SGS is engaged in the provision of inspection, verification, testing, certification and quality assurance services. Co.'s business lines include: Agricultural; Minerals; Oil, Gas & Chemicals; Life Science; Consumer Testing; Systems & Services Certification; Industrial; Environmental; Automotive; and Governments & Institutions. As of Dec 31 2014, Co.'s geographic operations were organized as follows: Europe, Africa, Middle East (Western Europe, Northern and Central Europe, Southern Central Europe, Eastern Europe & Middle East, and Africa); Americas (North America, and South America); and Asia Pacific (East Asia, China & Hong Kong, and South Eastern Asia & Pacific).
  • TickerSGSN
  • ISINCH0002497458
  • ExchangeSix Swiss Exchange
  • SectorSupport Services
  • CountrySwitzerland

Analysts

Emira Sagaama ...
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 01/07/2020

In parallel with our ESG team, we are publishing a report where we have used four criteria (fleet, aircraft utilisation rates, impact of ETS/CORSIA and sensitivity to environmental taxes), to rank the airlines in our universe of coverage according to their strengths to withstand a low-carbon world. Applying these criteria, Ryanair emerges as the best placed airline and Air France-KLM brings up the rear. - Cf. sector report published last evening. - ...

Emira Sagaama ...
  • Matthias Desmarais
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 07/01/2020

En parallèle avec notre équipe ESG, nous publions une note où nous avons classé selon 4 critères (flotte, utilisation des avions, impact ETS/CORSIA et sensibilité aux taxes environnementales) les sociétés de notre couverture en fonction de leurs atouts pour faire face à un monde décarboné. Au final, Ryanair ressort comme la société la mieux positionnée et Air France-KLM ferme la marche. Cf. étude publiée hier soir. - ...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Grieving for 2019 at an end, but expected improvement in 2020 priced in

>Slower growth and little support for margins in H2 2019 - Organic growth in H2 2019 should approach historic lows, with a deceleration we now expect to +1.8% (vs previous estimate of 2.9% and +3.5% in H1), giving 2.6% over the full year. The reasons are the ongoing underperformance from the transportation business, the withdrawal from contracts in industry and the still unfavourable momentum in GIS - points that are specific to SGS. This should be compounded by the n...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Le deuil de 2019 est fait, mais le pari sur 2020 est dans le cours

>Croissance ralentie et peu de soutien pour la marge au S2 2019 - La croissance organique au S2 2019 devrait approcher les plus bas historiques, avec une décélération et atteindre désormais, selon nous, 1.8%e (vs 2.9% auparavant et 3.5% au S1) menant à 2.6% sur l’année. En cause la poursuite de la sous-performance en Transportation, la sortie de contrats en Industrie et une dynamique toujours défavorable en GIS, des éléments spécifiques à SGS. A cela devrait s’ajouter...

SGS Sa: 1 director sold

A director at SGS Sa sold 50 shares at 2,659.860CHF and the significance rating of the trade was 59/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members ...

Emira Sagaama ...
  • Matthias Desmarais

SGS : The story is attractive but the valuation leaves little upside

The best-in-class story is attractive, with a recovery in organic growth confirmed and scope for an improvement in margins, but these prospects are priced in to the current valuation. We maintain our Neutral recommendation, with a revised target price of CHF 2,800. - >A positive read-across from peers confirming the improvement in growth - The positive read-across from the Q1 results reported by the group's peers confirms that the improvement in organic growth at SGS i...

Emira Sagaama ...
  • Matthias Desmarais

SGS : L’histoire est attractive mais la valorisation laisse peu d’upside

L’histoire de best-in class avec une recovery de la croissance organique confirmée et un potentiel d’amélioration de la marge est attractive, mais la valorisation actuelle reflète bien ces perspectives. Nous maintenons notre opinion Neutre avec un OC revu à 2800 CHF. - >Read across positif des pairs confirmant l’amélioration de la croissance - Le read-across positif des résultats T1 des pairs confirme la continuité de l’amélioration de la croissance organique chez SGS....

Emira Sagaama ...
  • Matthias Desmarais

SGS : Grieving for 2019 at an end, but expected improvement in 2020 priced in

>Slower growth and little support for margins in H2 2019 - Organic growth in H2 2019 should approach historic lows, with a deceleration we now expect to +1.8% (vs previous estimate of 2.9% and +3.5% in H1), giving 2.6% over the full year. The reasons are the ongoing underperformance from the transportation business, the withdrawal from contracts in industry and the still unfavourable momentum in GIS - points that are specific to SGS. This should be compounded by the n...

Emira Sagaama ...
  • Matthias Desmarais

SGS : Le deuil de 2019 est fait, mais le pari sur 2020 est dans le cours

>Croissance ralentie et peu de soutien pour la marge au S2 2019 - La croissance organique au S2 2019 devrait approcher les plus bas historiques, avec une décélération et atteindre désormais, selon nous, 1.8%e (vs 2.9% auparavant et 3.5% au S1) menant à 2.6% sur l’année. En cause la poursuite de la sous-performance en Transportation, la sortie de contrats en Industrie et une dynamique toujours défavorable en GIS, des éléments spécifiques à SGS. A cela devrait s’ajouter...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior