Brief: Synlab Q1 Revenue At EUR 702 Million

Synlab AG

10/05/2023 06:32

May 10 (Reuters) - SYNLAB AG  SYAB.DE :
    * Q1 REVENUE 702.0 MILLION EUR
    * Q1 REVENUE STABLE AT EUR 702 MILLION COMPARED TO PRIOR
QUARTER
    * ROBUST UNDERLYING ORGANIC GROWTH OF 10.0%, ABOVE 4%
FORECAST FOR
FY 2023
    * Q1 COVID-19 TESTING REVENUE AT EUR 26 MILLION VERSUS. EUR
70
MILLION IN PREVIOUS QUARTER
    * Q1 ADJUSTED EBITDA MARGIN AT 16.9%, AT MID-POINT OF FY
2023
GUIDANCE OF 16-18%
    * Q1 ADJUSTED NET DEBT REDUCED TO EUR 1,582 MILLION
    * OUTLOOK 2023:  CONFIRMED

Source text for Eikon:  ID:nEQ14vPta 
Further company coverage:  SYAB.DE 

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