SGS reports Q1 2025 results

IIOA member SGS has published its 2025 Q1 results, with revenue increasing 6.6% (of which 5.6% organic) to 1,681m CHF. Currency had a negative 0.3% impact.

Within the overall results, Business Assurance increased revenue to 179m CHF, a 5.3% growth (3.5% organic). SGS report that, ‘Organic growth in Business Assurance was supported by ESG:

• Certification achieved mid-single-digit organic growth in Certification, in a post-recertification year for Quality, Health,
  Safety, and Environment (QHSE). Growth was supported by medical devices and Digital Trust
• Double-digit organic growth in ESG was driven by non-financial reporting assurance, social audits and greenhouse gas
  emissions verification
• Consulting remained soft, with several projects delays in North America in the supply chain segment
• Recent acquisitions made a strong contribution to growth’.

For the remainder of 2025, SGS’s position remains as previously, ‘Despite the currency volatility and the trade tariffs implemented so far, we confirm the Group’s targets for 2025 of 5% to 7% organic sales growth’.

The full SGS Q1 2025 press release is available here.