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"Installations in International Waters" , "IQ" : "Iraq" , "IE" : "Ireland" , "IM" : "Isle Of Man" , "IL" : "Israel" , "IT" : "Italy" , "CI" : "Ivory Coast" , "JM" : "Jamaica" , "JP" : "Japan" , "JE" : "Jersey" , "JO" : "Jordan" , "KZ" : "Kazakhstan" , "KE" : "Kenya" , "KI" : "Kiribati" , "KR" : "Korea, Republic of" , "XK" : "Kosovo" , "KW" : "Kuwait" , "KG" : "Kyrgyzstan" , "LA" : "Lao, People\u0027s Democratic Republic" , "LV" : "Latvia" , "LB" : "Lebanon" , "LS" : "Lesotho" , "LR" : "Liberia" , "LY" : "Libya" , "LI" : "Liechtenstein" , "LT" : "Lithuania" , "LU" : "Luxembourg" , "MO" : "Macao" , "MG" : "Madagascar" , "MW" : "Malawi" , "MY" : "Malaysia" , "MV" : "Maldives" , "ML" : "Mali" , "MT" : "Malta" , "MH" : "Marshall Islands" , "MQ" : "Martinique" , "MR" : "Mauritania" , "MU" : "Mauritius" , "YT" : "Mayotte" , "MX" : "Mexico" , "FM" : "Micronesia, Federated States of" , "MD" : "Moldova" , "MC" : "Monaco" , "MN" : "Mongolia" , "ME" : "Montenegro" , "MS" : "Montserrat" , "MA" : "Morocco" , "MZ" : "Mozambique" , "NA" : "Namibia" , "NR" : "Nauru" , "NP" : "Nepal" , "NL" : "Netherlands" , "AN" : "Netherlands Antilles" , "NC" : "New Caledonia" , "NZ" : "New Zealand" , "NI" : "Nicaragua" , "NE" : "Niger" , "NG" : "Nigeria" , "NU" : "Niue" , "NF" : "Norfolk Island" , "KU" : "North Iraq Kurdistan" , "MK" : "North Macedonia" , "MP" : "Northern Mariana Islands" , "NO" : "Norway" , "OM" : "Oman" , "YY" : "Online" , "PK" : "Pakistan" , "PW" : "Palau" , "PS" : "Palestine, State of" , "PA" : "Panama" , "PG" : "Papua New Guinea" , "PY" : "Paraguay" , "PE" : "Peru" , "PH" : "Philippines" , "PN" : "Pitcairn" , "PL" : "Poland" , "PT" : "Portugal" , "PR" : "Puerto Rico" , "QA" : "Qatar" , "RE" : "Réunion" , "RO" : "Romania" , "RW" : "Rwanda" , "BL" : "Saint Barthélémy" , "SH" : "Saint Helena, Ascension and Tristan da Cunha" , "KN" : "Saint Kitts and Nevis" , "LC" : "Saint Lucia" , "MF" : "Saint Martin (French part)" , "PM" : "Saint Pierre and Miquelon" , "VC" : "Saint Vincent 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data-sc-page-name="SGS First Quarter 2024 Sales Update" data-sc-page-name-full-path="/sitecore/content/SGSCorp/Home/News/2024/04/SGS First Quarter 2024 Sales Update" data-sc-index-source-name="Coveo_web_index_new - SGS-V5-PROD" data-sc-is-in-experience-editor="false" data-sc-is-user-anonymous="true" data-sc-item-uri="sitecore://web/{B190AA7C-D57C-4716-AFA4-A2284FAFDB64}?lang=en-GB&ver=1" data-sc-item-id="b190aa7c-d57c-4716-afa4-a2284fafdb64" data-prebind-sc-latest-version-field-name="fieldTranslator" data-sc-latest-version-field-name="_latestversion" data-sc-rest-endpoint-uri="https://platform-eu.cloud.coveo.com/rest" data-sc-site-name="SGSCorp" data-sc-field-prefix="f" data-sc-field-suffix="19324" data-sc-prefer-source-specific-fields="false" data-sc-external-fields="[{"fieldName":"permanentid","shouldEscape":false}]" data-sc-source-specific-fields="[{"fieldName":"attachmentparentid"},{"fieldName":"author"},{"fieldName":"clickableuri"},{"fieldName":"collection"},{"fieldName":"concepts"},{"fieldName":"date"},{"fieldName":"filetype"},{"fieldName":"indexeddate"},{"fieldName":"isattachment"},{"fieldName":"language"},{"fieldName":"printableuri"},{"fieldName":"rowid"},{"fieldName":"size"},{"fieldName":"source"},{"fieldName":"title"},{"fieldName":"topparent"},{"fieldName":"topparentid"},{"fieldName":"transactionid"},{"fieldName":"uri"},{"fieldName":"urihash"}]" id="coveo3a949f41" class="CoveoForSitecoreContext " data-e2e-id="coveo-coveo3a949f41"></div><section class="SearchBoxOverlayComponent_o-search-box-overlay-component__duZl2 w-full search-box-overlay"><div class="h-full w-full flex overflow-y-auto"><div class="SearchBoxOverlayComponent_o-search-box-overlay-component__container___o_hd container h-full max-h-full w-full overflow-y-auto"><h3 class="SearchBoxOverlayComponent_o-search-box-overlay-component__headline__Uvm0t text-center">What are you looking for?</h3><div class="search-box-overlay__field"><div id="_185F67BF-1D73-4AEE-9564-FDE5B0EB24D9" class=" " data-e2e-id="coveo-_185F67BF-1D73-4AEE-9564-FDE5B0EB24D9"><div id="_185F67BF-1D73-4AEE-9564-FDE5B0EB24D9_container" data-prebind-maximum-age="currentMaximumAge" class="coveo-for-sitecore-search-box-container"><div data-enable-omnibox="true" data-partial-match-keywords="5" data-prebind-maximum-age="currentMaximumAge" data-query-suggest-character-threshold="3" data-clear-filters-on-new-query="false" id="_185F67BF-1D73-4AEE-9564-FDE5B0EB24D9" class="CoveoSearchbox " data-e2e-id="coveo-_185F67BF-1D73-4AEE-9564-FDE5B0EB24D9"><div class="CoveoForSitecoreExpressions"></div><div class="CoveoForSitecoreConfigureSearchHub" data-sc-search-hub="SGS-V5-SearchHub-Prod"></div></div></div></div></div><div class="SearchBoxOverlayComponent_o-search-box-overlay-component__links__6DCBI"><h4 class="SearchBoxOverlayComponent_o-search-box-overlay-component__section-headline__DyhqG text-center">Some topics you might be interested in</h4><div class="SearchBoxOverlayComponent_o-search-box-overlay-component__links-list__ktJyV"><a class="SearchBoxOverlayComponent_o-search-box-overlay-component__link__LG25D flex justify-between" aria-label="SGS Annual Report" href="/"><span>SGS Annual Report</span><svg viewBox="0 0 30 30" fill="none" xmlns="http://www.w3.org/2000/svg" class="SearchBoxOverlayComponent_o-search-box-overlay-component__chevron__RjoNC" title="SGS Annual Report" width="12" height="14"><path d="M10.143 4.186l-.994.945c-.199.249-.199.646 0 .845l8.999 9-8.999 9.048c-.199.199-.199.596 0 .845l.995.945a.572.572 0 00.845 0l10.44-10.391a.673.673 0 000-.846L10.99 4.187a.572.572 0 00-.846 0z" fill="currentColor"></path></svg></a><a class="SearchBoxOverlayComponent_o-search-box-overlay-component__link__LG25D flex justify-between" aria-label="Job Opportunities" href="/en-gb/our-company/careers-at-sgs"><span>Job Opportunities</span><svg viewBox="0 0 30 30" fill="none" xmlns="http://www.w3.org/2000/svg" class="SearchBoxOverlayComponent_o-search-box-overlay-component__chevron__RjoNC" title="Job Opportunities" width="12" height="14"><path d="M10.143 4.186l-.994.945c-.199.249-.199.646 0 .845l8.999 9-8.999 9.048c-.199.199-.199.596 0 .845l.995.945a.572.572 0 00.845 0l10.44-10.391a.673.673 0 000-.846L10.99 4.187a.572.572 0 00-.846 0z" fill="currentColor"></path></svg></a><a class="SearchBoxOverlayComponent_o-search-box-overlay-component__link__LG25D flex justify-between" aria-label="Upcoming Webinars" href="/en-gb/webinars"><span>Upcoming Webinars</span><svg viewBox="0 0 30 30" fill="none" xmlns="http://www.w3.org/2000/svg" class="SearchBoxOverlayComponent_o-search-box-overlay-component__chevron__RjoNC" title="Upcoming Webinars" width="12" height="14"><path d="M10.143 4.186l-.994.945c-.199.249-.199.646 0 .845l8.999 9-8.999 9.048c-.199.199-.199.596 0 .845l.995.945a.572.572 0 00.845 0l10.44-10.391a.673.673 0 000-.846L10.99 4.187a.572.572 0 00-.846 0z" fill="currentColor"></path></svg></a><a class="SearchBoxOverlayComponent_o-search-box-overlay-component__link__LG25D flex justify-between" aria-label="Sustainability Solutions" href="/en-gb/our-services/impact-now-for-sustainability"><span>Sustainability Solutions</span><svg viewBox="0 0 30 30" fill="none" xmlns="http://www.w3.org/2000/svg" class="SearchBoxOverlayComponent_o-search-box-overlay-component__chevron__RjoNC" title="Sustainability Solutions" width="12" height="14"><path d="M10.143 4.186l-.994.945c-.199.249-.199.646 0 .845l8.999 9-8.999 9.048c-.199.199-.199.596 0 .845l.995.945a.572.572 0 00.845 0l10.44-10.391a.673.673 0 000-.846L10.99 4.187a.572.572 0 00-.846 0z" fill="currentColor"></path></svg></a></div></div></div></div></section><div class="generic-page-hero"><div><section class="HeroBannerSComponent_o-hero-banner-s-component__XvwgI flex flex-col hero-banner-block"><div class="HeroBannerBackground_m-hero-banner-background__ETq6c flex flex-grow bg-cover bg-center bg-no-repeat bg-media-gradient w-full justify-items-stretch flex-row relative" style="background-image:;--bg-color:var(--color-base-white)"><div class="bg-cover bg-center bg-no-repeat w-full flex z-auto"><div class="container _full-width relative overflow-hidden flex flex-grow flex-col pointer-events-none"><div class="HeroBannerContent_m-hero-banner-content__m0gRh flex flex-col flex-grow justify-center m-hero-banner-content pointer-events-none HeroBannerContent__align-left__vKj_W HeroBannerContent__vertical-align-center__QxMTp HeroBannerContent__theme-dark__MapbO"><div class="" style="opacity:1"><a class="HeroBannerContent_m-hero-banner-content__byline__xTkKB" aria-label="" href="/en-gb/news"><div class="HeroBannerContent_m-hero-banner-content__byline-text__UPzdU">News</div></a></div><div><h1>SGS First Quarter 2024 Sales Update</h1></div></div></div></div></div></section></div></div><div class="NewsDetailDeckComponent_o-news-detail-deck-component__30RB_"><div class="DeckContainer_m-deck-container__Euf6a"><div class="DeckContainer_m-deck-container__inner-content___QQg4 container flex items-center"><div class="flex flex-col md:flex-row items-stretch w-full"><a class="NewsDetailDeckComponent_o-news-detail-deck-component__link__XWnh2 flex flex-col md:flex-row" href="/en-gb/investors/news/ad-hoc-announcements">Ad Hoc Announcements</a><span class="NewsDetailDeckComponent_o-news-detail-deck-component__text__KAdsp">Ad hoc announcement pursuant to Art. 53 LR</span><span class="NewsDetailDeckComponent_o-news-detail-deck-component__date___cXs5">April 26, 2024</span></div></div><div class="DeckContainer_m-deck-container__outer-content__SY7CU container flex flex-col"></div></div></div><div><div class="anchor-block" id="E78"></div><div style="background-color:var()"><div class="RichTextItem_a-rich-text-item__e6Z9K pt-7 lg:pt-13 pb-3 container"><div class="RichTextItem_a-rich-text-item__holder__XMLKB RichTextItem__content-width__OkS5F a-rich-text-item__holder"><h2>Strong start to the year<br /> Strategy 27 on track</h2> <ul> <li>Organic<sup>*</sup> sales growth of 7.1%, at the top end of guidance</li> <li>New CEO and streamlined Executive Committee appointed</li> <li>Management incentives implemented, fully aligned with Group targets</li> <li>Restructuring plan launched</li> <li>Pipeline of bolt-on acquisitions expanding</li> <li>Successful scrip dividend</li> <li>Outlook 2024 confirmed</li> </ul> <p><strong>Géraldine Picaud, CEO, commented:</strong></p> <p> “Today, we are delighted to report our quarterly sales for the first time. The strength of our organic growth reflects the soundness and diversity of our portfolio of activities. We have started to execute Strategy 27 to firm up this growth momentum, streamline the organization and generate a strong financial performance. I am confident that with the energy and passion of our experienced teams across the globe, we will deliver on our promises.”</p> <h4>First quarter 2024 sales review</h4> <p>Sales reached CHF 1 577 million in the first quarter of 2024. Strong organic<sup>*</sup> growth of 7.1% offset most of the negative currency effect of 8.6%. In reported terms, sales were down 2.1% compared to prior year.</p> <p>Sustainability, digital trust, supply chain services and increased regulations supported the strong organic growth, in line with industry megatrends. All divisions and regions contributed to this positive performance.</p> <h4>Strategy 27: Accelerating growth, building trust</h4> <p>Strategy 27 – ‘Accelerating growth, building trust’ was announced on 26 January 2024 and execution is on track.</p> <p id="arclight">Géraldine Picaud was appointed CEO on 26 March 2024 and announced a streamlined Executive Committee on the same day. Management incentives fully aligned with Group targets were implemented to promote a culture of accountability and performance across the network. The CHF 100 million restructuring plan was launched and execution is underway to reach the new run rate at the end of 2025. M&A was relaunched as a key growth lever and the Group is expanding its pipeline of bolt-on targets, with a view to accelerate acquisitions in leading-edge activities across the network. The scrip dividend was successful, unlocking additional firepower to drive shareholder returns through accelerated, sustainable growth.</p> <h4>M&A relaunched</h4> <p>SGS has reached an agreement to acquire ArcLight Wireless Inc., a world-class leader in systems engineering, network services, technical outsourcing and field testing for the wireless industry, headquartered in North Carolina, United States. The company has 75 full-time employees.</p> <p>This acquisition, which will be effective 1 May 2024, is positioned within the digital megatrend. It allows SGS to reinforce its presence in North America and to strengthen the Group’s leadership in the dynamic connectivity industry.</p> <h4>Successful scrip dividend</h4> <p>The company’s Annual General Meeting held on 26 March 2024 had offered its shareholders the possibility to receive the 2023 dividend in cash or in new SGS shares.</p> <p>As announced on 22 April 2024, 64.87% of the dividend for the financial year 2023 was elected to be paid in the form of new SGS shares, with the remaining 35.13% to be paid out in cash. The delivery of the new shares and the payment of the total CHF 207.3 million cash dividend took place on 25 April 2024.</p> <p>This represents a clear endorsement of Strategy 27 and allows SGS to reward the loyalty of its shareholders while redirecting close to CHF 400 million of cash towards attractive growth opportunities.</p> <h4>Outlook 2024</h4> <p>The Group confirms its targets for 2024:</p> <ul> <li>Mid to high single-digit organic<sup>*</sup> growth</li> <li>M&A relaunched</li> <li>Improvement in adjusted operating income<sup>*</sup> margin on sales</li> <li>Strong free cash flow<sup>* </sup>generation</li> </ul> <h4>Mid-term 27 objectives</h4> <p>Strategy 27 will shift gears towards growth of the top and bottom line. The Group confirms the following objectives over the next four years:</p> <ul> <li>Organic<sup>*</sup> sales growth of 5% to 7% annually</li> <li>Significant improvement of at least 1.5 percentage points in adjusted operating income<sup>*</sup> margin on sales by 2027</li> <li>Cash conversion<sup>*</sup> to exceed 50% by 2027</li> </ul></div></div></div></div><div><div class="anchor-block" id="E58"></div><div class="PromoBanner3ColComponent_o-promo-banner-3-col-component__KN9gf o-promo-banner-3-col-component --is-static --col-1"><div class="relative"><div class="PromoBanner3ColComponent_o-promo-banner-3-col-component_content__G8a3l PromoBanner3ColComponent_--is-static__5_c8d PromoBanner3ColComponent_--content-centered__0FRDJ grid relative"><div class="PromoBanner3ColBackground_m-promo-banner-3col-background__7Umy8 w-full h-full absolute top-0 left-0 bg-cover bg-no-repeat" style="background-color:var(--color-base-white)"></div><div class="PromoBanner3ColComponent_o-promo-banner-3-col-component_wrapper__CcD1I container _full-width z-10 grid relative"><div class="PromoBanner3ColComponent_o-promo-banner-3-col-component_holder__NvtZG pt-11 pb-11"><div class="MultiColumnsContainerComponent_o-multi-columns-container-component__4Uvps MultiColumnsContainerComponent_--distribution-static__tfDFh flex flex-col md:flex-row justify-center max-cols-3 multicolumns"><div class="MultiColumnsContainerComponent_o-multi-columns-container-component__column__1S_Vf" style="--column-width:100%"><div class="TextFactItemComponent_text-facts-item__OsB53 TextFactItemComponent__is-only-column___mLkg"></div></div><div class="MultiColumnsContainerComponent_o-multi-columns-container-component__column__1S_Vf" style="--column-width:100%"></div><div class="MultiColumnsContainerComponent_o-multi-columns-container-component__column__1S_Vf" style="--column-width:100%"></div><div class="MultiColumnsContainerComponent_o-multi-columns-container-component__column__1S_Vf" style="--column-width:100%"></div></div><div class="PromoBanner3ColComponent_ilearning-wrapper__FJ_gI"><div class="PromoBanner3ColComponent_o-promo-banner-3-col-component_cta-wrap__AE_Lh w-full z-10 flex"><div class="CTAs_m-ctas__Jq8fa flex flex-col md:flex-row-reverse md:justify-end items-center m-ctas"><a class="--medium --level-1 --theme-light CTAs_m-ctas__cta__lScEx m-ctas__cta button block" target="_self" aria-label="Download press release & presentation" href="/en-gb/investors/results"><div class="button__wrap"><span class="button__text">Download press release & presentation</span><div class="button__icon flex justify-end"><svg viewBox="0 0 30 30" fill="none" xmlns="http://www.w3.org/2000/svg" width="12" height="12"><path d="M14.711 4.184l-.982.932c-.246.245-.246.637 0 .833l7.616 7.601H4.59a.597.597 0 00-.59.589v1.373c0 .343.246.588.59.588h16.755l-7.616 7.65c-.246.197-.246.59 0 .834l.982.932c.197.245.59.245.836 0l10.269-10.25a.564.564 0 000-.833l-10.27-10.25c-.245-.244-.638-.244-.835 0z" fill="currentColor"></path></svg></div></div></a></div></div></div></div></div></div></div></div></div><div><div class="anchor-block" id="150"></div><div style="background-color:var()"><div class="RichTextItem_a-rich-text-item__e6Z9K pt-3 pb-3 container"><div class="RichTextItem_a-rich-text-item__holder__XMLKB RichTextItem__content-width__OkS5F a-rich-text-item__holder"><p>A live <a rel="noopener noreferrer" href="https://event.choruscall.com/mediaframe/webcast.html?webcastid=D8eKzMAU" target="_blank">webcast</a> for analysts and investors will be held today at 10:00 am CET. A recording of the webcast will be available later in the day.</p> <p><sub><sup>*</sup>Please refer to Alternative Performance Measures – Appendix to the Q1 2024 sales update press release.</sub></p></div></div></div></div><div><div class="anchor-block" id="DD6"></div><div style="background-color:var()"><div class="RichTextItem_a-rich-text-item__e6Z9K pt-3 pb-7 lg:pb-13 container"><div class="RichTextItem_a-rich-text-item__holder__XMLKB RichTextItem__content-width__OkS5F a-rich-text-item__holder"><h2>About SGS</h2> <p><em>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.</em></p></div></div></div></div><div><div class="anchor-block" id="CAA"></div><div class="TeaserManualComponent_o-teaser-manual-component__oYj5C TeaserManualComponent__no-overflow__lko3B TeaserManualComponent__layout-horizontal__pdzpB TeaserManualComponent__contact-us__ctb5S"><div class=" " style="background-color:var(--color-base-grey-100)"><div class="TeaserManualComponent_o-teaser-manual-component__wrapper__iD6Ck _full-width"><div><div class="TeaserManualComponent_o-teaser-manual-component__content__LJRDm pb-7 pt-7 md:flex md:flex-col lg:flex-row container"><div class="TeaserHorizontalLayout_m-teaser-horizontal-layout__o7em_ flex flex-row TeaserHorizontalLayout__two-items-only__q5cWI TeaserHorizontalLayout__wide-layout__7uEI0 TeaserHorizontalLayout__flex-layout__s84k3"><div class="TeaserHorizontalLayout_m-teaser-horizontal-layout__info__RPAx_ md:self-center"><div class="TeaserManualComponent_o-teaser-manual-component__info__W5cVS flex flex-col items-start"><h2 class="TeaserManualComponent_o-teaser-manual-component__headline__EDmLV">Investor and media contacts</h2></div></div><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__k0AJE"><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__wrapper__HIbeL" title="[object Object]" name="[object Object]" lastName="[object Object]" socialMediaLinks="[object Object],[object Object],[object Object]" description="[object Object]" image="[object Object]" overlayHeadline="[object Object]" nationality="[object Object]" overlayDescription="[object Object]" schemaName="[object Object]"><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__image__GN3RJ"><img alt="Ariel Bauer" sizes="(max-width: 320px) 260px, 260px" srcSet="https://imgix-prod.sgs.com/-/jssmedia/sgscorp/images/people/ariel-bauer-square.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=top&w=260&h=260 260w" src="https://imgix-prod.sgs.com/-/media/sgscorp/images/people/ariel-bauer-square.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=top&w=260&h=260"/></div><h3 class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__name__vv9h8 mb-2">Ariel Bauer</h3><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__description__g0i_u richtext">Head of Communications, Sustainability & Investor Relations</div></div><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__social__AusUj"></div></div><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__k0AJE"><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__wrapper__HIbeL" title="[object Object]" name="[object Object]" lastName="[object Object]" socialMediaLinks="[object Object],[object Object],[object Object]" description="[object Object]" image="[object Object]" overlayHeadline="[object Object]" nationality="[object Object]" overlayDescription="[object Object]" schemaName="[object Object]"><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__image__GN3RJ"><img alt="Livia Baratta" sizes="(max-width: 320px) 260px, 260px" srcSet="https://imgix-prod.sgs.com/-/jssmedia/sgscorp/images/people/livia-baratta.cdn.en-GB.1.jpg?fit=crop&auto=format&w=260&h=260 260w" src="https://imgix-prod.sgs.com/-/media/sgscorp/images/people/livia-baratta.cdn.en-GB.1.jpg?fit=crop&auto=format&w=260&h=260"/></div><h3 class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__name__vv9h8 mb-2">Livia Baratta</h3><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__description__g0i_u richtext">Director, Investor Relations</div></div><div class="TeaserContactUsItemComponent_o-teaser-contact-us-item-component__social__AusUj"></div></div></div></div></div></div></div></div></div><section class="AutomaticTeaserNewsComponent_o-automatic-teaser-news-component__UUkED AutomaticTeaserNewsComponent__layout-horizontal__qJnXl pt-6 lg:pt-7 pb-6 lg:pb-7" style="background-color:var(--color-primary-2)"><div class="container _full-width"><div class="px-4 lg:px-7"><div class="AutomaticTeaserNewsComponent_o-automatic-teaser-news-component__content__XUF8T pb-7 md:flex md:flex-row"><div class="TeaserHorizontalLayout_m-teaser-horizontal-layout__o7em_ flex flex-row TeaserHorizontalLayout__flex-layout__s84k3"><div class="TeaserHorizontalLayout_m-teaser-horizontal-layout__info__RPAx_ md:self-center"><div class="AutomaticTeaserNewsComponent_o-automatic-teaser-news-component__headline-wrap__xMBd9 flex flex-col items-start md:self-center"><h2 class="AutomaticTeaserNewsComponent_o-automatic-teaser-news-component__headline__espq9">Related 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News</span><span class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__date__CLQrc">November 20, 2024</span></div><h3 class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__title__bqA4x">Capital Markets Event 2024 <br> Executing Strategy 27 at Full Speed</h3><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__description__ypWiw richtext">CEO Géraldine Picaud, CFO Marta Vlatchkova and the executive team will highlight the rapid momentum in delivering Strategy 27.</div></div></a><a class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__qkjxp AutomaticTeaserNewsItem__is-cta__2te63" aria-label="" href="/en-gb/news/2024/10/sgs-third-quarter-2024-sales-update"><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__image__VE_di"><div style="padding-bottom:56.25%" class="Image_a-aspect-ratio-image__Rmn_z"><img alt="SGS CC Q3 2024 Website Banner" sizes="(max-width: 320px) 643px, 643px" srcSet="https://imgix-prod.sgs.com/-/jssmedia/sgscorp/images/corporate/investor-relations/sgs-cc-q3-2024-website-banner.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=focalpoint&fp-x=0.5&fp-y=0.3&fp-z=1&w=643&h=264 643w" src="https://imgix-prod.sgs.com/-/media/sgscorp/images/corporate/investor-relations/sgs-cc-q3-2024-website-banner.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=focalpoint&fp-x=0.5&fp-y=0.3&fp-z=1&w=643&h=264"/></div></div><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__content__eM_6_"><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__details__nib7X"><span class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__tag__dC1is">Global Corporate News</span><span class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__date__CLQrc">October 25, 2024</span></div><h3 class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__title__bqA4x">SGS Third Quarter 2024 Sales Update</h3><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__description__ypWiw richtext">We are proud to announce continued strong sales performance in Q3.</div></div></a><a class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__qkjxp AutomaticTeaserNewsItem__is-cta__2te63" aria-label="" href="/en-gb/news/2024/07/sgs-2024-half-year-results"><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__image__VE_di"><div style="padding-bottom:56.25%" class="Image_a-aspect-ratio-image__Rmn_z"><img alt="HYR SGG Smiling Scientist" sizes="(max-width: 320px) 643px, 643px" srcSet="https://imgix-prod.sgs.com/-/jssmedia/sgscorp/images/corporate/hyr-sgg-smiling-scientist-2.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=focalpoint&fp-x=0.55&fp-y=0.4&fp-z=1&w=643&h=264 643w" src="https://imgix-prod.sgs.com/-/media/sgscorp/images/corporate/hyr-sgg-smiling-scientist-2.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=focalpoint&fp-x=0.55&fp-y=0.4&fp-z=1&w=643&h=264"/></div></div><div 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class="Image_a-aspect-ratio-image__Rmn_z"><img alt="Worker in a warehouse holding a red crate" sizes="(max-width: 320px) 643px, 643px" srcSet="https://imgix-prod.sgs.com/-/jssmedia/sgscorp/images/people/worker-in-a-warehouse-holding-a-red-crate-edit.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=focalpoint&fp-x=0.5&fp-y=0.35&fp-z=1&w=643&h=264 643w" src="https://imgix-prod.sgs.com/-/media/sgscorp/images/people/worker-in-a-warehouse-holding-a-red-crate-edit.cdn.en-GB.1.jpg?fit=crop&auto=format&crop=focalpoint&fp-x=0.5&fp-y=0.35&fp-z=1&w=643&h=264"/></div></div><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__content__eM_6_"><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__details__nib7X"><span class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__tag__dC1is">Global Corporate News</span><span class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__date__CLQrc">April 22, 2024</span></div><h3 class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__title__bqA4x">Dividend 2023: Announcement of Final Terms</h3><div class="AutomaticTeaserNewsItem_m-automatic-teaser-news-item__description__ypWiw richtext">SGS announces today that 64.87% of the dividend for the financial year 2023 was elected to be paid in the form of new SGS shares, while the remaining 35.13% will be paid out in cash.</div></div></a></div></div></div></div></section><section class="AutomaticTeaserNewsAndResourcesComponent_o-automatic-teaser-news-and-resources-component___ftLF AutomaticTeaserNewsAndResourcesComponent__layout-horizontal__z3vCt pt-6 lg:pt-7 pb-7 lg:pb-7" style="background-color:var()"><div class="container _full-width _overflow-visible"><div class="AutomaticTeaserNewsAndResourcesComponent_o-automatic-teaser-news-and-resources-component__content__Iazkn md:flex md:flex-row px-4 lg:px-7"><div class="TeaserHorizontalLayout_m-teaser-horizontal-layout__o7em_ flex flex-row 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start to the year\u003cbr /\u003e\nStrategy 27 on track\u003c/h2\u003e\n\u003cul\u003e\n \u003cli\u003eOrganic\u003csup\u003e*\u003c/sup\u003e\u0026nbsp;sales growth of 7.1%, at the top end of guidance\u003c/li\u003e\n \u003cli\u003eNew CEO and streamlined Executive Committee appointed\u003c/li\u003e\n \u003cli\u003eManagement incentives implemented, fully aligned with Group targets\u003c/li\u003e\n \u003cli\u003eRestructuring plan launched\u003c/li\u003e\n \u003cli\u003ePipeline of bolt-on acquisitions expanding\u003c/li\u003e\n \u003cli\u003eSuccessful scrip dividend\u003c/li\u003e\n \u003cli\u003eOutlook 2024 confirmed\u003c/li\u003e\n\u003c/ul\u003e\n\u003cp\u003e\u003cstrong\u003eG\u0026eacute;raldine Picaud, CEO, commented:\u003c/strong\u003e\u003c/p\u003e\n\u003cp\u003e\n\u0026ldquo;Today, we are delighted to report our quarterly sales for the first time. The strength of our organic growth reflects the soundness and diversity of our portfolio of activities. We have started to execute Strategy 27 to firm up this growth momentum, streamline the organization and generate a strong financial performance. I am confident that with the energy and passion of our experienced teams across the globe, we will deliver on our promises.\u0026rdquo;\u003c/p\u003e\n\u003ch4\u003eFirst quarter 2024 sales review\u003c/h4\u003e\n\u003cp\u003eSales reached CHF 1 577 million in the first quarter of 2024. Strong organic\u003csup\u003e*\u003c/sup\u003e growth of 7.1% offset most of the negative currency effect of 8.6%. In reported terms, sales were down 2.1% compared to prior year.\u003c/p\u003e\n\u003cp\u003eSustainability, digital trust, supply chain services and increased regulations supported the strong organic growth, in line with industry megatrends. All divisions and regions contributed to this positive performance.\u003c/p\u003e\n\u003ch4\u003eStrategy 27: Accelerating growth, building trust\u003c/h4\u003e\n\u003cp\u003eStrategy 27 \u0026ndash; \u0026lsquo;Accelerating growth, building trust\u0026rsquo; was announced on 26 January 2024 and execution is on track.\u003c/p\u003e\n\u003cp id=\"arclight\"\u003eG\u0026eacute;raldine Picaud was appointed CEO on 26 March 2024 and announced a streamlined Executive Committee on the same day. Management incentives fully aligned with Group targets were implemented to promote a culture of accountability and performance across the network. The CHF 100 million restructuring plan was launched and execution is underway to reach the new run rate at the end of 2025. M\u0026amp;A was relaunched as a key growth lever and the Group is expanding its pipeline of bolt-on targets, with a view to accelerate acquisitions in leading-edge activities across the network. The scrip dividend was successful, unlocking additional firepower to drive shareholder returns through accelerated, sustainable growth.\u003c/p\u003e\n\u003ch4\u003eM\u0026amp;A relaunched\u003c/h4\u003e\n\u003cp\u003eSGS has reached an agreement to acquire ArcLight Wireless Inc., a world-class leader in systems engineering, network services, technical outsourcing and field testing for the wireless industry, headquartered in North Carolina, United States. The company has 75 full-time employees.\u003c/p\u003e\n\u003cp\u003eThis acquisition, which will be effective 1 May 2024, is positioned within the digital megatrend. It allows SGS to reinforce its presence in North America and to strengthen the Group\u0026rsquo;s leadership in the dynamic connectivity industry.\u003c/p\u003e\n\u003ch4\u003eSuccessful scrip dividend\u003c/h4\u003e\n\u003cp\u003eThe company\u0026rsquo;s Annual General Meeting held on 26 March 2024 had offered its shareholders the possibility to receive the 2023 dividend in cash or in new SGS shares.\u003c/p\u003e\n\u003cp\u003eAs announced on 22 April 2024, 64.87% of the dividend for the financial year 2023 was elected to be paid in the form of new SGS shares, with the remaining 35.13% to be paid out in cash. 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