Brief: Synlab FY Adjusted EBITDA EUR 753.0 Mln

Synlab AG

16/03/2023 06:04

March 16 (Reuters) - SYNLAB AG  SYAB.DE :
    * FY ADJUSTED EBITDA 753.0 MILLION EUR
    * FY REVENUE 3.25 BILLION EUR
    * REVENUE AT EUR 3.25 BILLION EXCEEDS INITIAL 2022 GUIDANCE
    * DIVIDEND PROPOSAL OF EUR 0.33 PER SHARE OUTSTANDING,
REPRESENTING A PAY-OUT RATIO SLIGHTLY ABOVE 20% OF ADJUSTED EPS
    * FY ADJUSTED EBITDA OF EUR 753 MILLION AND MARGIN AT 23.2%
    * DIVIDEND PROPOSAL OF EUR 0.33 PER SHARE OUTSTANDING,
REPRESENTING A PAY-OUT RATIO SLIGHTLY ABOVE 20% OF ADJUSTED EPS
    * Q4 2022, REVENUE WAS EUR 701 MILLION
    * COVID-19 TESTING REVENUE, AS PART OF TOTAL REVENUE, IS
EXPECTED
TO DECLINE BUT TO REMAIN AROUND EUR 50 MILLION IN 2023
    * GROUP WILL IMPLEMENT A TEMPORARY REDUCTION OF M&A SPENT IN
2023
TO AROUND EUR 100 MILLION TO FULLY FOCUS BUSINESS ON ACHIEVING
SAME PRODUCTIVITY LEVEL AS BEFORE PANDEMIC OUTBREAK
    * SYNLAB EXPECTS ADJUSTED EBITDA MARGIN TO BE IN A RANGE OF
16-18%
IN 2023

Source text for Eikon:  ID:nEQb7ZH4Ha 
Further company coverage:  SYAB.DE 

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