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    SGSN   CH0002497458

SGS AG

(SGSN)
  Report
Delayed Quote. Delayed Swiss Exchange - 01/18 11:32:01 am
2872 CHF   -1.07%
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SGS : We Have Acquired Sulphur Experts Inc. in Canada

11/26/2021 | 12:40am EST
Today, SGS enhances its Sustainability Solutions with the acquisition of a majority stake in Sulphur Experts Inc., headquartered in Calgary, Alberta, Canada.

Investor Relations

Sulphur Experts is a highly recognized company providing process engineering consulting, specialized testing and training activities, supporting customers in the amine treating and sulfur recovery industries to optimize performance and reduce their impact on the environment.

With its expertise and technologies, Sulphur Experts helps the industry increase operational optimization and reliability through a combination of on-site sampling and expert engineering analysis. Its research and development team continues to develop innovative analytical and engineering methods to enhance the processes associated with carbon dioxide and sulfur removal, which will enable our clients to meet increasingly demanding regulatory requirements.

With offices in Canada, US and the Netherlands, the company currently employs approximately 50 people including engineers, scientists, technologists and support personnel, and generates annual revenues of c. CAD 12 million.

Frankie Ng, CEO of SGS, said: "This acquisition brings us proprietary technology and industry-leading expertise in various processes serving global refining and gas-treatment industries. These new services will form part of our Sustainability Solutions by supporting our customers on their journey towards energy efficiency and reduction of carbon and sulfur content in refined products, gas and emissions."

The transaction is expected to close on December 1.

For further information, please contact:

Toby Reeks
SVP, Corporate Communications, Sustainability & Investor Relations
t: +41 79 641 83 02
www.sgs.com

Ad hoc announcement pursuant to Art. 53 LR

About SGS

We are SGS - the world's leading testing, inspection and certification company. We are recognized as the global benchmark for quality and integrity. Our 93,000 employees operate a network of 2,600 offices and laboratories, working together to enable a better, safer and more interconnected world.

Disclaimer

SGS SA published this content on 26 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 November 2021 05:39:05 UTC.


ę Publicnow 2021
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Analyst Recommendations on SGS AG
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Financials
Sales 2021 6 347 M 6 914 M 6 914 M
Net income 2021 639 M 696 M 696 M
Net Debt 2021 1 923 M 2 094 M 2 094 M
P/E ratio 2021 33,4x
Yield 2021 2,85%
Capitalization 21 526 M 23 481 M 23 448 M
EV / Sales 2021 3,69x
EV / Sales 2022 3,50x
Nbr of Employees 92 143
Free-Float -
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SGS AG Technical Analysis Chart | SGSN | CH0002497458 | MarketScreener
Technical analysis trends SGS AG
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 23
Last Close Price 2 872,00 CHF
Average target price 2 919,10 CHF
Spread / Average Target 1,64%
EPS Revisions
Managers and Directors
Frankie Ng Chief Executive Officer
Dominik de Daniel Chief Financial Officer
Calvin Grieder Chairman
Olivier Merkt Chief Compliance Officer & SVP-Legal
August Franšois von Finck Independent Director