SGS HALF YEAR RESULTS 2010
(Thomson Reuters ONE) -
SGS / SGS HALF YEAR RESULTS 2010 processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement.
The SGS Group delivered first semester revenues of CHF 2.4 billion, an increase
in constant currency of 1.7% (1.0% reported basis) achieved primarily in the
second quarter on the back of gradually improving economic conditions. Adjusted
operating income reached CHF 388 million (up 3.0% on a constant currency basis)
with an adjusted EBITDA margin of 21.2% (from 20.9%) and an adjusted operating
income margin of 16.5% (2009: 16.3%). Net profit for the period was CHF 270
million. During the semester, capital investment spend reached CHF 114 million
(17.5% higher than the prior year) and the Group completed four acquisitions for
a total cash consideration of CHF 29 million. SGS maintains its full year
forecast of a solid year 2010 with both revenues and earnings above 2009 levels.
ABOUT SGS
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 59,000 employees, SGS operates a
network of over 1,000 offices and laboratories around the world.
For further information, please contact
Jean-Luc de Buman
Corporate Communications and Investor Relations
SGS SA
1 place des Alpes
CH - 1211 Geneva 1
SGS.investor.relations(at)sgs.com
Tel: (+41-22) 739 91 11
Fax: (+41-22) 739 98 61
Web:www.sgs.com
[HUG#1431782]
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SGS
1 place des Alpes
P.O. Box 2152 Geneva 1 Switzerland
ISIN: CH0002497458;
SGS HALF YEAR RESULTS 2010: http://hugin.info/100354/R/1431782/378044.pdf
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Source: SGS via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 15.07.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 23923
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contact information:
Town:
Geneva 1
Kategorie:
Business News
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