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SGS 2019 Full Year Results

IIOC member SGS publishes 2019 results with revenue +1.2% at constant currency to CHF 6.6bn.
Within the overall numbers, Certification & Business Enhancement  grew 13.2% (constant). SGS comments on this division’s performance as follows:
‘Certification and Business Enhancement delivered double-digit growth of 13.2%, of which 1.5% was organic, reflecting the post-transition market conditions. Three acquisitions diversified the business portfolio and allowed SGS to leverage its certification and auditing experience to develop new services, particularly in technical consultancy.
Management System Certification remained stable due to the end of transition audits related to ISO 9001:2015 and 14001:2015. The temporary ISO market decline was fully offset by strong performance in forestry and medical device certification, as well as gains in market share, particularly in the North East Asia region.
Performance Assessment activities continued to deliver strong organic growth, benefiting from recent contract wins and the introduction of new services, notably the launch of the digital platform, Customer Assessment Tracking System.
Training remained stable due to the end of transition work and the overall reduction of demand for ISO-related training especially in Europe and North America.’
The full SGS report can be viewed here.

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