SGS FULL YEAR RESULTS 2011

1/17/2012, 7:00 AM (Source: GlobeNewswire)

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SGS FULL YEAR RESULTS 2011
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The SGS Group delivered a strong performance in 2011 with revenue growth of
13.7% over prior year (constant currency basis) to CHF 4.8 billion. Organic
revenue growth reached 10.5% supported by all regions and by particularly strong
activity levels in Minerals, Consumer Testing, Industrial and Environmental
services. Adjusted Operating Income, up 10.7% over prior year (constant current
basis), reached CHF 815 million, resulting in a margin of 17.0% slightly down
from 17.4% in prior year (constant currency basis) due to investments made to
sustain long-term growth targets.Net profit at CHF 534 million increased 4.9%
from the comparable period (constant currency basis). Operating cash flows
remained strong at CHF 690 million, enabling the Group to comfortably fund CHF
337 million of fixed asset investments and complete twenty-two acquisitions for
a total cash consideration of CHF 104 million.

During the year, the Group also raised CHF 725 million in additional liquidity
through the issuance of corporate bonds. The board of directors will propose a
dividend of CHF 65 per share, CHF 30 representing an ordinary distribution of
43% of net profit and an additional CHF 35 reflecting the healthy cash
generation capabilities of the Group. The Board of Directors has also authorised
another share buy-back programme of up to CHF 250 million.

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 70,000 employees, SGS operates a network of over 1'350 offices
and laboratories around the world.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jean-Luc de Buman
Corporate Development,
Communications & IR

SGS SA, 1211 Geneva 1
Tel (+41-22) 739 91 11
Fax (+41-22) 739 92 00
E-mail:sgs.investor.relations@sgs.com
Web site:www.sgs.com


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SGS
1 place des Alpes
P.O. Box 2152 Geneva 1 Switzerland

ISIN: CH0002497458;

SGS Full Year Results 2012:
http://hugin.info/100354/R/1578005/492185.pdf

SGS Full Year Results FR 2012:
http://hugin.info/100354/R/1578005/492187.pdf




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Source: SGS via Thomson Reuters ONE

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