SGS 2016 Half Year Results
OREANDA-NEWS. The SGS Group posted strong performance in the first semester with revenue growth of 7.0% on a constant currency basis to CHF 2.9 billion, nearly equally split between organic revenue growth of 3.4% and 3.6% contributed by recently acquired companies. On a historical reported basis, Group revenues increased by 5.4%.
Trading conditions remained challenging due principally to reductions and delays in expenditures by our clients in the Energy and Mining industries which impacted our Oil, Gas & Chemicals, Industrial and Minerals businesses. Yet, the achievement of solid growth during this challenging period demonstrates the strength of the Group's strategy, the ongoing focus on operating efficiency and the resilience of its diversified portfolio.
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