The SGS Group delivered annual revenues of CHF 4.8 billion, an increase of 4.1% over the prior year (constant currency basis), driven by an increase in activity levels across most geographies. Adjusted operating income reached CHF 848 million (up 6.6% on a constant currency basis), with an increased adjusted EBITDA margin of 22.4% (from 22.0% in 2009) and an increased adjusted operating income margin to a record 17.8% (from 17.4% in 2009). Net profit for the year reached CHF 588 million, up 8.4% (constant currency basis). Core operating cash flows remained strong at CHF 783 million and the Group further improved its liquidity through the issuance of a six year CHF 550 million bond. During the year, the Group completed ten acquisitions for a total cash consideration of CHF 302 million. Given these results, the Board of Directors is proposing a dividend of CHF 65 per share, CHF 35 of which reflects the healthy cash generation of the Group.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
1 place des Alpes
CH - 1211 Geneva 1
t: (+41-22) 739 95 93
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 64,000 employees, SGS operates a network of over 1,250 offices and laboratories around the world.