SYNLAB Shines with Robust Q1 2024 Performance

• SYNLAB AG reported strong performance in Q1 2024 with revenue at €682 million.
• The company experienced strong underlying organic growth at 3.9% (Q1 2023: 10.0%); 5.2% adjusted for working days.
• Adjusted EBITDA was at €123 million, an increase of 4% compared to Q1 2023.
• The company reported a strong Adjusted EBITDA margin at 18.0% (Q1 2023: 16.9%), at the upper end of the guided range for FY 2024 of 17-18%.
• SYNLAB achieved €8 million of SALIX savings and a strong unlevered free cash flow at €45 million.
• The company's adjusted net debt was at €1.25 billion at the end of March 2024.

The price of SYNLAB at the time of the news was 10,360EUR and did not change compared to the previous day.
47 minutes after the article was published, the price was 10,380EUR this corresponds to a plus of +0,19 % since publication.
At this time, the index SDAX was at 14.758,46PKT (+1,52 %).

SYNLAB

-1,16 %

-2,82 %

-4,09 %

-13,42 %

+7,33 %

-46,11 %

-42,67 %

-42,67 %

-48,16 %

ISIN:DE000A2TSL71WKN:A2TSL7

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