2013-01-17 07:02:16 -

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The SGS Group achieved solid results in 2012, delivering revenue growth of
16.3% (14.5% on a constant currency basis) to CHF 5.6 billion with Oil, Gas &
Chemicals Services becoming the first business sector to exceed one billion in
revenues. Overall, a strong organic growth of 10.2% was complemented by a 4.3%
contribution from recently acquired companies.
Adjusted operating income increased 12.9% over prior year on a constant currency
basis, reaching CHF 941 million and resulting in a margin of 16.9%. This is
slightly down from 17.1% in prior year, reflecting investments made in line with
the 2014 Plan, a few initially margin-dilutive acquisitions and weaker results
in some businesses.
During the year, the Group undertook a number of restructuring plans to align
its operations to current market conditions, resulting in one-off expenses
totalling CHF 47 million (net of tax). These initiatives focused mainly on
European operations.
Net profit for the year, including these restructuring costs, increased 1.5%
compared to prior year (constant currency basis) to CHF 556 million, while
Adjusted Net Profit increased by 10.5%.
Operating cash flows remained strong at CHF 800 million, an increase of 15.9%
over prior year, enabling the Group to comfortably fund capital investments of
CHF 377 million and complete eighteen acquisitions for a total cash outflow of
CHF 176 million.
The Board of Directors will propose a dividend of CHF 58 per share, CHF 30
representing an ordinary distribution of 41% of net profit and an additional CHF
28 reflecting the healthy cash generation capabilities of the Group.


SGS is the world's leading inspection, verification, testing and certification
company. SGS is recognized as the global benchmark for quality and integrity.
With more than 75 000 employees, SGS operates a network of over 1 500 offices
and laboratories around the world.


Jean-Luc de Buman
Corporate Communications & Investor Relations

1 place des Alpes
CH 1211 Geneva 1
Tel: +41 (22) 739 95 93
Fax: +41 (22) 739 98 61

SGS Full Year Results FR 2012:

SGS Full Year Results 2012:

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