SGS : A solid start to the year despite adverse FX – Guidance maintained
>Q1 2024: 7.1% organic growth vs 6.0%e driven by I&E and NR - SGS reported this morning for the first time its Q1 sales, whereas it previously only reported interim figures. Sales fell by 2.1% to CHF 1 577 m, in line with our forecast (CHF 1 578 m), including a deeply negative forex effect of 8.6% that exceeded expectations (-4.8%e). Organic growth came to 7.1%, above our forecast of 6.0%e. At this stage, quarterly figures are not available in the Visible Alpha conse...
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.
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