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SYNLAB delivers record growth in Q1 2021
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DGAP-News: SYNLAB AG / Key word(s): Quarter Results
12.05.2021 / 07:30
SYNLAB delivers record growth in Q1 2021
- Nearly doubling revenue (+96%) in Q1 21 at EUR 938 million
- Strong SARS-CoV-2 testing volumes in Q1 21, above Q4 20
- Sustained underlying organic growth
- Adjusted EBITDA multiplied by 3.8x at EUR 324 million, margin showing strong volume leverage
- Record unlevered FCF of EUR 182 million driving major leverage ratio reduction at 2.3x, pre-IPO
- M&A activity resuming, with 10 acquisitions completed year-to-date (~EUR 44 million of EV)
- Successful IPO, with EUR 400 million raised to further reduce leverage