SGS is the world leader in inspection, verification, testing and certification
Share capital (03/31/2019) 16.6 %
Voting rights (03/31/2019) 16.6 %
Stake value (03/31/2019) € 2,808 M
Dividend (12/31/2018) € 82.2 M
Investment year
2013
Business area
Testing, Inspection and Certification (TIC)
Employees
97,000
Registered office
Geneva, Switzerland
 
Profile

SGS provides tailored inspection, verification, testing and certification solutions to its customers to make their commercial activities faster, simpler and more efficient. Its worldwide network consists of more than 95,000 employees at more than 2,400 offices and laboratories.

Portfolio value 03/31/2019
15.0 %
Net dividends 12/31/2018
18.2 %
Investment case

Investment case The industry is characterised by high barriers to entry and attractive fundamentals:

  • Global need across industries for safety and traceability
  • Expansion and ageing of infrastructure
  • Outsourcing of activities
  • Development of regulations and compliance demands
  • Growing complexity of products
  • New digital growth areas
  • Consolidation in multiple sectors

In this sector, SGS offers a particularly attractive profile:

  • World leader
  • Diversified portfolio
  • Ideally positioned to take advantage of growth opportunities
  • Resilient across economic cycles
  • Board of Directors 3/9*
  • Audit Committee 1/3*
  • Remuneration and Nomination Committee 1/3*