Business Daily Media

Men's Weekly

.

SGS 2018 Half Year Results

  • Written by ACN Newswire
SGS 2018 Half Year Results
GENEVE, CH, July 19, 2018 - (ACN Newswire) - The SGS Group performed strongly in the first semester reporting total revenue of CHF 3.3 billion:

- Strong organic growth was achieved across the entire business portfolio, as the Group continues to build its offering to customers- Total revenue increased by 6.5% (of which 5.6% organic) on a constant currency basis to CHF 3.3 billion- Adjusted operating income grew 9.2% on a constant currency basis to CHF 481 million- Adjusted operating income margin improved to 14.6%- Minerals and Governments and Institutions achieved double-digit revenue growth of 13.8% and 11.1% respectively- 7 acquisitions completed - The Group paid a dividend of CHF 577 million

These results, in line with 2018 expectations, position SGS as the leader in organic growth in the Testing, Inspection and Certification Market and underline the Group's focus on delivering long-term value for customers, shareholders and society.

2018 GUIDANCE

The Group expects to deliver solid organic revenue growth and higher adjusted operating income margin on a constant currency basis, and a continuation of its robust cash flow generation.

Join the webcast at 14:00 CET https://bit.ly/2uAjrWa[1]

Learn more https://www.sgs.com/en/our-company/investor-relations/investor-overview[2]

SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 95,000 employees, SGS operates a network of over 2,400 offices and laboratories around the world.

For further information, please contact:Media: Daniel Rufenacht, Corporate Communications, t: +41 78 656 94 59Investors: Toby Reeks, Investor Relations, t: +41 22 739 99 87

Attachment:2018_HYR_Press_Release_Web_LR_Single_Pageshttps://bit.ly/2uxvWlj [3]

Topic: Earnings http://www.acnnewswire.com From the Asia Corporate News Network

Copyright © 2018 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

Read more http://www.acnnewswire.com/press-release/english/44900/

AIIMS Group and AdVisible merge

Two of Australia’s most established independent agencies unite, creating marketing powerhouse backed by three decades of combined experience     ...

Block's layoffs are a design win. Here's why

We spend millions designing features that save users 30 seconds. Block just saved thousands of employees 40 hours a week. That's not a crisis. That's...

Why I Decided to Build a Better Way to Build Homes

Why does building a home still feel like stepping into the unknown? In an industry where costs blow out and decisions come too late, certainty has...

Leonardo.Ai reveals new brand, expanding its creator-first platform for the next era of generative AI

The company has also launched its developer API to empower creators and builders to integrate AI into their workflows SYDNEY, Australia – 19 Febr...

Psychosocial injury risk starts inside workplace microcultures

Psychological injury is now one of the most expensive categories of workers compensation claims in Australia, with Safe Work Australia reporting t...

2025 Thryv Business and Consumer Report - Australian small businesses show grit under pressure

Australia’s small businesses are powering ahead with optimism, resilience and discipline, however, mounting pressures on costs, wellbeing and cons...