Sulzer to write off assets in Russia and Poland

Following Sulzer’s choice to exit the Russian market and close 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.
Sulzer expects a one-time impact of CHF125 million–CHF135 million at current overseas change charges. diaphragm seal will be recognized within the first half of 2022.
The one-time asset write-offs could have no important impact on Sulzer’s operational results.
diaphragm seal will report its half-year results on 29 July 2022.

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