SGS confirm H1 results

July 1, 2021

IIOA member SGS has posted its results for the first half of 2021.

Overall revenue grew 16.8% (17.9%) at constant currency to 3.1bn CHF, with 12.4% organic growth.

Of the impact of the Covid-19 pandemic on the results, SGS notes, ‘The overall recovery of the TIC industry continues to be affected by Covid-19 related challenges. This is impacting part of our network and the daily life of our colleagues whose safety remains our paramount priority.’

Within the results, the Knowledge division saw significant bounceback with revenue up 25.7% (constant currency 26.2%) to 313m CHF. Of signifcance within this was management system certification, with SGS stating that, ‘Management System Certification
was the main growth driver with volumes exceeding our 2019 pre-pandemic levels across all regions. A recovery of Consulting
and Training is underway.

Management System Certification grew above the divisional average driven by the combination of postponed 2020 work,
higher volume of recertification audits, as well as a strong performance in Food and Information Security Certification. This resulted
in a double-digit increase compared to 2019.’

SGS 2021 Half Year results