SGS 2013 HALF YEAR RESULTS
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SGS 2013 HALF YEAR RESULTS
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The SGS Group delivered a resilient first semester revenue growth of 7.2%
(constant currency basis) to CHF 2.9 billion despite challenging market
conditions for some of the Group's business sectors and the windingdown of Life
Science clinical trial operations in France. This top-line increase reflects an
organic revenue growth of 5.0% for the period (constant currency basis) as well
as 2.2% in additional revenues from twenty-five recently acquired companies.
Adjusted operating income grew 6.8% over the same period (constant currency
basis) to CHF 439 million with a margin of 15.4%, in line with prior year
despite weaker results in Minerals Services. In response to deteriorating market
conditions, additional restructuring activities have been carried out resulting
in one-off expenses of CHF 12 million. Net Profit for the period, including
restructuring costs, reached CHF 265 million, 10.0% ahead of prior year. During
the semester, the Group generated a strong operating cash inflow of CHF 316
million, up 29.5% over prior year. Net capital investments during the period
amounted to CHF 163 million and the Group completed eight acquisitions for a
total cash outflow of CHF 67 million. The Group confirms solid top line growth
and improved operating results for the full year on a constant currency basis.
ABOUT SGS
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 75 000 employees, SGS operates a network of over 1 500 offices
and laboratories around the world.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jean-Luc de Buman
Corporate Development, Communications & Investor Relations
SGS SA
1 place des Alpes
CH 1211 Geneva 1
Tel: +41 (22) 739 95 93
Fax: +41 (22) 739 98 61
SGS.Investor.Relations(at)sgs.com
WWW.SGS.COM
SGS HY RESULTS 2013 - FR:
http://hugin.info/100354/R/1716873/570749.PDF
SGS HY RESULTS 2013 - EN:
http://hugin.info/100354/R/1716873/570748.PDF
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Source: SGS via Thomson Reuters ONE
[HUG#1716873]
Unternehmensinformation / Kurzprofil:
Datum: 17.07.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 279045
Anzahl Zeichen: 2997
contact information:
Town:
Geneva 1
Kategorie:
Business News
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