Fresenius Announces 3Q Results and Lowers Full-Year Guidance; No Change To FVE
Fresenius Medical Care announced third quarter results that were marginally below our forecasts and reduced full-year guidance, which now places expected revenue and net income for fiscal 2018 more squarely in line with our full-year estimates. We'd been marginally below management's prior outlook in our projections, primarily due to our view that 5%-7% consolidated revenue growth was more a best-case, rather than a base-case, expectation. While management's projections for the year are now some...Fresenius is a health care group providing products and services for dialysis, hospitals and outpatient medical care. Co. operates four business segments: Fresenius Medical Care; Fresenius Kabi; Fresenius Helios; and Fresenius Vamed. Fresenius Medical Care provides dialysis care and dialysis products for patients with chronic kidney failure. Fresenius Kabi is engaged in the provision of generic drugs, infusion therapies, clinical nutrition products, related medical devices and transfusion technology. Fresenius Vamed manages projects and provides services for hospitals and other health care facilities. Fresenius Helios is a private hospital operator which only operates in Germany.
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