“In 2023, SGS delivered superior organic growth and a significant increase in free cash flow, thanks to the breadth of its portfolio. All our business lines and regions contributed to this performance, with particularly strong growth in sustainability services, cybersecurity, ESG assurance and consulting. This represents a powerful platform to build on.
“As we transition into an exciting new chapter for SGS, I want to assure Géraldine Picaud, our CEO Designate, of my full and unwavering support,” said Frankie Ng, Chief Executive Officer.
Today, SGS launches its Strategy 27 – ‘Accelerating growth, building trust’, to drive profitable growth, streamline the organization and deliver attractive returns for stakeholders. It is based on three powerful value drivers: Growth, Performance & Agility and Strong Financial Profile.
Strategy 27 will shift gears towards growth of the top and bottom line. The Group targets the following objectives over the next four years.
“I am convinced that the new strategy will capture the best opportunities for SGS in a structurally growing Testing, Inspection and Certification industry. It lays out powerful targets to foster solid and resilient growth, profitability and cash generation. Today, we are kicking off this new phase and I am excited to work together with our highly skilled teams to drive the future of SGS,” said Géraldine Picaud, Chief Executive Officer Designate.
The analyst presentation will be available for download from 10:30 am CET, at the start of the webcast.
1. Refer to Alternative Performance Measures – Appendix to the “2023 full year results”. Free cash flow, return on invested capital and net debt calculations have been redefined.
We are SGS – the world's leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.
