Home / Knowledge / News / Textiles / SGS revenue climbs 7.2% in H1
SGS revenue climbs 7.2% in H1
18
Jul '13
The SGS Group delivered a resilient first semester revenue growth of 7.2% (constant currency basis) to CHF 2.9 billion despite challenging market conditions for some of the Group’s business sectors and the winding down of Life Science clinical trial operations in France. This top-line increase reflects an organic revenue growth of 5.0% for the period (constant currency basis) as well as 2.2% in additional revenues from twenty-five recently acquired companies.

Adjusted operating income grew 6.8% over the same period (constant currency basis) to CHF 439 million with a margin of 15.4%, in line with prior year despite weaker results in Minerals Services. In response to deteriorating market conditions, additional restructuring activities have been carried out resulting in one-off expenses of CHF 12 million. Net Profit for the period, including restructuring costs, reached CHF 265 million, 10.0% ahead of prior year.

During the semester, the Group generated a strong operating cash inflow of CHF 316 million, up 29.5% over prior year. Net capital investments during the period amounted to CHF 163 million and the Group completed eight acquisitions for a total cash outflow of CHF 67 million.

The Group confirms solid top line growth and improved operating results for the full year on a constant currency basis.

Click here to view full report

SGS Group

Must ReadView All

Textiles | On 22nd May 2017

GST to be biggest achievement of Modi govt: ASSOCHAM

Goods and Services Tax (GST) which is near a roll-out would be the...

Textiles | On 22nd May 2017

Maintaining NAFTA benefits is crucial: Cotton council

The US must remain a participant in a vibrant North American Free...

Apparel/Garments | On 22nd May 2017

Retailers ask Congress not to go for consumption tax

The National Retail Federation has asked US Congress to focus on...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search