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SGS (VTX:SGSN) 2008 Year End Results

SGS (VTX:SGSN) Corporate news announcement processed and transmitted by Hugin AS. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------

With constant currency revenue growth of 17.7% (10.2% reported basis) to CHF 4.8 billion, the SGS Group achieved a seventh consecutive year of improved performance delivering a 13.9% increase in operating income (pre-exceptional items) to CHF 810 million at an operating margin of 16.8%.

In an increasingly volatile trading environment, the Group increased net profit to CHF 579 million (pre-exceptionals), an increase of 12.4% from the prior year. In addition, the Group recorded an exceptional after tax gain in the Governments & Institutions Services business of CHF 113 million which has brought net income to CHF 692 million, 38.4% higher than 2007. The Board of Directors has authorized another share buy-back program of up to CHF 250 million.

Confident about the Group's prospects, having CHF 574 million of cash on hand at the end of 2008 and having recorded a CHF 15 per share exceptional gain, the Board of Directors proposes a dividend of CHF 50 per share.

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SGS 1 place des Alpes
P.O. Box 2152 Geneva 1 Switzerland

WKN: 870264; ISIN: CH0002497458; Index: SMCI, SMI, SMIEXP, SPI; Listed: Main Market in SWX Swiss Exchange;

LINK: http://hugin.info/100354/R/1282097/286914.pdf

SGS

http://www.sgs.com

ISIN: CH0002497458

Stock Identifier: XSWX.SGSN

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