SGS announces ‘strong’ half year results
July 24, 2024
IIOA member SGS has announced its results for the first half of 2024.
Described as ‘strong’ results, turnover increased to 3,335m CHF, an 8% organic increase, 1.6% in real terms on H1 2023. The organic growth helped offset the -5.8% impact of currency.
SGS’ Business Assurance division saw an 7.8% organic growth, in turnover, ‘driven by certification and sustainability services, including social audits and ESG assurance’. Double-digit organic growth in Certification was supported by strong activity in strategic segments such as Medical Devices, Digital Trust and Food Assurance globally. Double-digit organic growth in Sustainability was driven by ESG assurance services and social audits’
For the second half of 2024, SGS anticipate, ‘Mid to high single-digit organic growth’.
The SGS 2024 half year results press release can be seen here and further detail can be obtained in the SGS 2024 half year results interim report.
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