SGS SA reported earnings results for the year 2015. For the period, the company reported operating income decreased by 7.1%, and this is mainly the result of 2 things: first of all, the company incurred restructuring costs amounting to CHF 64 million in 2015; and secondly, in 2014, the reversal of the long-outstanding Paraguay receivable, adding a one-off benefit in 2014 amounting to CHF 32 million. Core operating cash flow increased by CHF 150 million.

The main reason for the improved core operational cash flow is the improvement in the net working capital.