Revenues climb at SGS
The world's largest verification, testing and certification group, Société Générale de Surveillance, has reported that revenues over the first nine months of the year climbed 8.3 per cent to SFr1.79 billion ($996.7 million), excluding divestments.
However, a statement from its headquarters in Geneva, said that excluding gains from those divestments, revenues declined by 23.8 per cent or SFr558.4 million.
The positive exchange rate effect also had a favourable impact on overall revenues by some SFr81 million.
Revenues in Core Businesses excluding SGS Global Trade Solutions have grown strongly in the last nine months, delivering an increase of SFr61.2 million ( 7.4 per cent) over the same period last year.
SGS says this growth has been partly offset by a revenue decline of six per cent or SFr17.4 million in SGS Global Trade Solutions.
Following its e-business strategy, SGSonSite has now integrated its first business-to-business exchanges and hubs and has begun delivering its services. These include vendor ratings, specification sheets, sampling and visual inspections in Argentina, Thailand and China.
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