Moody's confirms SGS' A3 rating with stable outlook
Moody’s Investors Service confirmed the A3 rating for SGS SA based on the full year results for the year ended 31 December (FY) 2015 reported by SGS on 20 January 2016.
As stated by Moody’s Investors Service in the Report №1014412 and published on 28 January 2016, SGS achieved organic growth despite the ongoing decline in commodity prices, slowdown in China and challenging macroeconomic environment in some emerging markets. The results reflect the robustness of SGS’s underlining business supported by its diversified sector split and broad geographic footprint.
On a constant currency basis revenues grew by 3.6% in FY2015 compared to prior year, with 2% organic growth and 1.6% growth from acquisitions. The group’s adjusted operating income margin remained stable at 16.1%.
According to the above-mentioned Moody’s Investors Services’ Report, SGS SA remains solidly positioned within the A3 rating category.
SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognised as the global benchmark for quality and integrity. With more than 80,000 employees, SGS operates a network of over 1,650 offices and laboratories around the world.