Announcement • Jul 25
SGS SA to Report First Half, 2027 Results on Jul 23, 2027 SGS SA announced that they will report first half, 2027 results on Jul 23, 2027 Reported Earnings • Jul 25
First half 2026 earnings released: EPS: CHF1.59 (vs CHF1.64 in 1H 2025) First half 2026 results: EPS: CHF1.59 (down from CHF1.64 in 1H 2025). Revenue: CHF3.68b (up 7.6% from 1H 2025). Net income: CHF309.0m (down 1.6% from 1H 2025). Profit margin: 8.4% (down from 9.2% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Buy Or Sell Opportunity • Jul 14
Now 21% undervalued Over the last 90 days, the stock has risen 9.2% to CHF93.55. The fair value is estimated to be CHF118, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.8%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Announcement • Jul 01
SGS Launches SGS Compass Supply Chain Solution For Enhanced Data-Driven Global Supplier Risk Management And Compliance SGS had announced the launch of SGS Compass, its supply chain solution for enhanced data-driven global supplier risk management and compliance. SGS Compass incorporates a robust supplier evaluation methodology to identify and categorize suppliers into four areas of risk that offer a 'single source of truth' for visibility, compliance, traceability and sustainability. SGS Compass addresses the lack of supplier visibility caused by international or multi-tiered supply chains, amplified by the accompanying pressure to ensure that supplier operations and products comply with regulations, industry standards and societal expectations. There is a growing need to satisfy consumer and investor expectations by mitigating negative social and environmental practices such as exploitative labor and environmental damage. SGS Compass is cloud, AI and IoT driven. It leverages large data sets, complemented by predictive analytics and blockchain technology. Supplier test results, certificates, ISO certifications, audit reports and sustainability scores can be integrated into a permanent database of each instance of activity undergone by a given supplier or product through various phases of its supply chain, offering comprehensive risk management per supplier. SGS Compass provides an end-to-end solution for supply chain risk management and proactive compliance. Its core value-propositions are centered on: Governance: implementing multi-tier supply chain transparency and encouraging Board or Committee-level oversight. Performance: improving supply chain performance through up-to-date supplier competency verification and continuous production monitoring. Intelligence: providing data-driven insights on current or future hindrances including geopolitics. SGS Compass is responding to a megatrend driving growth in the TIC industry, which is innovation in digital capabilities. An end-to-end data-driven supplier risk management solution serves as a powerful tool to strengthen digital transformation and compliance for organizations across industries. This new solution also contributes to SGS's IMPACT NOW for Sustainability by delivering on societal expectations and ESG regulation. SGS Compass strongly reflects SGS's commitment to sustainability, building on its position as one of the world's most sustainable companies, as ranked by TIME Magazine and Statista in 2024 and 2025. Announcement • Jun 04
SGS SA (SWX:SGSN) acquired Cmic, Inc. from CMIC HOLDINGS Co., Ltd. SGS SA (SWX:SGSN) acquired Cmic, Inc. from CMIC HOLDINGS Co., Ltd. on June 3, 2026.
SGS SA (SWX:SGSN) completed the acquisition of Cmic, Inc. from CMIC HOLDINGS Co., Ltd. on June 3, 2026. Buy Or Sell Opportunity • Jun 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 6.8% to CHF86.81. The fair value is estimated to be CHF109, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.8%. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 8.3% per annum over the same time period. Announcement • Apr 24
SGS SA to Report Fiscal Year 2026 Results on Feb 11, 2027 SGS SA announced that they will report fiscal year 2026 results at 6:30 AM, Central European Standard Time on Feb 11, 2027 Announcement • Mar 26
SGS with CertX Offers Expanded Digital Trust Services for Ai-Powered and Autonomous System Compliance SGS, the world's leading testing, inspection, and certification company announced that it will be scaling inspection, assessment, and certification support for AI-powered and autonomous systems, bolstering its DIGITAL TRUST services across safety-driven industries. In July 2025, CertX (an SGS brand) joined the NVIDIA 'Halos Systems Inspection Lab' ecosystem to recognize inspection reports issued by the NVIDIA 'Halos Certified Program' – this set the stage for SGS and CertX to deliver their combined expertise to other industries where AI, automation and safety are paramount. The NVIDIA 'Halos AI Systems Inspection Lab' plays a foundational role as the first-of-its-kind to be accredited by the ANSI National Accreditation Board, integrating functional safety, cybersecurity and AI assurance within a single framework. It is part of NVIDIA 'Halos', a comprehensive safety system that unifies vehicle architecture, AI models, chips, software, tools and services to support the safe development and deployment of autonomous vehicles from cloud to car, enabling automakers and developers to verify safe integration of their products with NVIDIA technology. This announcement extends CertX's existing AI, cybersecurity, and functional safety certification expertise throughout SGS's global network, supporting customers in sectors where assurance requirements are increasing, including automotive, robotics, industrial automation and other safety-critical environments. SGS can now offer, at an expanded scale: AI assurance, cybersecurity, and functional safety assessment to support product lifecycle confidence and reduce late-stage remediation risk. Independent inspection and assessment support of AI-powered or autonomous systems aligned with conformity assessment expectations for regulated and safety-critical use cases. More efficient evidence pathways for AI-powered or autonomous systems leveraging inspection outputs from the NVIDIA 'Halos AI Systems Inspection Lab', where applicable, as inputs to broader assessment and inspection activities performed by technical service providers and certification bodies. With this expansion, SGS remains firmly aligned with its corporate Strategy 27 – 'Accelerating growth, building trust'. This strategy seeks to respond to megatrends driving growth in the TIC industry, in this case, accelerated demand for innovation in digital capabilities and new technologies. SGS launched its DIGITAL TRUST framework in October 2025 and acquired CertX in December 2024, as part of its strategy to deploy advanced services that help organizations reduce risk, improve operational efficiency and navigate today's complex digital landscape. SGS's DIGITAL TRUST services span system design and development through to deployment and operations. Upcoming Dividend • Mar 26
Upcoming dividend of CHF3.20 per share Eligible shareholders must have bought the stock before 02 April 2026. Payment date: 24 April 2026. Payout ratio is on the higher end at 92%, however this is supported by cash flows. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.7%). Buy Or Sell Opportunity • Mar 03
Now 20% undervalued Over the last 90 days, the stock has risen 6.1% to CHF96.10. The fair value is estimated to be CHF121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.8%. For the next 3 years, revenue is forecast to grow by 5.4% per annum. Earnings are also forecast to grow by 8.4% per annum over the same time period. Declared Dividend • Mar 01
Dividend of CHF3.20 announced Dividend of CHF3.20 is the same as last year. Ex-date: 2nd April 2026 Payment date: 24th April 2026 Dividend yield will be 3.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not adequately covered by earnings (92% earnings payout ratio). However, it is covered by cash flows (64% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 2.2% to bring the payout ratio under control. EPS is expected to grow by 23% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Feb 28
SGS SA announces Annual dividend, payable on April 24, 2026 SGS SA announced Annual dividend of CHF 3.2000 per share payable on April 24, 2026, ex-date on April 02, 2026 and record date on April 07, 2026. Reported Earnings • Feb 13
Full year 2025 earnings released: EPS: CHF3.48 (vs CHF3.09 in FY 2024) Full year 2025 results: EPS: CHF3.48 (up from CHF3.09 in FY 2024). Revenue: CHF6.95b (up 2.2% from FY 2024). Net income: CHF668.0m (up 15% from FY 2024). Profit margin: 9.6% (up from 8.6% in FY 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Feb 13
SGS SA (SWX:SGSN) acquired Murray-Brown Laboratories Inc. SGS SA (SWX:SGSN) acquired Murray-Brown Laboratories Inc on February 12, 2026.
SGS SA (SWX:SGSN) completed the acquisition of Murray-Brown Laboratories Inc on February 12, 2026. Announcement • Jan 13
SGS SA (SWX:SGSN) completed the acquisition of Applied Technical Services, LLC from Odyssey Investment Partners, LLC and others. SGS SA (SWX:SGSN) signed a definitive agreement to acquire Applied Technical Services, LLC from Odyssey Investment Partners, LLC and others for transaction valued at $1.3 billion on July 1, 2025. This transaction is valued at $1.32 billion (Enterprise Value on a debt-free, cash-free basis)* corresponding to a multiple of 11.2 times 2026 EBITDA including run rate synergies. A small portion of less than $100 million will be paid in SGS shares to some shareholders and key employees subject to a three-year lock up period. The remainder of the purchase price will be financed through cash and debt while maintaining the leverage around 2 times. As on September 4, 2025, SGS SA announces the successful launch of its $1.16 billion senior bond offering with a 5-year maturity due in 2030, at a coupon of 3.125%, and a 10-year maturity due in 2035, at a coupon of 3.750%. Proceeds of the new bond offering will be used for general corporate purposes, including the envisaged acquisition of Applied Technical Services (ATS).
The transaction is subject to customary closing conditions and is expected to close by late 2025 / early 2026. Houlihan Lokey Capital, Inc. and Rothschild & Co US Inc. acted as financial advisor to Odyssey Investment Partners, LLC. Latham & Watkins LLP acted as legal advisor to Odyssey Investment Partners, LLC. Roger Morscheiser and Christopher Glenn of Allen & Overy LLP acted as legal advisor to SGS SA. David M Rievman of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisor to SGS SA.
SGS SA (SWX:SGSN) completed the acquisition of Applied Technical Services, LLC from Odyssey Investment Partners, LLC and others on January 13, 2026. Announcement • Jan 06
SGS SA (SWX:SGSN) acquired Panacea Infosec. SGS SA (SWX:SGSN) acquired Panacea Infosec on January 5, 2026.
SGS SA (SWX:SGSN) completed the acquisition of Panacea Infosec on January 5, 2026. Announcement • Oct 24
SGS SA to Report First Half, 2026 Results on Jul 24, 2026 SGS SA announced that they will report first half, 2026 results on Jul 24, 2026 Reported Earnings • Jul 28
First half 2025 earnings released: EPS: CHF1.64 (vs CHF1.44 in 1H 2024) First half 2025 results: EPS: CHF1.64 (up from CHF1.44 in 1H 2024). Revenue: CHF3.42b (up 2.6% from 1H 2024). Net income: CHF314.0m (up 18% from 1H 2024). Profit margin: 9.2% (up from 8.0% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has fallen by 3% per year. Announcement • Jul 02
SGS SA (SWX:SGSN) signed a definitive agreement to acquire Applied Technical Services, LLC from Odyssey Investment Partners, LLC and others. SGS SA (SWX:SGSN) signed a definitive agreement to acquire Applied Technical Services, LLC from Odyssey Investment Partners, LLC and others on July 2, 2025. This transaction is valued at $1.32 billion (Enterprise Value on a debt-free, cash-free basis)* corresponding to a multiple of 11.2 times 2026 EBITDA including run rate synergies. A small portion of less than $100 million will be paid in SGS shares to some shareholders and key employees subject to a three-year lock up period. The remainder of the purchase price will be financed through cash and debt while maintaining the leverage around 2 times.
The transaction is subject to customary closing conditions and is expected to close by late 2025 / early 2026. Houlihan Lokey Capital, Inc. and Rothschild & Co US Inc. acted as financial advisor to Odyssey Investment Partners, LLC. Latham & Watkins LLP acted as legal advisor to Odyssey Investment Partners, LLC. Roger Morscheiser and Christopher Glenn of Allen & Overy LLP acted as legal advisor to SGS SA. Announcement • Jun 05
SGS SA (SWX:SGSN) acquired H2safety Services Inc. SGS SA (SWX:SGSN) acquired H2safety Services Inc. on June 4, 2025.
SGS SA (SWX:SGSN) completed the acquisition of H2safety Services Inc. on June 4, 2025. Announcement • Apr 25
SGS SA announces Annual dividend, payable on April 24, 2025 SGS SA announced Annual dividend of CHF 3.2000 per share payable on April 24, 2025, ex-date on April 02, 2025 and record date on April 03, 2025. Announcement • Apr 19
Mayelia Participations acquired Société Ivoirienne de Contrôle Technique Automobiles et Industriels from SGS SA (SWX:SGSN) and Georges N’Dia. Mayelia Participations acquired Société Ivoirienne de Contrôle Technique Automobiles et Industriels from SGS SA (SWX:SGSN) and Georges N’Dia on April 2, 2025. With this acquisition, Mayelia aims to expand its operations across West Africa, targeting market leadership in at least five countries over the next three years. The acquisition was backed by a consortium of financial institutions including BGFI Bank Côte d’Ivoire, Banque d’Abidjan, AFG CI, and Orange Bank.
Julien Baubigeat of ASAFO & CO acted as legal advisor for Mayelia Participations. The firm worked in collaboration with EY, which advised on the financial and strategic dimensions of the deal.
Mayelia Participations completed the acquisition of Société Ivoirienne de Contrôle Technique Automobiles et Industriels from SGS SA (SWX:SGSN) and Georges N’Dia on April 2, 2025. Valuation Update With 7 Day Price Move • Apr 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CHF74.21, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 18x in the Professional Services industry in the United Kingdom. Total loss to shareholders of 18% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at CHF89.73 per share. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Director Jens Riedl was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Mar 26
Upcoming dividend of CHF3.20 per share Eligible shareholders must have bought the stock before 02 April 2025. Payment date: 24 April 2025. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.6%. Lower than top quartile of British dividend payers (5.9%). Higher than average of industry peers (2.0%). Announcement • Mar 04
SGS SA, Annual General Meeting, Mar 26, 2025 SGS SA, Annual General Meeting, Mar 26, 2025, at 14:00 W. Europe Standard Time. Declared Dividend • Mar 03
Dividend of CHF3.20 announced Dividend of CHF3.20 is the same as last year. Ex-date: 2nd April 2025 Payment date: 24th April 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (104% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has increased by an average of 1.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 15% to bring the payout ratio under control. EPS is expected to grow by 33% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 12
Full year 2024 earnings released: EPS: CHF3.10 (vs CHF3.01 in FY 2023) Full year 2024 results: EPS: CHF3.10 (up from CHF3.01 in FY 2023). Revenue: CHF6.79b (up 2.6% from FY 2023). Net income: CHF581.0m (up 5.1% from FY 2023). Profit margin: 8.6% (up from 8.4% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 1% per year. Announcement • Feb 12
SGS SA to Report Fiscal Year 2025 Results on Feb 11, 2026 SGS SA announced that they will report fiscal year 2025 results at 6:30 AM, Central European Standard Time on Feb 11, 2026 Announcement • Jan 28
SGS, Bureau Veritas End Merger Talks Bureau Veritas SA (EPA:BVI) and Swiss peer SGS SA (SWX:SGSN) have discontinued their discussions about a potential business combination, the two firms said. The companies disclosed earlier in January that they were in talks over a potential tie-up. According to a report by Bloomberg, the move would create an entity with a combined market capitalisation of about $33 billion (EUR 31.5 billion). The discussions, however, have not resulted in an agreement and have ended, SGS said. The Swiss company will remain focused on its strategic goals to speed up growth and deliver superior value to its shareholders, it added. Bureau Veritas said in a separate statement that it also remains committed to its strategy. The French company aims at revenue growth of a high single-digit percentage, including a mid-to-high single-digit organic rise. Bureau Veritas also targets consistent adjusted operating margin improvement, double-digit shareholder returns and dividend yield. Announcement • Jan 21
SGS SA (SWX:SGSN) acquired MP Machinery and Testing LLC from Praesidian Capital. SGS SA (SWX:SGSN) acquired MP Machinery and Testing LLC from Praesidian Capital on January 21, 2025.
SGS SA (SWX:SGSN) completed the acquisition of MP Machinery and Testing LLC from Praesidian Capital on January 21, 2025. Announcement • Jan 15
SGS Reportedly In Talks to Combine with Bureau Veritas SGS SA (SWX:SGSN) is in advanced talks to combine with Bureau Veritas SA (ENXTPA:BVI), people with knowledge of the matter said, in a deal that would create a European testing and certification company with a combined market value of almost $35 billion. Geneva-based SGS and France’s Bureau Veritas are working on the final details of a transaction that could be announced in the coming weeks, the people said, asking not to be identified discussing confidential information. Announcement • Dec 17
SGS SA (SWX:SGSN) acquired Certx Ltd. SGS SA (SWX:SGSN) acquired Certx Ltd. on December 16, 2024. As part of the transaction, CertX brings a team of 10 highly skilled employees to SGS.
SGS SA (SWX:SGSN) completed the acquisition of Certx Ltd. on December 16, 2024. Reported Earnings • Jul 25
First half 2024 earnings released: EPS: CHF1.44 (vs CHF1.48 in 1H 2023) First half 2024 results: EPS: CHF1.44 (down from CHF1.48 in 1H 2023). Revenue: CHF3.34b (up 1.6% from 1H 2023). Net income: CHF267.0m (down 1.8% from 1H 2023). Profit margin: 8.0% (down from 8.3% in 1H 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 8% per year. Announcement • Jul 24
SGS SA to Report First Half, 2025 Results on Jul 25, 2025 SGS SA announced that they will report first half, 2025 results on Jul 25, 2025 Announcement • Jul 10
SGS SA (SWX:SGSN) agreed to acquire Institut D'expertise Clinique. SGS SA (SWX:SGSN) agreed to acquire Institut D'expertise Clinique on July 10, 2024. This is subject to customary pre-closing conditions, including consultation procedures with employees in France. New Risk • Apr 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (438% net debt to equity). Dividend is not well covered by earnings (106% payout ratio). Shareholders have been diluted in the past year (2.7% increase in shares outstanding). Upcoming Dividend • Mar 26
Upcoming dividend of CHF3.20 per share Eligible shareholders must have bought the stock before 02 April 2024. Payment date: 25 April 2024. The company is paying out more than 100% of its profits but is generating plenty of cash to support the dividend. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (6.1%). Higher than average of industry peers (1.9%). Announcement • Mar 02
SGS SA, Annual General Meeting, Mar 26, 2024 SGS SA, Annual General Meeting, Mar 26, 2024, at 14:00 Central European Standard Time. Location: Fairmont Grand Hotel Geneva Switzerland Agenda: To consider presentation by Géraldine Picaud, new Chief Executive Officer (CEO) of SGS, of Strategy 2027: Accelerating growth, building trust; to approve an optional scrip dividend of CHF 3.20 per share to be received in the form of shares or in cash; to consider approval of the 2023 report on non-financial matters, as SGS continues to lead the way in corporate sustainability; and to consider Other statutory matters. Declared Dividend • Mar 02
Dividend of CHF3.20 announced Shareholders will receive a dividend of CHF3.20. Ex-date: 2nd April 2024 Payment date: 25th April 2024 Dividend yield will be 3.8%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (106% earnings payout ratio). However, it is covered by cash flows (71% cash payout ratio). The dividend has increased by an average of 2.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 18% to bring the payout ratio under control. EPS is expected to grow by 32% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Feb 26
Full year 2023 earnings released: EPS: CHF3.01 (vs CHF3.16 in FY 2022) Full year 2023 results: EPS: CHF3.01 (down from CHF3.16 in FY 2022). Revenue: CHF6.62b (flat on FY 2022). Net income: CHF553.0m (down 6.0% from FY 2022). Profit margin: 8.4% (down from 8.9% in FY 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 28
SGS Group Announces Chief Executive Officer Changes SGS Group announced the appointment of Geraldine Picaud as Chief Executive Officer, effective from the Annual General Meeting of March 26, 2024. She will succeed Frankie Ng who has expressed his desire to step down. Picaud joined SGS on December 1, 2023 to lead Finance, Digital and Strategic Transformation, Mergers & Acquisitions, IT and Procurement. Prior to this, she was Group Chief Financial Officer and member of the Executive Committee at Holcim. She also served as Group CFO and member of the Executive Committee at Essilor International. Announcement • Jan 18
SGS SA to Report Fiscal Year 2023 Results on Jan 26, 2024 SGS SA announced that they will report fiscal year 2023 results on Jan 26, 2024 Announcement • Oct 23
Columbia River Partners acquired US powertrain testing operations from SGS SA (SWX:SGSN). Columbia River Partners acquired US powertrain testing operations from SGS SA (SWX:SGSN) on October 1, 2023. As on October 23, 2023, US powertrain testing operations of SGS SA reported a revenue of $27 million for the year ended December 31, 2022.
Columbia River Partners completed the acquisition of US powertrain testing operations from SGS SA (SWX:SGSN) on October 1, 2023. Buying Opportunity • Sep 19
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.7%. The fair value is estimated to be CHF101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 8.7%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 9.9% per annum over the same time period. Announcement • Sep 14
SGS SA (SWX:SGSN) acquired a remaining 40% stake in Maine Pointe, LLC. SGS SA (SWX:SGSN) acquired a remaining 40% stake in Maine Pointe, LLC on September 13, 2023.SGS SA (SWX:SGSN) completed the acquisition of a remaining 40% stake in Maine Pointe, LLC on September 13, 2023. Buying Opportunity • Aug 18
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be CHF101, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 8.7%. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings is also forecast to grow by 9.7% per annum over the same time period. Reported Earnings • Jul 26
First half 2023 earnings released: EPS: CHF1.48 (vs CHF1.47 in 1H 2022) First half 2023 results: EPS: CHF1.48. Revenue: CHF3.28b (flat on 1H 2022). Net income: CHF272.0m (down 1.4% from 1H 2022). Profit margin: 8.3% (down from 8.5% in 1H 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Professional Services industry in the United Kingdom. Announcement • Jun 14
SGS SA to Report First Half, 2023 Results on Jul 24, 2023 SGS SA announced that they will report first half, 2023 results on Jul 24, 2023 Announcement • May 12
SGS SA (SWX:SGSN) acquired 60% stake in Nutrasource Diagnostics Inc. SGS SA (SWX:SGSN) acquired 60% stake in Nutrasource Diagnostics Inc. on May 11, 2023. SGS has right to acquire the remaining 40% of shares in 2026. Nutrasource employs approximately 100+ highly skilled staff who will join SGS's global network of clinical facilities and laboratories in the Americas, Europe, Africa and Asia. Nutrasource has reported revenues of approximately CAD 20 million on December 31, 2022.
SGS SA (SWX:SGSN) completed the acquisition of 60% stake in Nutrasource Diagnostics Inc. on May 11, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of CHF80.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 03 April 2023. The company is paying out more than 100% of its profits and is paying out 85% of its cash flow. Trailing yield: 3.8%. Lower than top quartile of British dividend payers (5.7%). Higher than average of industry peers (2.4%). Reported Earnings • Feb 01
Full year 2022 earnings released: EPS: CHF78.86 (vs CHF81.86 in FY 2021) Full year 2022 results: EPS: CHF78.86 (down from CHF81.86 in FY 2021). Revenue: CHF6.64b (up 3.7% from FY 2021). Net income: CHF588.0m (down 4.1% from FY 2021). Profit margin: 8.9% (in line with FY 2021). Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Professional Services industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Buying Opportunity • Nov 29
Now 20% undervalued Over the last 90 days, the stock is up 1.5%. The fair value is estimated to be CHF2,735, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.1%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 9.5% per annum over the same time period. Reported Earnings • Jul 21
First half 2022 earnings released: EPS: CHF36.85 (vs CHF36.34 in 1H 2021) First half 2022 results: EPS: CHF36.85 (up from CHF36.34 in 1H 2021). Revenue: CHF3.26b (up 5.2% from 1H 2021). Net income: CHF276.0m (up 1.5% from 1H 2021). Profit margin: 8.5% (down from 8.8% in 1H 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.7%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 2% per year. Buying Opportunity • May 06
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 6.5%. The fair value is estimated to be CHF3,140, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 7.9%. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings is also forecast to grow by 8.4% per annum over the same time period. Buying Opportunity • Apr 06
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 16%. The fair value is estimated to be CHF3,185, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% over the last 3 years. Earnings per share has declined by 7.9%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 8.7% per annum over the same time period. Upcoming Dividend • Mar 24
Upcoming dividend of CHF80.00 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 04 April 2022. Payout ratio is on the higher end at 98%, however this is supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of British dividend payers (4.6%). Higher than average of industry peers (1.9%). Buying Opportunity • Mar 05
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 13%. The fair value is estimated to be CHF3,155, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 4.2% per annum over the last 3 years. Earnings per share has declined by 7.9% per annum over the last 3 years. Reported Earnings • Jan 30
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: CHF81.86 (up from CHF64.09 in FY 2020). Revenue: CHF6.41b (up 14% from FY 2020). Net income: CHF613.0m (up 28% from FY 2020). Profit margin: 9.6% (up from 8.6% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 4.7%, compared to a 10% growth forecast for the industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Announcement • Nov 27
SGS SA (SWX:SGSN) agreed to acquire Sulphur Experts Inc. SGS SA (SWX:SGSN) agreed to acquire Sulphur Experts Inc. on November 26, 2021. With offices in Canada, USA and the Netherlands, Sulphur Experts Inc. currently employs approximately 50 people including engineers, scientists, technologists and support personnel, and generates annual revenues of CAD 12 million. The transaction is expected to close on December 1, 2021. Reported Earnings • Jul 21
First half 2021 earnings released: EPS CHF36.34 (vs CHF22.78 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: CHF3.09b (up 17% from 1H 2020). Net income: CHF272.0m (up 59% from 1H 2020). Profit margin: 8.8% (up from 6.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jun 02
SGS SA (SWX:SGSN) acquired Metair Lab. SGS SA (SWX:SGSN) acquired Metair Lab on June 1, 2021. SGS posted sales of EUR 2.3 million in 2020.
SGS SA (SWX:SGSN) completed the acquisition of Metair Lab on June 1, 2021. Announcement • May 05
SGS SA (SWX:SGSN) acquired Brightsight B.V. SGS SA (SWX:SGSN) acquired Brightsight B.V. on May 4, 2021. For the year 2020, Brightsight B.V., had revenues of €19 million. 150 Brightsight B.V., highly qualified employees will join SGS SA's cybersecurity team.
SGS SA (SWX:SGSN) completed the acquisition of Brightsight B.V. on May 4, 2021. Upcoming Dividend • Mar 18
Upcoming Dividend of CHF80.00 Per Share Will be paid on the 29th of March to those who are registered shareholders by the 25th of March. The trailing yield of 2.9% is below the top quartile of British dividend payers (4.4%), but it is higher than industry peers (2.1%). Announcement • Feb 03
SGS SA (SWX:SGSN) agreed to acquire Autoscope/CTOK. SGS SA (SWX:SGSN) agreed to acquire Autoscope/CTOK on February 2, 2021. Autoscope/CTOK reported revenue of €0.7 million for the financial year 2020. Reported Earnings • Jan 30
Full year 2020 earnings released: EPS CHF64.05 (vs CHF87.39 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CHF5.60b (down 15% from FY 2019). Net income: CHF480.0m (down 27% from FY 2019). Profit margin: 8.6% (down from 10.0% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Jan 30
Revenue misses expectations Revenue missed analyst estimates by 1.3%. Over the next year, revenue is forecast to grow 8.7%, compared to a 4.4% growth forecast for the Professional Services industry in the United Kingdom. Is New 90 Day High Low • Jan 19
New 90-day high: CHF2,721 The company is up 16% from its price of CHF2,350 on 21 October 2020. The British market is also up 16% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it outperformed the Professional Services industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF2,291 per share. Announcement • Jan 13
SGS SA (SWX:SGSN) agreed to acquire lab facilities of International Service Laboratory of Novartis Ireland Limited. SGS SA (SWX:SGSN) agreed to acquire lab facilities of International Service Laboratory of Novartis Ireland Limited on January 12, 2021. Following completion, 100 highly skilled employees will transfer to SGS. The transaction is subject to approval from the relevant regulatory authorities and SGS obtaining the required licenses to operate the facility. The transaction is expected to close at the end of the first quarter of 2021. Announcement • Jan 08
SGS SA (SWX:SGSN) acquired Analytical & Development Services of Concept Life Sciences Limited. SGS SA (SWX:SGSN) acquired Analytical & Development Services of Concept Life Sciences Limited on January 7, 2021.
SGS SA (SWX:SGSN) completed the acquisition of Analytical & Development Services of Concept Life Sciences Limited on January 7, 2021. Is New 90 Day High Low • Dec 30
New 90-day high: CHF2,673 The company is up 8.0% from its price of CHF2,472 on 01 October 2020. The British market is up 13% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Professional Services industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF2,305 per share. Announcement • Dec 22
SGS SA (SWX:SGSN) acquired 80% stake in Ryobi Geotechnique International Pte. Ltd. SGS SA (SWX:SGSN) acquired 80% stake in Ryobi Geotechnique International Pte. Ltd on December 21, 2020.
SGS SA (SWX:SGSN) completed the acquisition of 80% stake in Ryobi Geotechnique International Pte. Ltd on December 21, 2020. Announcement • Dec 16
SGS SA to Report First Half, 2021 Results on Jul 19, 2021 SGS SA announced that they will report first half, 2021 results on Jul 19, 2021 Announcement • Nov 12
SGS SA (SWX:SGSN) signed an agreement to acquire Analytics & Services business from SYNLAB Bondco Plc for approximately €550 million. SGS SA (SWX:SGSN) signed an agreement to acquire Analytics & Services business from SYNLAB Bondco Plc for approximately €550 million on November 10, 2020. The purchase consideration will be fully funded from existing financial resources of SGS SA. For year 2019, Analytics & Services business reported revenues of €202 million and EBITDA of €34 million. The transaction is subject to customary regulatory approvals and is expected to close by early first quarter of 2021. The proceeds of the sale will remain in SYNLAB Bondco Plc for future use. Richard Åkerman of Hannes Snellman Attorneys Ltd and Hannes Snellman Attorneys Ltd. acted as legal advisors for SGS. Is New 90 Day High Low • Oct 29
New 90-day low: CHF2,300 The company is down 5.0% from its price of CHF2,421 on 30 July 2020. The British market is also down 5.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Professional Services industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CHF2,036 per share. Announcement • Sep 24
Keysight Technologies, Inc. Works with Qualcomm Technologies and SGS to Advance Testing of Cellular Vehicle-To-Everything Technology Keysight Technologies, Inc. announced that the company is working with Qualcomm Technologies, Inc. and SGS to help advance testing of cellular vehicle-to-everything (C-V2X) technology. The three companies focused on test cases covering radio frequency (RF) and radio resource management (RRM) performance verification of devices used for vehicle-to-vehicle (V2V) deployment scenarios. The test cases, based on 3rd generation partnership projects’ (3GPP) Release 14 specifications, support C-V2X test plans prescribed by the OmniAir Consortium and the Global Certification Forum (GCF). In August 2020, SGS used Keysight's RF/RRM DVT & Conformance Toolset and the Qualcomm® Snapdragon™ Automotive 4G Platform to verify initial test cases at the certification company’s lab in San Diego. The Snapdragon Automotive 4G Platform is a product of Qualcomm Technologies, Inc. The automotive industry is in the process of implementing C-V2X technology to improve safety for drivers and passengers in moving vehicles, as well as pedestrians in transit. Keysight's conformance test platforms enable hardware and software providers to validate compliance of C-V2X devices to standards set by 3GPP. Keysight's connected car solutions support a wide range of technologies, including 5G, C-V2X, DSRC and GNSS, to improve reliability, cybersecurity and safety in an increasingly complex world. Announcement • Sep 12
SGS SA to Report Fiscal Year 2020 Results on Jan 28, 2021 SGS SA announced that they will report fiscal year 2020 results on Jan 28, 2021 Announcement • Aug 28
SGS SA (SWX:SGSN) acquired Groupe Moreau. SGS SA (SWX:SGSN) acquired Groupe Moreau on August 28, 2020. The acquisition comprises B.C.L. Contrôle Technique, A.S.M. Contrôle Technique and Contrôle Technique RIALTO – C.T.R.
SGS SA (SWX:SGSN) completed the acquisition of Groupe Moreau on August 28, 2020. Announcement • Jul 30
SGS SA (SWX:SGSN) acquired CTA Gallet. SGS SA (SWX:SGSN) acquired CTA Gallet on June 2, 2020. After the acquisition, SGS SA will will own 71 VIS centers in France, employ 175 people in its vehicle inspection business and deliver over 345,000 inspections per year.
SGS SA (SWX:SGSN) completed the acquisition of CTA Gallet on June 2, 2020. Announcement • Jul 26
SGS SA Provides No Financial Guidance for the Year 2020 SGS SA announced that when it comes to the year 2020 and it is still have uncertainty and don't give outlook for this year. But in general, the company said that if the recovery at the certain moment comes, it will have relatively to the history rather strong drop-through ratios. 
