01.11
Net increase of SGS (Societe Generale de Surveillance) at the Zurich Stock Exchange, after the presentation of 2001 results and outlook for 2002 which marked the official debut of the popular new CEO, Sergio Marchionne. The company’s stock, a world leader in monitoring and inspections and that has Worms (Ifil) between the shareholder with 14.7% of the capital, rose 5.2% to 389 Swiss francs, after a maximum of 393 in morning. Sgs today announced losses of 75 million francs for 2001, under the weight of extraordinary charges for 177 million. The operating profit of SGS is also the result of 102 million, down compared to 113 million the year before, but above the 89-100 expected by analysts. Investors have also welcomed the positive outlook for 2002 and the company’s commitment to “transparent” professed italy-Canadian Marchionne, highly respected manager in the Swiss financial circles.