SGS beats annual revenue estimates as North American sales surge

Swiss testing group SGS reported 2025 sales of 6.95 billion francs today. Strong growth in North America helped offset currency headwinds and beat expectations.

Insights:
SGS reported its full-year 2025 financial results today, revealing total sales of 6.95 billion Swiss francs. This performance was marginally above the 6.94 billion Swiss francs expected by analysts, according to data provided by LSEG . The results underscore a period of revenue upside to estimates for the firm, which operates extensively within the testing and inspection sector .
The company’s growth was largely supported by organic expansion and a significant increase in demand within the North American market . Sales in this region nearly doubled year-on-year, representing a materially larger North American contribution to the company’s overall revenue. This surge was driven by near-shoring activities, which have gained momentum as a direct result of protectionist U.S. trade policies .
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