Report
Oliver Metzger

Fresenius Medical Care : Q4 review – Higher savings targeted and leaner corporate structure

>Labour shortages weigh on top and bottom line - Fresenius Medical Care's Q4 2022 revenues of € 4,997m (+7.6% y-o-y) were supported by organic growth of 2.2% at the group level, divestments of 20bp, and lifted by forex of 550bp. The top line was in line with our forecast, but 1% below the consensus.Health care services grew by 2.8%, organically impacted by labour shortages. However, the company meaningfully outperformed the underlying market supported by positive...
Underlying
FRESENIUS MEDICAL CARE AG

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.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Oliver Metzger

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