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Synlab : Q1 2024: solid profitability
>Underlying growth at 3.9%, high margin - Synlab reported € 682.4m in Q1 revenues, down 2.8% (+3.9% underlying growth). Adjusted EBITDA came in at € 123.1m and adjusted operating profit at € 64.8m.Adjusted net debt stood at € 1,249m (reported net debt € 1,285m) vs € 1,582m at the end of Q1 2023 (and € 1.3bn at end-2023). Reported financial leverage stands at 2.75x (vs 2.9x at end-2023).Management reiterated its 2024 guidance, namely 4% organic growth (around...
Underlying
SYNLAB AG
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Christophe-Raphaël Ganet
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