Brief: Synlab 9-month Adjusted EBITDA Up 10% To EUR 908 Million

Synlab AG

10/11/2021 06:37

Nov 10 (Reuters) - Synlab AG  SYAB.DE :
    * DGAP-NEWS: SYNLAB DELIVERS STRONG 9M 2021 RESULTS, ON
TRACK TO
SIGNIFICANTLY EXCEED 2021 FINANCIAL TARGETS SET AT IPO
    * 9M NET PROFIT 471 MILLION EUR VERSUS -94 MILLION EUR LOSS
YEAR
AGO
    * Q3 REVENUE UP 20% TO EUR 849 MILLION
    * 2022 OUTLOOK SHOWING FURTHER MATERIAL UPSIDE VERSUS. PRE
COVID-19 PERIOD (+50% REVENUE VERSUS. 2019)
    * 9-MONTH 32.8% ADJUSTED EBITDA MARGIN
    * 2021 FINANCIAL GUIDANCE (ADJUSTED SLIGHTLY UPWARD TODAY)
MATERIALLY HIGHER THAN IPO TARGETS
    * 9-MONTH ADJUSTED EBITDA WAS EUR 908 MILLION AND MARGIN
32.8%, AN
INCREASE OF 10.1 PERCENTAGE POINTS COMPARED TO 9M 2020
    * 9-MONTH ADJUSTED OPERATING PROFIT REACHED EUR 761 MILLION
AT END
OF SEPTEMBER 2021 (EUR 257 MILLION IN 9M 2020)

Source text for Eikon:  ID:nEQbw98dta 
Further company coverage:  SYAB.DE 

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