At first glance, SGS delivered a solid performance in 2018, but we are not convinced. Since the start of the 2020 Plan, SGS has acquired CHF300m of revenue, which is far from the billion CHF target over 2016-20. Even though the group expects to accelerate its M&A activities, there still remains much to be done.
23 Jan 2019
Solid performance in 2018, but far from the (M&A) 2020 billion target
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Solid performance in 2018, but far from the (M&A) 2020 billion target
At first glance, SGS delivered a solid performance in 2018, but we are not convinced. Since the start of the 2020 Plan, SGS has acquired CHF300m of revenue, which is far from the billion CHF target over 2016-20. Even though the group expects to accelerate its M&A activities, there still remains much to be done.