IIOA member SGS posts 2021 full year results

January 27, 2022

IIOA member SGS has posted its results for the full year to 31 December 2021.

With a ‘strong financial performance,’ revenue of 6.405bn CHF was up 14.2% (constant currency) on 2020, 14.3% actual. Of this, organic growth was 8.9%.

SGS CEO Frankie Ng comments, “We have made significant progress on our new strategic plan, which was implemented at the start of the year. At the same time, our colleagues continue to deal with Covid-related challenges and sometimes tragedies in their personal lives. Their dedication and dynamism through this challenging period remain the basis of our success.

“Our strong 2021 performance has confirmed our strategic focus. Combined with the investment in our platform we are building a thriving future for SGS. We will continue to evolve into a more sustainable, digital and data-driven company to support our commitment to enable a better, safer and more interconnected world for all our stakeholders.”

Within the overall results, the Knowledge division delivered a 14.7% growth (constant currency) to 663m CHF, all attributable to organic growth. SGS reports that, ‘Management System Certification grew by double digits driven by the combination of a higher volume of recertification audits as well as a strong performance in information security, medical devices and certification. Growth was lower in H2 due to a challenging comparable with the post Covid-19 catch-up period in H2 2020, however growth versus H2 2019 was double digit.’ Geographically, the knowledge division saw double digit growth across all regions.

SGS states that the outlook for 2022 is for mid-single digit organic growth.

The 2021 SGS Full Year Results report is available here.