IIOC member SGS posts 2018 full year results, including revenue up 6% (constant currency) to 6.7bn CHF, of which 5.3% organic. Adjusted operating income grew 8.4% to 1.05bn CHF
Certification and business enhancement grew 7% in the year to 366 CHF. SGS reports that, ‘Certification and Business Enhancement delivered solid revenue growth of 7.0% (of which 6.2% organic) to CHF 366 million for the year, mostly driven by Management System services. Management System Certification reported robust growth driven by the transition audits related to ISO 9001:2015 and 14001:2015 standards. As of the end of 2018, all regions have reached or exceeded their transitions targets. Information Security certification (ISO 27000) achieved strong double-digit growth as customers aligned with new data regulations being introduced around the world. The need to provide assurance against data breaches and demonstrate that data is managed securely has become critical in all industries.’
Overall, SGS summarised the results by stating, ‘The Group delivered solid organic growth, higher adjusted operating income margin, robust cash flow and a higher ROIC, with the majority of SGS businesses performing in line with Group expectations. These results underline the Group’s objectives to deliver higher revenue, higher profitability and best in class returns on invested capital sustainably. Thus creating long-term value for its customers, shareholders and for society.’
Full information from SGS is available here.