SGS: stock down over 2% after annual results
(CercleFinance.com) - As the trailer in a rising SMI index in Zurich today, the SGS share is down 2.
2% after the Swiss giant in certification and compliance published its annual accounts, with profitability missing expectations.
In 2017, SGS' turnover reached 6.3 billion Swiss francs, up 6.1% as reported, and up 4.2% in organic terms.
On a pro-forma and adjusted basis, operating income rose by 5.4% to 969 million Swiss francs, representing a stable margin of 15.3%. However, the consensus was expecting around 15.8%, reports Bryan Garnier.
Net income, group share, rose by 14.4% to 621 million Swiss francs, or 91.7 Swiss francs per share in adjusted terms. At its AGM the group will propose a 7.1% increase in its dividend from 70 Swiss francs to 75 Swiss francs. Note that the generation of operating cash flow fell by 2.7% to 987 million Swiss francs.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
2% after the Swiss giant in certification and compliance published its annual accounts, with profitability missing expectations.
In 2017, SGS' turnover reached 6.3 billion Swiss francs, up 6.1% as reported, and up 4.2% in organic terms.
On a pro-forma and adjusted basis, operating income rose by 5.4% to 969 million Swiss francs, representing a stable margin of 15.3%. However, the consensus was expecting around 15.8%, reports Bryan Garnier.
Net income, group share, rose by 14.4% to 621 million Swiss francs, or 91.7 Swiss francs per share in adjusted terms. At its AGM the group will propose a 7.1% increase in its dividend from 70 Swiss francs to 75 Swiss francs. Note that the generation of operating cash flow fell by 2.7% to 987 million Swiss francs.
Copyright (c) 2018 CercleFinance.com. All rights reserved.