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SGS SA (SGSN.S)

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Wed, Nov 7 2018

UPDATE 1-Swiss SGS 2020 profit targets hit by commodity downturn

ZURICH, Nov 7 Swiss testing and inspection company SGS cut its profit targets for 2020 on Wednesday, saying a downturn in commodities markets had also prompted it to make management changes.

SGS pares 2020 target as commodity markets sour

ZURICH, Nov 7 Swiss testing company SGS scaled back its profit targets for 2020, saying on Wednesday that a downturn in commodities markets would delay a hoped-for boost.

BRIEF-SGS Trims 2020 Adj Operating Income Margin Target

* TARGETING ACCELERATING M&A AND REMAIN DISCIPLINED ON RETURNS

BRIEF-SGS Acquires Testing And Verification Company IBR

* ACQUISITION BROADENS OUR SERVICES WITHIN NON-WOVEN MATERIALS, PARTICULARLY FILTRATION PERFORMANCE, ALLOWING FURTHER EXPANSION OF VALUE-ADDED SERVICES TO OUR CUSTOMERS AND CORE INDUSTRIES Source text: https://bit.ly/2q0qp4g Further company coverage: (Reporting by Berlin Speed Desk)

BRIEF-SGS says successfully issues 225 mln Sfr And CHF 175 mln Sfr Bonds

* announces the successful issuance of a seven year CHF 225 million straight bond with a coupon of 0.75 per cent and a ten year CHF 175 million straight bond with a coupon of 1.25 per cent

SGS names acting chairman after Marchionne hospitalised

ZURICH, July 22 Swiss logistics services and testing company SGS has appointed Peter Kalantzis as acting chairman of the board of directors after current Chairman Sergio Marchionne, the CEO of carmaker Fiat Chrysler, was hospitalised in Zurich.

BRIEF-SGS confirms outlook after H1 profit stagnates

* SAYS TOTAL H1 REVENUE INCREASED BY 6.5% (OF WHICH 5.6% ORGANIC) ON A CONSTANT CURRENCY BASIS TO CHF 3.3 BILLION

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