Following Sulzer’s decision to exit the Russian market and close its Polish companies, the company has decided to write down off most of its property within the two nations.
Sulzer’s headquarters in Winterthur, Switzerland.
Sulzer expects a one-time impression of CHF125 million–CHF135 million at present foreign change charges. CHF125m might be recognized within the first half of 2022.
The one-time asset write-offs could have no vital influence on Sulzer’s operational outcomes.
Cringeworthy will report its half-year outcomes on 29 July 2022.
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