SGS: improved on all fronts in the first half of the year

The SGS group closed the first half of the year with sharply higher results, in line with the expectations of the financial community.

“The gradual recovery of the market, the evolution of ICT opportunities and customer demand confirm our strategic evolutions”, welcomed the general manager of the inspection and certification giant, Frankie Ng, quoted Monday in a press release.

Revenue since the start of the year stood at 3.1 billion francs, up 16.8% year on year. In organic terms, growth was 12.4% year-on-year.

Adjusted operating profit (EBIT) jumped 38.5% to 457 million francs and the corresponding margin improved 230 basis points to 14.8%. Net profit attributable to shareholders has meanwhile soared by nearly two-thirds (+ 59.1%) to 272 million.

The copy made by the Geneva group is more or less consistent with the projections of analysts polled by AWP.

For the full year, SGS management expects solid organic growth and an improvement in the EBIT margin. The remuneration of the shareholders should in any case be equal to that of the previous year.

/ ATS

.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.