Ad hoc announcement pursuant to Art. 53 LRJuly 01, 2022
Sulzer to write off assets in Russia and Poland
After careful analysis of all options, Sulzer 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. Sulzer will report its H1 results on July 29, 2022.This document may contain forward-looking statements including, but not limited to, projections of financial developments, market activity, or future performance of products and solutions containing risks and uncertainties. These forward-looking statements are subject to change based on known or unknown risks and various other factors that could cause actual results or performance to differ materially from the statements made herein.