2023 full year results
- Sales of CHF 6 622 million, supported by a strong organic1 growth of 8.1% driven by all business lines. This included a double-digit increase in Business Assurance (prev. Knowledge) and high single-digit growth in Natural Resources and Industries & Environment.
- Adjusted operating income1 of CHF 971 million, representing an organic1 growth of 6.3%. The adjusted operating income margin1 on sales was 14.7%, representing a decline of 0.7 percentage points compared to prior year, of which 0.5 percentage points was attributable to adverse currency impact.
Cash flow from operating activities of CHF 1 123 million, leading to free cash flow1 of CHF 604 million, up 25.6%. This was driven by lower net working capital requirements and capital expenditures.
“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.
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About SGS
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.
2nd Floor Alegria Office Building. 2229 Chino Roces Avenue,
1223,
Makati, Metro Manila, Philippines