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/

Changing the World One Bite At a Time: IKU Turns 40

One of Australia’s first plant-based, chef-led eateries and now ready meal provider IKU is celebrating its 40 year anniversary with the business e...

Three generations marking 45 years in hot-air balloons

Australia’s leading hot-air balloon company is celebrating 45 years in the sky and its 700,000th passenger, driven by the passion of father-son du...

Workplace DMs, Reinvented: Deputy Messaging, Purpose-Built For Shift-Based Teams

Deputy, the global people platform for shift-based businesses, has launched Deputy Messaging, a fully integrated, real-time communication tool designe...

Revolutionizing Fulfillment: How Virtual Warehousing is Changing the Game?

The e-commerce landscape is evolving more rapidly than ever, and the way businesses are managing their fulfillment is also revolutionizing. At the...

SME lender Dynamoney welcomes new CEO, Brett Thomas

Strengthens growth ambitions and signals expanded offering Dynamoney, a leading commercial finance provider for Australian SMEs,  has today appoint...

The cost of ignoring AI governance in business

Artificial intelligence (AI) is no longer the promise of a distant future: it's active, embedded, and already shaping decisions across industries. H...

Sell by LayBy