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

SGS SA (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 CET

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 2016 6 056 M
EBIT 2016 932 M
Net income 2016 613 M
Debt 2016 792 M
Yield 2016 3,42%
P/E ratio 2016 25,17
P/E ratio 2017 23,65
EV / Sales 2016 2,74x
EV / Sales 2017 2,64x
Capitalization 15 825 M
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Mean consensus HOLD
Number of Analysts 26
Average target price 2 047  CHF
Spread / Average Target 1,2%
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Frankie Ng Chief Executive Officer
Sergio Marchionne Chairman
Carla D. F. de Geyseleer Chief Financial Officer & Senior Vice President
August François von Finck Independent Director
Shelby R. du Pasquier Independent Non-Executive Director
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