Strong results and Strategy 27 on track
- Excellent organic* growth of 8.0% in H1 2024
- Adjusted operating income margin* stable at 14.1%
- Free cash flow* up 35% to CHF 155 million
- CHF 100 million cost savings plan delivering first results
- M&A relaunched with five acquisitions to date
- Outlook 2024 confirmed
Géraldine Picaud, Chief Executive Officer, commented:
“I would like to thank all members of the SGS family for delivering a strong set of results in the first half of the year. The excellent organic growth reflects our ability to capture the megatrends of our industries. Recent bolt-on acquisitions in the Americas and Europe demonstrate our commitment to seize growth opportunities in attractive end markets.
We remain focused on executing Strategy 27 – ‘Accelerating growth, building trust’, which will support increasing margins for the second half of the year.
We are laying solid foundations for growth and profitability to deliver on our promises. This is only the start of our journey.”
Financial highlights
*Refer to alternative performance measures in the 2024 half year results interim report.
About SGS
We are SGS – the world’s leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories around the world.
Plot No. 127, Mafinga Street,
Haile Selassie Road - Masaki, 2249,
Dar Es Salaam, Tanzania