EQS-News: SYNLAB AG: SYNLAB reports strong start to fiscal year 2023
However, Q1 2023 revenue was at the same level as prior-quarter revenue (Q4 2022: €701 million) despite lower COVID-19 testing volumes (Q4 2022: €70 million).
- However, Q1 2023 revenue was at the same level as prior-quarter revenue (Q4 2022: €701 million) despite lower COVID-19 testing volumes (Q4 2022: €70 million).
- Q1 2023 had more working days overall than Q1 2022, and SYNLAB achieved record daily revenues of €10 million with over-delivery of the Group’s For You Growth Initiatives.
- SYNLAB completed three bolt-on acquisitions in Q1 2023 with an accumulated EV of €23 million.
- SYNLAB held €396 million in cash at the end of Q1 2023 (year-end 2022: €542 million) as the Group repaid €100 million gross debt in February 2023.