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SGS publishes 2023 Integrated Report Donnerstag, 22. Februar 2024 - 22:14

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SGS publishes 2023 Integrated Report
Ad hoc announcement pursuant to Art. 53 LR

SGS today publishes its 2023 Integrated Report. Providing meaningful information on financial and non-financial results, this year's report format has been updated and improved to help stakeholders better understand the company's strategy, performance, governance and impact on the planet.

Strong organic growth and free cash flow generation in 2023
In 2023, SGS delivered superior organic sales growth and a significant increase in free cash flow, thanks to the breadth of its portfolio. It rose to the global challenges of rising costs and global instability. Thanks to its people, focus on productivity, geographic and service diversity, it innovated in new growth areas.

Strategy 2027 to drive growth and profitability
Building on its strengths, SGS announced its Strategy 2027: Accelerating growth, building trust. This new strategy is created to drive profitable growth, streamline the organization and deliver attractive returns for stakeholders. It is based on three powerful value drivers:
  • Growth: the Group will capitalize on the strong underlying annual momentum of the testing, inspection and certification industry and invest in segments and regions where greater opportunities exist.
  • Performance & Agility: SGS will implement a cost-disciplined operating model and a performance driven culture, promoting accountability. A new Executive Committee of 12 members will be appointed.
  • Strong Financial Profile: SGS will grow externally through accretive and synergistic acquisitions while keeping a strong balance sheet. The shareholders remuneration will remain attractive.
Géraldine Picaud, CEO Designate, said: "I look forward to leading such a great company and to driving positive change in this dynamic industry. In line with our Strategy 2027 we will invest in segments and regions where greater opportunities exist, simplify our organization and enhance our financial profile to create value for all our stakeholders."

Download the report and watch video testimonials on our dedicated microsite.
For further information, please contact:
Investors
Ariel Bauer
Group Vice President, Investor Relations, Communications & Sustainability
t: +41 79 836 49 23

Livia Baratta
Investor Relations Manager
t: +41 79 586 48 53

Media
Magali Dauwalder
Global Head of Corporate Affairs
t: +41 79 329 46 70
 
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We are SGS – the world's leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories around the world.
 
 
 
Contact us
+41 22 739 91 11
SGS SA, 1 Place des Alpes, P.O. Box 2152, 1211 Geneva 1, Switzerland
sgs.com
 
 
 
 
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