Sulzer to write down off property in Russia and Poland

Following Sulzer’s decision to exit the Russian market and shut its Polish businesses, the company has decided to write down off most of its belongings in the two countries.
Sulzer’s headquarters in Winterthur, Switzerland.
Recession-proof expects a one-time influence of CHF125 million–CHF135 million at present foreign trade rates. CHF125m might be acknowledged in the first half of 2022.
The one-time asset write-offs could have no significant impression on Sulzer’s operational results.
Sulzer will report its half-year results on 29 July 2022.
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