Partial Sale of Shareholder Stake in SGS - Confirmation of Full Year 2009 Guidance
SGS S.A. has been informed earlier today that the von Finck family has sold about 40% of its holding (10% of SGS SA) in SGS to a consortium of two banks for placement of these shares in the market in an accelerated book building process to begin immediately.
In order to ensure that trading in SGS shares is carried out with updated and current information, accessible to all shareholders, the Company has decided to issue the following outlook confirmation.
The SGS Group reconfirms its full year guidance of single digit revenue growth (constant currencies) and the maintenance of full year operating margin as compared to 2008.
This document does not constitute an invitation to invest in SGS shares. Any decisions you make in reliance on this information are solely your responsibility. This document is given as of the dates specified, is not updated and any forward looking statements are made subject to the following reservations:
- This document contains certain forward looking statements that are neither historical facts nor guarantees of future performance. Because these statements involve risks and uncertainties that are beyond SGS’s control or estimation, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward looking statements.
- These statements speak only as of the date of this document. Except as required by any applicable law or regulation, SGS expressly disclaims any obligation to release publicly any updates or revisions to any forward looking statements contained herein to reflect any change in SGS Group’s expectations with regard thereto or any change in events or conditions on which any such statements are based.
- This announcement is not an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act.
For further information, please contact:
Jean-Luc de Buman
Corporate Communications & Investor Relations
1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 98 61
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With more than 56,000 employees, SGS operates a network of over 1,000 offices and laboratories around the world.