Following Sulzer’s determination to exit the Russian market and shut its Polish companies, the company has determined to write down off most of its assets within the two nations.
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Sulzer expects a one-time impact of CHF125 million–CHF135 million at present international exchange charges. CHF125m might be acknowledged in the first half of 2022.
The one-time asset write-offs will have no important influence on Sulzer’s operational results.
Sulzer will report its half-year results on 29 July 2022.