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4-Traders Homepage  >  Equities  >  Swiss Exchange  >  SGS    SGSN   CH0002497458

SGS (SGSN)
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SGS Societe Generale de Surveillance SA : New Cutting Edge Textile Laboratory in Madagascar

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07/04/2013 | 09:34am CEST

SGS has recently established a textile testing laboratory at Madagascar, one of the important textile and garment manufacturing sites in the region. The new 160 m2 state-of-the-art facility is staffed by highly experienced technical personnel offering physical testing and services for a broad range of apparel and textile products.

The new capacity and testing capabilities of the SGS Madagascar laboratory serve the country's ever expanding textile industry by providing valuable and rapid testing services to local textile and garment manufacturers wishing to comply with international regulations and requirements. In addition to testing, quality inspection, compliance audits, factory assessment and loading supervision make SGS Madagascar a one-stop service provider for the country's textile industry.

Pascal Bezençon, Managing Director of SGS Madagascar remarked, "With the establishment of the textile laboratory, the Madagascar textile industry benefits from the increase support from the local technical expertise, shortening of testing turnaround time and reduction of cost. This will thus increase the confidence of the international buyers. Furthermore, in line with SGS direction, we will further serve the textile industry by expanding our testing capability in the near future."

The addition this new laboratory and facility will add new capabilities and capacities to the ever expanding SGS Indian Ocean/Africa network, as well as increasing the geographical footprint of the Global Softlines network.

For more information, please contact:

Julie Rabarijaona
CTS Manager
SGS Madagascar  SARL
Immeuble Ariane 5A -
Enceinte GALAXY Andraharo
BP 1554 - Antananarivo 101
Madagascar
t: +261 20 23 564 10/11/12/13
m: +261 32 05 481 50
f: +261 20 23 564 14

ABOUT SGS

SGS is the world's leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 75,000 employees, SGS operates a network of over 1,500 offices and laboratories around the world.

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Financials ( CHF)
Sales 2018 6 802 M
EBIT 2018 1 059 M
Net income 2018 713 M
Debt 2018 682 M
Yield 2018 3,04%
P/E ratio 2018 27,12
P/E ratio 2019 24,72
EV / Sales 2018 3,03x
EV / Sales 2019 2,84x
Capitalization 19 901 M
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Number of Analysts 20
Average target price 2 465  CHF
Spread / Average Target -3,5%
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Managers
NameTitle
Frankie Ng Chief Executive Officer
Sergio Marchionne Chairman
Carla D. F. de Geyseleer Chief Financial Officer & Senior Vice President
August François von Finck Director
Shelby R. du Pasquier Independent Non-Executive Director
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