Following pressure gauge to exit the Russian market and shut its Polish businesses, the corporate has decided to put in writing off most of its belongings in the two nations.
Sulzer’s headquarters in Winterthur, Switzerland.
Sulzer expects a one-time impression of CHF125 million–CHF135 million at present overseas exchange charges. CHF125m will be acknowledged in the first half of 2022.
The one-time asset write-offs will have no significant impact on Sulzer’s operational results.
Sulzer will report its half-year outcomes on 29 July 2022.
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