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With revenue growth of 14.4% (12.8% constant currency basis) to CHF 4.37 billion, the SGS Group has achieved a sixth consecutive year of improved performance delivering a 17.5% increase in operating income to CHF 711 million at an operating margin of 16.3 %. This growth was achieved across the Group’s portfolio.
Internal investments in the expansion of service line offerings and geographic coverage in support of our customer’s requirements continued to be the primary focus of the Group in 2007 diving an organic growth in revenue of 12%. These organic investments were augmented by targeted acquisitions during the year which contributed to an additional 1% in revenue growth in the period. Mid lowa Grain Inspection Inc and Mid-West Seed Services Inc were acquired during the first semester while Cota Spa in Algeria, Adria Control in Slovenia, EcoServ in South Africa, FTS Inc in USA and Lab Merten in Germany were acquired during the second semester.
Especially good performance was delivered by Western Europe, Africa, China & Hong Kong and Eastern Europe and Middle East (the latter covering Russia, other CIS countries, Turkey, Baltic States and Middle East countries) as a result of prior period investments and macro growth trends.
In 2008, the Group continues to be focused on growth.
Teymur Abasov, General Director SGS Vostok Limited (Russian subsidiary of SGS):«In Russia, we will surely keep on investing in technical capabilities of SGS Vostok Limited and in our staff count and qualification in order to even more fully satisfy our clients’ needs by the means of both traditional and new high added value services.»
Contact:Tatiana Apatovskaya, Marketing Manager for Russia, SGS Vostok Limited
t: +7 (495) 775 44 55
E-mailWeb site: www.ru.sgs.com
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognised as the global benchmark in quality and integrity. With more than 50'000 employees, SGS operates a network of over 1'000 offices and laboratories around the world.