Report
Geoffroy Michalet

SGS : Feedback from conference call: key takeaways and new estimates for 2023

>Our estimates and consensus expectations raised on the margin front - The group reported an acceleration in organic growth to around 3.8% in November-December 2022 (with 5% excluding the China effect) after growth of 6.9% in July-October with solid growth in Asia at 6% and the Americas at 10.2% over the year.Overall, the fundamentals appear to be in good shape for the group as a whole in terms of organic growth, but certain factors should weigh on growth 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

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