SGS Geological Services · SIX:SGSN
SGS Geological Services — SGS — Q1 2026 Earnings Presentation
24 slides from SGS Geological Services's earnings presentation, Apr 23, 2026
Slide 1: Record Q1 sales of CHF 1.75 billion
Record Q1 sales of CHF 1.75 billion 23 April 2026 Semiconductor Security Assessment, Netherlands Géraldine Picaud CEO Marta Vlatchkova CFO
Slide 2: Q1 2026 highlights
Q1 2026 highlights Géraldine Picaud CEO 2 Q1 2026 2025 sales Sales update update || 23 24 April April 2026 2025 Solar Panel Inspection, Portugal
Slide 3: Record Q1 with strong organic sales growth of 5.3%
Q1 2026 highlights Record Q1 with strong organic sales growth of 5.3% Q1 2026 highlights Q1 sales reaching a record CHF 1 747 million, up 3.9% Strong contribution of organic sales growth at +5.3% and scope at +7.3%, partly offset by an adverse FX of -8.7% Limited impact of the Middle East situation
Slide 4: Strengthening capabilities and leadership in Digital Trust
Q1 2026 Digital Trust highlights Strengthening capabilities and leadership in Digital Trust Additional capabilities in connectivity Acquired Granite River Labs Services, deepening high-speed connectivity expertise Opened new laboratory in the UK, expanding capacity in Connectivity Strong position in
Slide 5: Integrating AI in our offering
Q1 2026 Innovation highlights Integrating AI in our offering Improving Chemical Intelligence: augmented labs customer 80% faster spectral analysis, accuracy 95%+ experience (quality and Nirmat AI: transforming Business Assurance turnaround time) Platform powered by AI to accelerate audits SGS FoodNe
Slide 6: Strong results delivered by ATS, integration fully on track
Acquisition of ATS Strong results delivered by ATS, integration fully on track New governance structure implemented from day one Segment leaders fully accountable for performance with clear targets and incentives Reconfigured sales organization with new frameworks for cross-selling implemented Ident
Slide 7: Nine bolt-on acquisitions year-to-date and strong pipeline
M&A activity Nine bolt-on acquisitions year-to-date and strong pipeline Representing total annual sales of more than CHF 65 million New x New New x New x x New x : new since FY reporting 7 Q1 2026 sales update | 23 April 2026
Slide 8: Organic growth of 5.3% supported by all business lines
Q1 2026 sales by business line Organic growth of 5.3% supported by all business lines Sales by business line CHF million Testing & Inspection Certification SGS Group 5.0% 7.4% 5.3% 6.3% 1 747 4.2% 618 6.3% 411 1.5% 326 206 186 Industries & Natural Connectivity & Health & Business Q1 2026 sales Envir
Slide 9: Excellent growth driven by Inspection projects and Safety
Testing & Inspection: Industries & Environment Excellent growth driven by Inspection projects and Safety CHF million Q1 2025 Q1 2026 I&E Sales 546 618 Total change 13.2% of which organic 6.3% of which scope 16.2% 35% of which FX -9.3% of Group sales Double-digit organic growth in Inspection & Superv
Slide 10: Solid organic growth led by Minerals
Testing & Inspection: Natural Resources Solid organic growth led by Minerals CHF million Q1 2025 Q1 2026 NR Sales 406 411 Total change 1.2% of which organic 4.2% of which scope 3.9% 23% of which FX -6.9% of Group sales Minerals delivered strong organic growth in the Americas, Asia Pacific and Southe
Slide 11: Strong organic growth led by Connectivity and Softlines
Testing & Inspection: Connectivity & Products Strong organic growth led by Connectivity and Softlines CHF million Q1 2025 Q1 2026 C&P Sales 332 326 Total change -1.8% of which organic 6.3% of which scope 2.0% 19% of which FX -10.1% of Group sales High single-digit organic growth in Connectivity led
Slide 12: High single-digit organic growth in Food
Testing & Inspection: Health & Nutrition High single-digit organic growth in Food CHF million Q1 2025 Q1 2026 H&N Sales 218 206 Total change -5.5% of which organic 1.5% of which scope 0.6% 12% of which FX -7.6% of Group sales High single-digit organic growth in Food driven by strong demand for food
Slide 13: Strong organic growth led by Sustainability & Digital Trust
Certification: Business Assurance Strong organic growth led by Sustainability & Digital Trust CHF million Q1 2025 Q1 2026 BA Sales 179 186 Total change 3.9% of which organic 7.4% of which scope 5.7% 11% of which FX -9.2% of Group sales Double-digit organic growth in Sustainability, driven by greenho
Slide 14: Q1 2026 sales review
Q1 2026 sales review Marta Vlatchkova CFO 14 Q1 2026 2025 sales Sales update update || 23 24 April April 2026 2025 Microindentation Testing, USA
Slide 15: Record Q1 sales, organic growth of 5.3%
Q1 2026 sales bridge Record Q1 sales, organic growth of 5.3% Sales bridge CHF million +5.3% +7.3% -8.7% +3.9% +124 1 681 +88 -146 1 747 + 12.6% at constant currency Q1 2025 sales Organic Scope Forex Q1 2026 sales 15 Q1 2026 sales update | 23 April 2026
Slide 16: Q1 2026 sales growth comparison in EUR and USD
FX impact Q1 2026 sales growth comparison in EUR and USD in millions CHF EUR equivalent USD equivalent Q1 2026 sales 1 747 1 905 2 230 Organic growth +5.3% +5.3% +5.3% Scope +7.3% +7.3% +7.3% Constant currency growth +12.6% +12.6% +12.6% Forex -8.7% -5.5% +6.7% Total Growth +3.9% +7.1% +19.3% Averag
Slide 17: Strong organic growth supported by all regions
Q1 2026 sales by region Strong organic growth supported by all regions Sales by region CHF million Testing & Inspection Certification SGS Group 5.0% 7.4% 5.3% 8.9% 2.4% 1 747 502 470 1.4% 2.0% 8.5% 245 186 175 169 186 Asia North Eastern Europe, Latin Business Europe America Q1 2026 sales Pacific Ame
Slide 18: Successful scrip dividend take-up of 61.35%
Scrip dividend Successful scrip dividend take-up of 61.35% Successful scrip dividend take-up of 61.35%, allowing SGS to reward the loyalty of its shareholders Close to CHF 400 million of cash will be redirected towards strategic growth opportunities Food Microbiology Testing, Spain 18 Q1 2026 sales
Slide 19: Outlook 2026
Outlook 2026 Géraldine Picaud CEO 19 Q1 2026 2025 sales Sales update update || 23 24 April April 2026 2025 Sample Transport by Autonomous Drones, Belgium
Slide 20: Outlook 2026 confirmed despite Middle East situation
Outlook 2026 Outlook 2026 confirmed despite Middle East situation 5% to 7% organic sales growth 5% to 7% additional sales from acquisitions, including ATS ≥ 16% Adjusted Operating Income margin, in reported terms > 50% cash conversion Capital Markets Event to be held on 17-18 November 2026 Food Cont
Slide 21: Appendix
Appendix 21 Q1 2026 sales update | 23 April 2026
Slide 22: Financial calendar
Upcoming events Financial calendar H1 2026 results Q3 2026 sales update Capital Markets Event Virtual Virtual Europe 24 July 2026 23 October 2026 17-18 November 2026 FY 2026 results Annual General Meeting Q1 2027 sales update Zürich Zürich Virtual 11 February 2027 24 March 2027 23 April 2027 22 Q1 2
Slide 23: Disclaimer
SGS Disclaimer Certain matters discussed in this presentation may constitute forward-looking statements that are neither historical facts nor guarantees of future performance. These forward-looking statements reflect current assumptions, expectations and views of the management and are subject to kn
Slide 24: sgs.com
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