The SGS Group posted strong performance in the first semester with revenue growth of 7.0% on a constant currency basis to CHF 2.9 billion, nearly equally split between organic revenue growth of 3.4% and 3.6% contributed by recently acquired companies. On a historical reported basis, Group revenues increased by 5.4%.
Trading conditions remained challenging due principally to reductions and delays in expenditures by our clients in the Energy and Mining industries which impacted our Oil, Gas & Chemicals, Industrial and Minerals businesses. Yet, the achievement of solid growth during this challenging period demonstrates the strength of the Group’s strategy, the ongoing focus on operating efficiency and the resilience of its diversified portfolio.
For further information, please contact:
Jean-Luc de Buman
Communications & IR
SGS SA, 1211 Geneva 1
t: (+41-22) 739 91 11
f: (+41-22) 739 92 00
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 85,000 employees, SGS operates a network of over 1,800 offices and laboratories around the world.