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Corporate - 15/01/09 SGS 2008 Full Year Results With constant currency revenue growth of 17.7% (10.2% reported basis) to CHF 4.8 billion, the SGS Group achieved a seventh consecutive year of improved performance delivering a 13.9% increase in operating income (pre-exceptional items) to CHF 810 million at an operating margin of 16.8%. In an increasingly volatile trading environment, the Group increased net profit to CHF 579 million (pre-exceptionals), an increase of 12.4% from the prior year. In addition, the Group recorded an exceptional after tax gain in the Governments & Institutions Services business of CHF 113 million which has brought net income to CHF 692 million, 38.4% higher than 2007. The Board of Directors has authorized another share buy-back program of up to CHF 250 million. Confident about the Group’s prospects, having CHF 574 million of cash on hand at the end of 2008 and having recorded a CHF 15 per share exceptional gain, the Board of Directors proposes a dividend of CHF 50 per share. Download complete 2008 Full Year Results report Télécharger les Résultats Annuels 2008 For further information, please contact: |
