SGS 2018 Half Year Results

Written by ACN Newswire

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.

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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

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