Sulzer to write down off property in Russia and Poland

Following pressure gauge 10 bar to exit the Russian market and close its Polish companies, the company has determined to write off most of its property within the two international locations.
Sulzer’s headquarters in Winterthur, Switzerland.
Sulzer expects a one-time impact of CHF125 million–CHF135 million at present overseas trade charges. CHF125m might be acknowledged in the first half of 2022.
The one-time asset write-offs may have no significant influence on Sulzer’s operational outcomes.
Sulzer will report its half-year outcomes on 29 July 2022.

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