Report
Oliver Metzger

Fresenius Medical Care : Q4 review – Looking with confidence into 2024

>Q4 review – Ahead of expectations - Fresenius Medical Care's Q4 2023 revenues of € 4,988m (-0.1% y-o-y, 1% ahead of ODDO BHF/consensus) were supported by organic growth of 3.3% at the group level compared to our forecast of 4.3% and to consensus’ expectations of 5.5%. Acquisitions accounted for 410bp and forex created a headwind of 7.6%.Q4 adjusted EBIT of € 555m (+12.1% y-o-y, margin of 11.1%) was in line with our forecast and 2% ahead of the consensus. Reporte...
Underlying
Fresenius Medical Care AG & Co. KGaA

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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