SGS release 2025 1st half results

IIOA member SGS reports its results from the first half of 2025, with revenue at 3422m CHF, up 2.6% with organic growth of 5.3%. Exchange rate changes had a negative 4.1% impact.

Included in the results, Business Assurance delivered 380m CHF revenue, 4.4% organic growth, driven by certification and sustainability services, including social audits and ESG assurance.’

The growth in Business Assurance is described by SGS as, ‘driven by Digital Trust and ESG assurance services.
• Certification recorded mid-single-digit organic growth, led by double-digit growth in medical devices, food and Digital Trust assurance
• ESG services continued to deliver double-digit organic growth, driven by rising demand for non-financial reporting assurance, social audits, and greenhouse gas emission verification
• Consulting remained soft in North America due to ongoing market uncertainty and delayed investment decisions
• Recent acquisitions in North America continued to contribute strongly to growth, reinforcing the Group’s strategic expansion’.

Overall across SGS geographically, organic growth was greatest in Latin America (13.4%), then Eastern Europe, Middle East & Africa (8.4%), Asia Pacific (6.5%), North America (4.7%) and Europe (1.1%).

The target of organic sales growth of 5-7% in 2025 was confirmed.

The SGS H1 2025 Interim report is available here.