Saturday, April 1, 2023

SGS is less profitable in 2022

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The logo of the goods testing group SGS, taken on April 16, 2010 at the company’s branch in Zurich. (KEYSTONE/Gaetan Bally)

SGS sales increased by 3.7 percent to 6.64 billion francs in 2022, as the global group headquartered in Geneva announced on Thursday. Adjusted for acquisitions and currency effects, SGS grew by 5.8 percent.

Meanwhile, the result suffered from the generally rising costs and inflation: the operating result adjusted for special factors fell by 3.0 percent to CHF 1.02 billion and the associated margin fell by 1.1 percentage points to 15.4 percent.

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