SGS posts 2019 first half results

IIOA member SGS posted first half 2019 results.

SGS describe the performance as ‘solid’, with revenue growing 3.9% (constant currency) to CHF 3.3 billion. Of this, 3.5% was attributed to organic growth.

Within the Certification and Business Enhancement division, ‘organic revenue remained broadly stable’, 2.6% up at constant currency. ‘Both Certification and Training activities declined due to the reduced market demand as customers completed their standards transition in 2018. Management System Certification reported a moderate revenue decline mainly due to the end of transition audits related to
ISO 9001:2015 and 14001:2015 and also the return to normal seasonality patterns. This was partially offset by double-digit growth in medical device certification.’

SGS’ outlook moving towards 2020 is for mid-single digit growth.

The full report from SGS can be seen here.

• SGS