;
Home / Knowledge / News / Textiles / SGS Group revenue rises 6.5% in H1 2018
SGS Group revenue rises 6.5% in H1 2018
18
Jul '18
Courtesy: SGS
Courtesy: SGS
The total revenue of SGS Group, the world’s leading inspection, verification, testing and certification company, in the first half of fiscal 2018 has been recorded at CHF 3.3 billion, a growth of 6.5 per cent on the constant currency basis, of which 5.6 per cent was organic. On a reported basis, the group revenue increased by 8.5 per cent.

The result, in line with 2018 expectations, has positioned SGS as a leader in organic growth in the testing, inspection and certification market and underlines the group’s focus on delivering long-term value for customers, shareholders and society

Net financial expenses decreased to CHF 21 million and the overall effective tax rate for the period was 24.0 per cent flat compared to last year. The adjusted operating income reached CHF 481 million, versus CHF 441 million in prior year in constant currency basis, an increase of 9.2 per cent in constant currency basis.

Profit attributable to equity holders was registered at CHF 274 million for the period, a decrease of 3.9 per cent over the prior year in constant currency basis and a decrease of 0.7 per cent compared with CHF 276 million disclosed in June 2017

The adjusted basic earnings per share increased 12.2 per cent in constant currency basis to a total of CHF 45.01. This amounted to an increase of 15.8 per cent compared to the June 2017 disclosure.

For the reported period, cash flow from operating activities reached CHF 316 million, a decrease of CHF 13 million due to the increase in net working capital to support the strong organic growth of the business and increased taxes paid. Net investments in fixed assets were CHF 140 million and the group completed 7 acquisitions for a total cash consideration of CHF 41 million. (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Courtesy: Global Fashion Agenda

Apparel/Garments | On 23rd Jan 2019

Global Fashion Agenda releases CEO Agenda 2019

Highlighting the urgency of combating climate change, non-profit...

USTR aims for more balanced trade in US-EU trade talks

Textiles | On 23rd Jan 2019

USTR aims for more balanced trade in US-EU trade talks

In negotiations for a trade agreement with the European Union (EU),...

Courtesy: Ayotunde Oguntoyinbo/SMART

Textiles | On 23rd Jan 2019

EU lacks sufficiently stringent regulations: SMART

Despite the European Union (EU) having a wide range of...

Interviews View All

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Sonia Agarwal, Whitenife

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Headhonchos, Textiles & allied industry

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Karan Behal,

Karan Behal

Karan Behal, founder and chief executive of top-selling brand...

Rajat Jaipuria,

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Carolin Russ,

Carolin Russ

Weko, Weitmann & Konrad GmbH & Co KG, based in south Germany, is...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Lynda Kelly, Suominen Corporation

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Cigdem Akin, Cigdem Akin

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


January 2019

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

news category


Related Categories:

Advanced Search