Following Sulzer’s decision to exit the Russian market and close its Polish businesses, the company has decided to write off most of its property within the two nations.
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Sulzer expects a one-time impression of CHF125 million–CHF135 million at current foreign trade charges. CHF125m shall be recognized in the first half of 2022.
The one-time asset write-offs could have no significant impact on Sulzer’s operational results.
Sulzer will report its half-year results on 29 July 2022.
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