(AOF) – SGS advances 0.69% to 87.52 Swiss francs on the Geneva Stock Exchange. The inspection and certification specialist reaffirmed during its investor day the broad outlines of its strategy for the current financial year and the next three while announcing the acquisition of the North American nuclear testing specialist MP Machinery. The Geneva giant still estimates its organic growth for the current financial year between 5% and 9%. By 2027, it targets annual organic growth of 5% to 7%.
“The objectives for 2024-2027 are reaffirmed and the change in strategy continues at a sustained pace,” appreciates UBS in a note.
Adjusted operating margin is expected to improve by at least 1.5 percentage points.
Furthermore, the cost base should be able to be reduced by 150 million Swiss francs by 2027, instead of around a hundred million.
“By 2027, we are targeting a doubling of our turnover in North America,” said SGS management. Last year, this region accounted for only 12% of turnover compared to 36% for the Old Continent and 34% for the Asia-Pacific region.
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