SYNLAB AG: Portuguese competition authority investigating the local laboratory diagnostics market – SYNLAB’s operations in Portugal included in such investigation

SYNLAB (FSE: SYAB), the leader in medical diagnostic services and speciality testing in Europe, has announced today that the Portuguese competition authority Autoridade da Concorrência (“AdC”) initiated proceedings against several medical diagnostic providers active in Portugal, including SYNLAB.
The AdC has assessed that two Portuguese subsidiaries of SYNLAB have, together with competitors and a local industry association, potentially violated competition law between 2016 and March 2022. SYNLAB AG as the holding of SYNLAB Group has also been brought into the proceedings. SYNLAB takes these allegations very seriously; compliance with all applicable laws and regulations, both on a national and international level, is a top priority for SYNLAB.
SYNLAB is currently reviewing the allegations presented by the AdC carefully and will decide upon next steps after the completion of such review. The estimated outcome of the proceedings, including the risk of a potential penalty being imposed on SYNLAB, cannot be determined before the completion of this review and progress in the proceedings. The allegations raised by the AdC are country-specific and are limited to some operations of two SYNLAB subsidiaries in Portugal.


For more information:
 

Media contact: Daniel Herbert, FTI Consulting	+49 (0) 151 1226 3834 daniel.herbert@fticonsulting.com
Investor contact: Dr Anna Niedl, SYNLAB	+49 (0) 160 9176 0464 ir@synlab.com

About SYNLAB

• SYNLAB Group is the leader in medical diagnostic services and specialty testing in Europe. The Group offers a full range of innovative and reliable medical diagnostics to patients, practicing doctors, hospitals and clinics, governments and corporates.
• Providing the leading level of service within the industry, SYNLAB is the partner of choice for routine and specialty diagnostics in human and veterinary medicine. The Group continuously innovates medical diagnostic services for the benefit of patients and customers.
• SYNLAB operates in 36 countries across four continents and holds leading positions in most markets, regularly reinforcing the strength of its network through a proven acquisition strategy. More than 30,000 employees, including over 2,000 medical experts, contribute every day to the Group’s worldwide success.
• SYNLAB performed around 600 million laboratory tests and achieved revenues of €3.76 billion in 2021.
• Ticker symbol: SYAB; ISIN: DE000A2TSL71
• More information can be found on www.synlab.com