The company reported half year results. Revenues declined 1.9% to CHF2.75bn mainly due to the strength of the Swiss franc. At constant currency revenues increased 3.4%, of which 1.8% was derived from organic growth and 1.6% from acquisitions. The lower than expected growth was mainly impacted by reduced and delayed capex from the oil and mining industries. The Environmental Services, consumer testing services and automotive services were the main contributors to revenue growth. EBIT declined
20 Jul 2015
Solid but not really exciting
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Solid but not really exciting
The company reported half year results. Revenues declined 1.9% to CHF2.75bn mainly due to the strength of the Swiss franc. At constant currency revenues increased 3.4%, of which 1.8% was derived from organic growth and 1.6% from acquisitions. The lower than expected growth was mainly impacted by reduced and delayed capex from the oil and mining industries. The Environmental Services, consumer testing services and automotive services were the main contributors to revenue growth. EBIT declined