SGS HALF YEAR RESULTS 2012

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

SGS-0.18%

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SGS / SGS HALF YEAR RESULTS 2012 . Processed and transmitted by Thomson Reuters ONE. The issuer is solely responsible for the content of this announcement.

  The SGS Group posted a strong first semester performance with revenue growth of 15.1% over prior year to CHF 2.7 billion (constant currency basis), reflecting both organic revenue growth of 11.1% and the integration of twenty four recently acquired companies contributing an additional 4.0% in revenues.

Adjusted operating income, up 12.2% over prior year on a constant currency basis, reached CHF 413 million, resulting in a margin of 15.6%. This was slightly down from 16.0% in prior year as the Group continues its investment programme towards the achievement of the 2014 plan. Restructuring activities including permanent headcount reductions during the semester resulted in a one-off expense of CHF 26 million.

Net Profit for the period reached CHF 245 million, slightly above prior year (2011: CHF 241 million on a constant currency basis). During the semester, net capital investments amounted to CHF 176 million and the Group completed seven acquisitions for a total cash outflow of CHF 100 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 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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Source: SGS via Thomson Reuters ONE

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

ISIN: CH0002497458;


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