Fresenius Witnesses Some Underlying Weakness in 1Q
Narrow-moat Fresenius reported first-quarter results with a number of unique cross currents, including IFRS 15 accounting rule changes, negative currency effects, a tougher comparison to last year’s Veterans Affairs settlement, shift in dialysis administration for calcimimetic drug Parsabiv, the sale of Sound Physician Group, and positive tax effects in the U.S. When accounting for these items, we found Fresenius’ underlying performance slightly worse than our expectations mainly from weak hemod...RegistrarFresenius Medical Care is a kidney dialysis company, operating in both the field of dialysis services and the field of dialysis products for the treatment of end-stage renal disease (ESRD). Co.'s dialysis business is vertically integrated, providing dialysis treatment at dialysis clinics it owns or operates and supplying these clinics with a range of products. In addition, Co. sells dialysis products to other dialysis service providers. In the U.S.A., Co. also provides inpatient dialysis services and other services under contract to hospitals. Co. provides patient services, including renal pharmaceutical products and in the U.S.A., laboratory services.
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