SGS: stock down after unsurprising results.
(CercleFinance.com) - The SGS stock is down 2.
3% today, representing the sharpest faller on Zurich's SMI, after the group of inspection and certification services published unsurprising interim results.
At constant exchange rates, it generated adjusted operating profit and turnover that were up 4.9% to respectively 428 million Swiss francs and three billion Swiss francs, roughly in line with the consensus.
The strong growth (+3.4% in organic terms) was mainly due to the non-energy activities, which once again have demonstrated the strength of our well-balanced portfolio, SMS said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
3% today, representing the sharpest faller on Zurich's SMI, after the group of inspection and certification services published unsurprising interim results.
At constant exchange rates, it generated adjusted operating profit and turnover that were up 4.9% to respectively 428 million Swiss francs and three billion Swiss francs, roughly in line with the consensus.
The strong growth (+3.4% in organic terms) was mainly due to the non-energy activities, which once again have demonstrated the strength of our well-balanced portfolio, SMS said.
Copyright (c) 2017 CercleFinance.com. All rights reserved.