Strong H1 2025 results, Strategy 27 accelerated by ATS acquisition
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Sales of CHF 3 422 million, supported by organic1 sales growth of 5.3%
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Strong improvement in adjusted operating income margin1, up 80 basis points to 14.9% of sales
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Excellent progression in free cash flow2, up 34% excluding the impact of the headquarters disposal
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80% of target to at least double North America sales achieved with ATS acquisition3
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Fast delivery of CHF 150 million efficiency plans
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Outlook 2025 confirmed
Géraldine Picaud, Chief Executive Officer, commented:
We are proud to report strong results and fast execution of Strategy 27 - ‘Accelerating growth, building trust’.
Marking a major step forward in our strategic agenda, we have signed an agreement to acquire Applied Technical Services, a leading US provider of testing, inspection, calibration, and forensics solutions. This will significantly enhance our North American footprint, give us access to complementary end-markets and unlock both cost and cross-selling synergies.
I would like to thank all the SGS teams for their dedication.
Financial highlights
2Free cash flow1 was CHF 288 million and included CHF 80 million of proceeds from the disposal of SGS's headquarters in Geneva
3The transaction is subject to customary closing conditions and is expected to close by late 2025 / early 2026
About SGS
SGS is the world’s leading Testing, Inspection and Certification company. We operate a network of over 2,500 laboratories and business facilities across 115 countries, supported by a team of 99,500 dedicated professionals. With over 145 years of service excellence, we combine the precision and accuracy that define Swiss companies to help organizations achieve the highest standards of quality, compliance and sustainability.
Our brand promise – when you need to be sure – underscores our commitment to trust, integrity and reliability, enabling businesses to thrive with confidence. We proudly deliver our expert services through the SGS name and trusted specialized brands, including Brightsight, Bluesign, Maine Pointe and Nutrasource.
SGS is publicly traded on the SIX Swiss Exchange under the ticker symbol SGSN (ISIN CH1256740924, Reuters SGSN.S, Bloomberg SGSN:SW).
