SGS announces Q3 2024 sales update

IIOA member SGS announces Q3 sales update, with ‘strong sales growth’ of 7.3% organically with turnover increasing 3.8% to 1,699m CHF from 1,637 m CHF. Currency change had a negative 3.8% impact.

For the first nine months of 2024, organic growth was 7.8%, 2.3% actual.

SGS notes, ‘Sustainability, digital trust, supply chain services and increased regulations continued to support organic1 growth across all divisions and regions, in line with industry megatrends.’

Within the results, ‘Business Assurance delivered 5.9% organic sales growth, with double-digit growth in certification and a strong performance in ESG assurance and sustainability audits.’

SGS also report that, ‘The new sustainability offering IMPACT NOW is ready to be launched. It will bring together the entire suite of SGS’s sustainability services under one platform. Leveraging on its deep knowledge, long-standing expertise and proven track record in sustainability, SGS will now offer customer-centric solutions across four pillars:

• Climate solutions are concerned with fighting climate change and driving net-zero ambitions.
• Nature solutions focus on protecting biodiversity and improving human health.
• Circularity solutions enable the transition to the circular economy and address the challenges of plastics and waste reduction.
• ESG Assurance helps clients navigate the complexities of non-financial reporting, improve their ESG strategies and mitigate risks.’

For the remainder of 2024, confirmed its previously reported target of mid to high single-digit organic growth.

The full SGS press release is available here.