businesses, the corporate has decided to put in writing off most of its assets in the two international locations.
Sulzer’s headquarters in Winterthur, Switzerland.
pressure gauge 10 bar expects a one-time impact of CHF125 million–CHF135 million at present foreign change rates. CHF125m will be acknowledged in the first half of 2022.
The one-time asset write-offs will have no vital impact on Sulzer’s operational outcomes.
Sulzer will report its half-year outcomes on 29 July 2022.

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