SYNLAB announces upward revision of FY'21 guidance
SYNLAB AG / Key word(s): Forecast
In view of better-than-expected H1'21 trading, driven by robust growth of the underlying business and higher-than-expected SARS-CoV-2 momentum, SYNLAB is raising its FY'21 guidance.
Revenue is now expected to be within a range of EUR 3.2-3.3 billion in FY'21 (previously: "comfortably exceed EUR 3.0 billion") with total growth expected within a range of 22-25% (previously: ~17%) compared with FY'20.
Adjusted EBITDA is expected to exceed EUR 925 million in FY'21 (new guidance), compared with EUR 679 million in FY'20.
Unlevered free cash flow (pre-M&A) is expected to exceed EUR 500 million in FY'21 (previously: EUR 300-350 million) compared with EUR 272 million in FY'20.
SYNLAB will publish the full H1'21 financial results and provide further details with its non-audited results on 12 August 2021.
Statements made in this document may include forward-looking statements. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "believes," "expects," "expected," "may," "will," "would," "should," "seeks," "pro forma," "anticipates," "intends," "plans," "estimates," "estimated," or the negative of any thereof or other variations thereof or comparable terminology, or by discussions of strategy or intentions. These statements are not guarantees of future actions or performance and involve risks, uncertainties and assumptions as to future events that may not prove to be accurate. Actual actions or results may differ materially from what is expressed or forecasted in these forward-looking statements. As a result, these statements speak only as of the date they were made and SYNLAB undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. It should be noted that past performance is not a guide to future performance. Interim results are not necessarily indicative of full-year results.
08-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Moosacher Straße 88|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1216972|
|End of Announcement||DGAP News Service|