Brief: Sulzer To Write Off Assets In Russia And Poland

Sulzer

01/07/2022 05:57

July 1 (Reuters) - SULZER AG  SUN.S :
    * TO WRITE OFF ASSETS IN RUSSIA AND POLAND
    * EXPECTS A ONE-TIME IMPACT IN THE RANGE OF CHF 125M TO CHF
135M
AT CURRENT FOREIGN EXCHANGE RATES
    * CHF 125M WILL BE RECOGNIZED IN H1 OF 2022
    * THE ONE-TIME ASSET WRITE-OFFS WILL HAVE NO SIGNIFICANT
IMPACT ON
SULZER’S OPERATIONAL RESULTS, HOWEVER ON NET INCOME, WHICH WAS
CHF 86M FOR H1 2021 AND CHF 141M FOR THE FULL YEAR, RESPECTIVELY

Further company coverage:  SUN.S 

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