SYNLAB - 4Q15
​Germany’s Synlab, which merged in October with France’s Labco to form Europe's No.1 testing lab company, reported a disappointing set of 4Q15 results, with the group going through a difficult integration phase and suffering from tariff cuts in various countries. In its first quarter as a combined company, Synlab’s organic revenue slowed down to 1.2% year-on-year from the 3.8% in 9M15, due to drastic tariff cuts in Italy (11% of revenue) and the Czech Republic (3% of revenue), as well as the growing pricing pressure in Spain (8% of revenue).
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