Report
Geoffroy Michalet ...
  • Matthias Desmarais

SGS : A credible CMD and a good-quality four-month trading update

>Excellent start to 2021 (4-month trading update), the best in peer group - The growth posted by the group for the first four months of the year works out at 15% on cc with 10% in organic terms, which is stable compared to the pre-COVID business level, and a scope effect of around 5%. Organic growth is the best in the peer group, with Intertek posting +2.7% over the first four months, while BVI, which reports on a quarterly basis, had an exit rate in March in the...
Underlying
SGS SA

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).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Geoffroy Michalet

Matthias Desmarais

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