Brief: Synlab Continued Strong Performance In Second Quarter Of 2023

Synlab AG

09/08/2023 06:38

Aug 9 (Reuters) - SYNLAB AG  SYAB.DE :
    * EQS-NEWS: SYNLAB AG: CONTINUED STRONG PERFORMANCE IN THE
SECOND
QUARTER OF 2023
    * ROBUST H1 2023 PERFORMANCE WITH REVENUE OF EUR 1.4 BILLION
    * STRONG UNDERLYING ORGANIC GROWTH: 7.1% IN H1 2023 (Q2
2023:
4.4%)
    * ADJUSTED EBITDA MARGIN IN H1 2023 AT 16.9% (Q2 2023:
17.0%)
    * EUR 21 MILLION OF SALIX SAVINGS IN H1 2023
    * SIX ACQUISITIONS COMPLETED WITH AN EV OF EUR 74 MILLION IN
H1
2023
    * ADJUSTED NET DEBT AT EUR 1,700 MILLION AT END OF JUNE
2023, EUR
220 MILLION TERM LOAN B FULLY REPAID FOLLOWING DISPOSAL OF
SWITZERLAND OPERATIONS IN JULY 2023
    * H1 2023 UNLEVERED FREE CASH FLOW OF EUR 73 MILLION BEFORE
EUR
(85) MILLION OF ONE-OFFS

Further company coverage:  SYAB.DE 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))