Swiss testing company SGS will generate CHF 6.4 billion in 2021

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SGS Group, Switzerland’s leading inspection, inspection and certification company, has a total revenue of CHF 6.4 billion in 2021, driven by continued recovery from the pandemic of COVID-19, strategic focus and importance. Was recorded. Contribution from earned revenue. Intrinsic revenue in 2021 increased by 8.9%.

“The new strategic plan implemented earlier this year has made significant progress. At the same time, our colleagues continue to address COVID-related challenges and sometimes tragedy in their personal lives. Their dedication and dynamism throughout difficult times continue to be the foundation of our success. “ Frankie Ng, CEO of SGSSaid.

Operating profit increased from CHF 795 million in the previous year to CHF 977 million in 2021 due to increased revenue and associated productivity gains. No goodwill impairment was recognized in 2021. In 2020, high restructuring costs were partially offset by the benefits of the business disposal.

SGS Group, Switzerland’s leading inspection, inspection and certification company, has a total revenue of CHF 6.4 billion in 2021, driven by continued recovery from the pandemic of COVID-19, strategic focus and importance. Was recorded. Contribution from earned revenue. Intrinsic revenue in 2021 increased by 8.9%.

“Our strong 2021 achievements have confirmed our strategic focus. Combined with our investment in our platform, we are building a prosperous future for SGS. Continues to evolve into a more sustainable digital and data-driven enterprise to support our commitment to enable a better, safer and more interconnected world for all stakeholders. “I will.” Frankie said.

Adjusted operating profit in 2021 increased by 17.2% (16.8% in constant currency) from CHF 900 million in the previous year to CHF 1055 million in 2021. The adjusted operating margin increased from 16.1% in the previous year (16.1% in constant currency) to 16.5% in 2021, supported by higher productivity.

The cash flow from operating activities in 2021 was CHF 1,169 million, which was the same as the previous year. The increase in profits was offset by an increase in net working capital requirements to support the recovery of activity in 2021. Net operating capital remained negative as a percentage of revenue of (2.4)% compared to (2.5)% in the previous year.

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Swiss testing company SGS will generate CHF 6.4 billion in 2021

Source link Swiss testing company SGS will generate CHF 6.4 billion in 2021

The post Swiss testing company SGS will generate CHF 6.4 billion in 2021 appeared first on Eminetra.

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