SGS 2016 HALF YEAR RESULTS

Monday, 18. July 2016 07:00

SGS / SGS 2016 HALF YEAR RESULTS . Processed and transmitted by NASDAQ OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

SGS Half Year Results 2016

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.

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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.

For further information, please contact:
Jean-Luc de Buman
Corporate Development, Communications & IR
SGS SA
1 place des Alpes
CH - 1211 Geneva 1
t: +41-22 739 91 11
f: +41-22 739 92 00
www.sgs.com



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Source: SGS via Globenewswire

HUG#2028973

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SGS
P.O. Box 2152 Geneva 1 Switzerland

ISIN: CH0002497458;


Related Links: SGS Société Générale de Surveillance S.A.
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