The document provides an overview of a company's financial highlights for 2012, including: - Revenue grew 16.3% to CHF 5.6 billion, with organic revenue growth of 10.2%. - Adjusted operating income grew 12.9% to CHF 941 million, resulting in a margin of 16.9%. - Proposed dividend of CHF 58 per share, including an ordinary dividend of CHF 30 and additional dividend of CHF 28. The company saw growth across most business segments and regions. Revenue was well diversified across currencies, with the euro, US dollar, Chinese yuan and Australian dollar comprising over 50% of revenues. The outlook for several business segments in the second half

2. 2Financial community – 17 January 2013
BUSINESSOVERVIEW CONTENT
 FINANCIAL HIGHLIGHTS
2012 Highlights
Revenue Analysis
Operating Income Analysis
Cash Flows
Currency Analysis
Second Half 2012
 BUSINESS OVERVIEW
FINANCIALHIGHLIGHTS

3. 3Financial community – 17 January 2012

4. 4
HIGHLIGHTS
 Revenue growth of 16.3% to CHF 5.6 billion (historical rates)
• 14.5% (constant currency)
 Organic revenue growth of 10.2% (constant currency)
 Adjusted Operating Income(1) up 12.9% (constant currency)
to CHF 941 million resulting in a margin of 16.9%
 Adjusted Net Income(1) up 10.5% (constant currency)
to CHF 630 million
 Restructuring costs net of tax of CHF 47 million
 Net Income for the period of CHF 556 million
 Basic EPS of CHF 72.97 per share
 Proposed dividend to shareholders of CHF 58 per share
• Ordinary dividend of CHF 30 per share
• Additional dividend of CHF 28 per share
Financial community – 17 January 2013 1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs

5. 5
FINANCIAL HIGHLIGHTS
1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs
2) Constant currency basis
Financial community – 17 January 2013
CHF million 2012
December
2011
December
2011
December
Pro-forma(2)
Published
Revenue 5,578 4,874 4,797
Change in % 14.5 % 16.3 %
Adjusted Operating Income(1)
941 833 815
Change in % 12.9 % 15.4 %
Adjusted Operating Income Margin (1)
16.9 % 17.1 % 17.0 %
Operating Income (EBIT) 843 808 790
Change in % 4.3 % 6.7 %
Adjusted Net Income(1)
630 570 557
Change in % 10.5 % 13.1 %
Net Income 556 548 534
Change in % 1.5 % 4.1 %
Adjusted Basic EPS(1)
(CHF) 82.65 73.53 75.24
Basic EPS (CHF) 72.97 72.23 70.52

6. 6Financial community – 17 January 2013
SERVICE PORTFOLIO
1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs
AGRI
6.5%
MIN
17.4%
OGC
14.8%
LIFE
1.8%
CTS
24.8%
SSC
7.8%
IND
10.7%
ENVI
3.6%
AUTO
6.7%
GIS
5.9%
ADJUSTED
OPERATING INCOME(1)AGRI
6.6%
MIN
15.6%
OGC
18.7%
LIFE
3.6%CTS
16.8%
SSC
7.1%
IND
16.1%
ENVI
5.8%
AUTO
5.1%
GIS
4.6%
REVENUE
EUROPE /
AFRICA /
MIDDLE EAST
47.1%
AMERICAS
24.4%
ASIA PACIFIC
28.5%
REVENUE REGION

7. 7

8. 8Financial community – 17 January 2013
REVENUE GROWTH COMPOSITION
Revenues
December 11 Organic Acquisitions Disposals
Currency
impact
Revenues
December 12
4,797
495
209
77
5,578
10.2% 4.3% 0.0% 1.8% 16.3%
Constant currency growth: 14.5%

9. 9Financial community – 17 January 2013
LOCAL CURRENCY GROWTH BY BUSINESS
10.2%
17.3%
4.6%
6.6%
9.5%
6.2%
10.8%
0.9%
11.6%
13.8%
11.0%
4.3%
1.8%
6.6%
10.7%
2.1%
2.9%
0.6%
10.4%
1.3%
TOTAL
GIS
AUTO
ENVI
IND
SSC
CTS
LIFE
OGC
MIN
AGRI
Organic Acquisition Disposal
12.3%
24.2%
12.2%
3.8%
12.9%
6.2%
20.2%
13.2%
6.4%
17.3%
14.5%

10. 10Financial community – 17 January 2013
REVENUE GROWTH AND HEADCOUNT
CHANGE BY REGION
10.2%
10.7%
12.6%
8.8%
4.3%
0.9%
15.5%
1.3%
TOTAL GROUP
Asia / Pacific
Americas
Europe / Africa &
Middle East
Organic Acquisition Disposal
10.1%
28.1%
11.6%
14.5%
Δ in EOP headcount 2012
December
2011
December
Δ
Group Headcount 79,268 71,220 8,048
Organic Business Growth 4,738
Acquisitions 3,310
Disposals -
Increase in Group Headcount 8,048
By Region Headcount
Δ
Headcount
Δ%
Revenues
Δ%
Europe / Africa / Middle East 1,465 4.7 % 10.1 %
Americas 4,436 30.9 % 28.1 %
Asia / Pacific 2,147 8.3 % 11.6 %
TOTAL 8,048 11.3% 14.5%

11. 11

12. 12Financial community – 17 January 2013
ADJUSTED OPERATING INCOME(1) GROWTH
1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs
Op. Income
December 11 Organic Acquisitions Disposals
Currency
impact
Op. Income
December 12
815
80
28
18
941
9.5% 3.4% 0.0% 2.5% 15.4%
Constant currency growth: 12.9%

13. 13Financial community – 17 January 2013
HISTORICAL MARGIN PROGRESSION
1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs
5.0%
10.0%
15.0%
20.0%
25.0%
Adjusted EBITDA MARGIN(1)
DEC 08 DEC 09 DEC 10 DEC 11 DEC 12
21.3% 22.0% 22.4% 21.3% 21.4%
-
5.0%
10.0%
15.0%
20.0%
Adjusted OPERATING MARGIN(1)
DEC 08 DEC 09 DEC 10 DEC 11 DEC 12
17.0% 17.4% 17.8% 17.0% 16.9%

14. 14Financial community – 17 January 2013
ADJUSTED OPERATING MARGIN(1) BY BUSINESS
1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs
15.7%
19.4%
13.5%
10.8%
25.3%
18.7%
10.7%
9.4%
21.9%
23.4%
16.6%
18.8%
13.3%
8.7%
24.9%
18.7%
11.2%
10.6%
22.1%
21.5%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
AGRI
MIN
OGC
LIFE
CTS
SSC
IND
ENV
AUTO
GIS
December 11 December 12

15. 15
RESTRUCTURING COSTS
Financial community – 17 January 2013
AGRI
1.0%
MIN
7.1%
OGC
10.3%
LIFE
41.5%
CTS
6.3%
SSC
4.6%
IND
12.8%
ENVI
13.2%
AUTO
3.2%
RESTRUCTURING
BY BUSINESS
ACTIVITY
CLOSURES
5.3%
LOCATION
CLOSURES
51.2%
COST
OPTIMISATION
43.5%
RESTRUCTURING
BY TYPE
EUROPE /
AFRICA /
MIDDLE EAST
83.9%
AMERICAS
13.2%
ASIA PACIFIC
2.9%
RESTRUCTURING
2012 BY REGION

16. 16
CASH FLOW
Financial community – 17 January 2013
CHF million Dec 12 Dec 11
PROFIT FOR THE PERIOD 590 561
Non-cash items 493 433
Depreciation, amortisation and impairment 281 225
Share based payments 14 15
Tax 218 203
Other (20) (10)
(Increase)/decrease in working capital (73) (84)
Taxes paid (210) (220)
OPERATING CASH FLOW 800 690
Net (purchase)/sale of fixed assets (377) (337)
Acquisition of businesses (182) (112)
Other from investing activities - 6
CASH FLOW FROM INVESTING ACTIVITIES (559) (443)
Dividend paid to equity holders of SGS SA (497) (494)
Dividend paid to non-controlling interests (24) (16)
Acquisition of non-controlling interests - (2)
Net cash received/(paid) on treasury shares 76 (50)
Interest paid (46) (21)
Net flows on interest rate swaps 37 -
(Decrease)/increase in borrowings (12) 716
CASH FLOW FROM FINANCING ACTIVITIES (466) 133
Currency translations (5) 16
INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (230) 396

17. 17Financial community – 17 January 2013
CAPITAL EXPENDITURE
AGRI
5.9%
MIN
23.3%
OGC
19.6%
LIFE
4.9%
CTS
21.2%
SSC
1.3%
IND
8.3%
ENVI
5.4%
AUTO
2.6%
GIS
7.5%
CAPEX
BUSINESS
EUROPE /
AFRICA /
MIDDLE EAST
43.4%
AMERICAS
22.0%
ASIA PACIFIC
34.6%
CAPEX REGION
100
200
300
400
Capital Expenditure Depreciation & amortisation
2007 2008 2009 2010 2011 2012
ANNUAL CAPEX
CHF million

18. 18Financial community – 17 January 2013
FOREIGN CURRENCY REVENUES 2012
2012 2011 Change
EUR 1.2055 1.2334 (2.3)%
USD 0.9380 0.8868 5.8 %
CNY 0.1487 0.1372 8.4 %
AUD 0.9712 0.9144 6.2 %
CAD 0.9384 0.8968 4.6 %
GBP 1.4863 1.4210 4.6 %
TWD 0.0317 0.0302 5.1 %
CLP 0.0019 0.0018 5.1 %
HKD 0.1209 0.1139 6.1 %
BRL 0.4819 0.5306 (9.2)%
AVERAGE RATES
EUR
28.4%
USD
14.3%
CNY
9.8%
AUD
5.8%
CAD
4.7%
GBP
3.0%
TWD
2.8%
CLP
2.8%
HKD
2.5%
Other
25.9%

19. 19Financial community – 17 January 2013
FOREIGN CURRENCY SENSITIVITY ANALYSIS
EURO 1.17 1.21 1.24
Revenues (47) 0 45
Income (4) 0 4
USD 0.91 0.94 0.97
Revenues (24) 0 27
Income (2) 0 2
CNY 0.14 0.15 0.16
Revenues (32) 0 42
Income (10) 0 13

20. 20

21. 21Financial community – 17 January 2013
FINANCIAL HIGHLIGHTS (H2)
1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs
2) Constant currency basis
CHF million 2012
H2
2011
H2
2011
H2
Pro-forma(2)
Published
Revenue 2,927 2,571 2,452
Change in % 13.9 % 19.3 %
Adjusted Operating Income(1)
528 465 441
Change in % 13.5 % 19.7 %
Adjusted Operating Income Margin (1)
18.0 % 18.1 % 18.0 %
Operating Income (EBIT) 470 451 427
Change in % 4.2 % 10.1 %
Adjusted Net Income(1)
354 319 301
Change in % 11.0 % 17.6 %
Net income 311 307 288
Change in % 1.3 % 8.0 %

22. 22Financial community – 17 January 2013
LOCAL CURRENCY GROWTH BY BUSINESS (H2)
9.3%
14.5%
3.9%
7.5%
9.9%
6.3%
10.3%
4.4%
12.0%
8.1%
9.1%
4.6%
0.5%
7.2%
11.8%
2.5%
4.7%
0.6%
9.9%
1.7%
TOTAL
GIS
AUTO
ENVI
IND
SSC
CTS
LIFE
OGC
MIN
AGRI
Organic Acquisition Disposal
10.8%
18.0%
12.6%
9.1%
12.8%
6.3%
21.7%
14.7%
4.4%
14.5%
13.9%

23. 23Financial community – 17 January 2013
ADJUSTED OPERATING MARGIN(1) BY
BUSINESS (H2)
17.5%
20.3%
14.1%
11.2%
26.9%
20.1%
10.7%
10.4%
23.8%
23.4%
18.5%
19.2%
14.3%
9.4%
26.9%
20.2%
12.6%
12.9%
22.3%
20.3%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
AGRI
MIN
OGC
LIFE
CTS
SSC
IND
ENV
AUTO
GIS
December 11 December 12
1) Before amortisation of acquisition intangibles, restructuring, transaction and integration-related costs

24. 24

25. 25
AGRICULTURAL SERVICES (AGRI)
 Overview 2012
• Strong organic growth of 11.0%, driven by positive
markets for Trade Services; including grain exports
from Eastern Europe, India and Latin America.
• Additional growth from full year impact of 2011
acquisitions plus WareCare (Pest Management) and
Gravena (Contract Research) closed in 2012.
• Almost 30% growth in seed and crop services,
supported by acquired expertise and geographical
replication throughout the network.
• Successful commissioning of our flagship Food
Safety and Cold Chain facility in India. Client uptake
and market feedback positive.
 Outlook
• Black Sea export volumes lower in H1, partially
offset by other origins. Crop forecasts indicate
recovery in H2.
• Double digit growth for seed and crop, especially
precision farming and contract research. Expansion
focused on South America, Africa and Asia Pacific.
• New revenues from support services to farming
projects in Africa. Investments in Food Safety
facilities and technical services for plant breeding.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 369.5 329.0 327.1
Change in % 12.3 13.0
Adj. Operating Inc.(1)
61.3 51.8 51.2
Change in % 18.3 19.7
Margin %1
16.6 15.7 15.7
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

26. 26
MINERALS SERVICES (MIN)
 Overview 2012
• Strong markets and focused sales activity resulted
in 24.2% revenue growth (13.8% organic).
• CIMM integration well underway and margin
improvements ahead of plan.
• Exceptional growth in Africa, Asia and the Americas.
• All segments of the service portfolio delivered strong
organic growth.
• Slowdown in coal and iron ore impacted mainly
Australia in H2.
• Key project wins include
– Nui Phao on-site laboratory (Vietnam)
– Base Resources on-site laboratory (Kenya)
 Outlook
• Integration of E&S Engineering Solutions acquisition.
• Expect some slowdown in certain commodity
markets.
• 9 new onsite lab and 3 commercial labs will
commence operations in 2013.
• Financing for greenfield exploration projects will be
difficult in the early part of the year.
• Continued focus on sales process, quality and back-
office efficiencies.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 868.0 698.7 677.7
Change in % 24.2 28.1
Adj. Operating Inc.(1)
163.3 135.5 131.2
Change in % 20.5 24.5
Margin %1
18.8 19.4 19.4
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

27. 27
OIL, GAS & CHEMICALS SERVICES (OGC)
 Overview 2012
• Strong organic growth of 11.6% sustained by solid
trade related services with both volume increases
and market share gains.
• Outstanding growth in Upstream Services from
Australia and Papua New Guinea onshore market
and subsurface consultancy / reserves validation.
• Exceptional growth in Plant & Terminal Operations
and Cargo Treatment Services, specifically in North
America, largely offsetting reduced volumes in
Europe due to terminal and refinery closures.
• Margin impacted by lower volumes in Europe and
the Caribbean.
 Outlook
• Difficult trade market in Europe and the Caribbean to
remain, offset by growth in Asia and Middle East.
• Continued growth in Upstream from unconventional
resources segment (shale oil and gas, biogas, tight
gas, coal bed methane), Metering and Allocation
projects, as well as Cased Hole Services.
• Increased gas production leading to strong growth in
SGS GasPro™ Solutions and synergies with
Environmental, Minerals and Industrial services.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 1,046.0 932.0 911.7
Change in % 12.2 14.7
Adj. Operating Inc.(1)
139.2 126.0 123.3
Change in % 10.5 12.9
Margin %1
13.3 13.5 13.5
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

28. 28
LIFE SCIENCE SERVICES (LIFE)
 Overview 2012
• Double-digit organic revenue growth in laboratory
services offset by weak Clinical Research results.
• Laboratory growth driven by expansion in:
– Europe, led by the UK biologics laboratories
– North America, with fully renovated QC facilities
– Asia, with new state-of-art Mumbai laboratory
• Full integration of Vitrology completes the Biologics
service offering, adding Biosafety and synergies with
M-Scan.
• Weak results in early phase Clinical Research due
to limited number of molecules reaching trial stage.
 Outlook
• Early phase clinical research market expected to
remain weak resulting in the intended closure of the
Paris clinic.
• Expansion of the global key account strategy to
address the needs of large pharmaceutical
companies.
• Further synergies expected from the integration of
newly acquired biopharmaceutical service offerings.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 199.3 192.1 192.0
Change in % 3.7 3.8
Adj. Operating Inc.(1)
17.3 20.8 20.7
Change in % (16.8) (16.4)
Margin %1
8.7 10.8 10.8
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

29. 29
CONSUMER TESTING SERVICES (CTS)
 Overview 2012
• Strong organic revenue growth of 10.8% driven by
Asia, South America, Eastern Europe and Middle
East across the portfolio of activities.
• Major contributors are Softlines, E&E and Food
thanks to further development of strategic accounts,
market share gains and capacity expansion in new
geographies to align with client strategies.
• Margin below prior year reflecting some labour cost
increases in Asia as well as continued investments
in new market segments and acquisitions not yet
performing to expectations.
 Outlook
• Expanded capabilities in developing market
segments (E&E, Auto) and new segments of activity
will drive growth in 2013.
• Continued strong growth in South America and Asia
expected to continue at current pace.
• Western Europe expected to grow but at a lower
rate due to current economic conditions.
• Focus on productivity efficiency programmes.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 936.2 829.1 802.0
Change in % 12.9 16.7
Adj. Operating Inc.(1)
233.0 213.3 202.7
Change in % 9.2 14.9
Margin %1
24.9 25.7 25.3
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

30. 30
SYSTEMS & SERVICES CERTIFICATION (SSC)
 Overview 2012
• Strong organic growth in China, South America,
Africa and Eastern Europe, partly offset by difficult
European markets, particularly in Spain and Italy.
• Ongoing focus on efficiency improvements in
response to an increasingly competitive
environment.
• Weak performance in Australia due to the loss of an
important contract within the mining industry.
• New developments in training and second party
audit services becoming an increasing source of
revenue.
 Outlook
• Expect solid growth across most markets,
particularly in Asia, Eastern Europe and the
Americas, while Europe expected to remain weak.
• Further diversification of service portfolio within the
training and second party audit segments.
• Cost optimisation with development of new IT
platform to better respond to market needs.
• Improved performance of Italy and Australia thanks
to 2012 restructuring.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 394.9 372.0 364.0
Change in % 6.2 8.5
Adj. Operating Inc.(1)
73.7 70.3 68.2
Change in % 4.8 8.1
Margin %1
18.7 18.9 18.7
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

31. 31
INDUSTRIAL SERVICES (IND)
 Overview 2012
• Strong organic growth of 9.5%, driven by Asia,
Australasia, Middle East and Africa.
• Margin stabilised despite pressure in Europe as
investment projects are delayed.
• Continued restructuring to align organisational
structure to the new market conditions in Europe.
• Five acquisitions closed in 2012, mainly benefitting
the South American and African regions.
• New organisation based on 4 strategic business
units: Oil & Gas; Power & Utilities; Infrastructure &
Building; Transport, Equipment & Machinery.
 Outlook
• Limited organic growth expected in Europe while
other regions perform well (Americas, Asia and
Africa).
• Growth in the Oil & Gas segment expected mainly
in North America while growth in the Infrastructure &
Building segment expected in South America.
• Investments in materials testing capabilities will
become operational in 2013.
• Focus on margin improvements remains key.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 898.6 747.8 747.0
Change in % 20.2 20.3
Adj. Operating Inc.(1)
100.3 80.1 80.0
Change in % 25.2 25.4
Margin %1
11.2 10.7 10.7
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

32. 32
ENVIRONMENTAL SERVICES (ENVI)
 Overview 2012
• Continued growth in most operations driven by
natural resources extraction (minerals and oil & gas)
and renewable sector development.
• Accelerated market penetration through successful
acquisitions in USA, Brazil and Australia.
• Full service solution (field, lab and studies)
increased customer retention and profit optimisation.
• Strong development in Africa with feeder lab
network and support team located in South Africa.
• European market remains tough, impacting growth
and margin.
 Outlook
• Continued growing demand for full service solutions
driven by legislation and development projects both
in traditional and unconventional resources markets.
• Further development of geographical footprint and
growth in emerging markets (Latin America, Africa,
Eastern Europe).
• Increased demand for waste water & sludge testing
from retailers and textile manufacturers.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 322.7 285.0 283.8
Change in % 13.2 13.7
Adj. Operating Inc.(1)
34.3 26.9 26.8
Change in % 27.5 28.0
Margin %1
10.6 9.4 9.4
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

33. 33
AUTOMOTIVE SERVICES (AUTO)
 Overview 2012
• Statutory business provided solid results in Western
Europe, Africa, North and South America. New Road
Safety related services rolled out in Kenya.
• As anticipated, commercial activities in the USA
negatively impacted by significantly lower volumes.
• Certified-Pre-Owned audits extended for Volvo and
Ford.
• Secured tender for Identity Authentication Services
as part of the driver’s license programme in Ireland.
• Strong engine testing results in the USA with vehicle
testing picking up in Q4.
 Outlook
• Statutory business will continue to provide solid
results.
• Commercial inspection volumes expected to pick up
in 2013 with further increase in 2014.
• Several opportunities being pursued in the statutory
field in Asia, Africa, North and South America.
• Expanding Road Safety services and commercial
audit activities.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 286.9 269.7 270.2
Change in % 6.4 6.2
Adj. Operating Inc.(1)
63.4 58.5 59.3
Change in % 8.4 6.9
Margin %1
22.1 21.7 21.9
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

34. 34
GOVERNMENTS AND INSTITUTIONS SERVICES (GIS)
 Overview 2012
• Very strong organic growth of 17.3% driven by the
increasing scale of Product Conformity Assessment
(PCA) programmes.
• Pre-Shipment Inspection volumes remained solid
and stable on all programmes, including a renewed
programme for Haiti.
• Strong performance for TradeNet in Ghana and
Madagascar and excellent start for Mozambique.
• First ever Forestry monitoring programme with
scanners implemented in Democratic Republic of
Congo (DRC).
• New Telecom Monitoring in Rwanda and Uganda.
 Outlook
• Continued growth from PCA programmes.
• Termination of Nigeria Destination Inspection
contract with limited impact on operating income.
• Complete deployment of TradeNet in Mozambique.
• Complete implementation of new mandates:
• DRC and Congo (Forestry),
• Ghana (Ghana Revenue Authority).
• New contracts for cargo tracking and telecoms
monitoring.
CHF million December
2012
December
2011
December
2011
Pro-forma2
Published
Revenue 256.0 218.3 221.7
Change in % 17.3 15.5
Adj. Operating Inc.(1)
55.1 50.0 51.8
Change in % 10.2 6.4
Margin %1
21.5 22.9 23.4
(2)
Constant currency basis
(1)
Before amortisation of acquisition intangibles, restructuring, transaction
and integration-related costs
Financial community – 17 January 2013

35. 35
2013 INVESTOR HIGHLIGHTS
Financial community – 17 January 2013

36. 36
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