Report
Martial Descoutures ...
  • Oliver Metzger

Fresenius Medical Care : Q3 as expected, guidance confirmed, moving towards leaner organisation

>Q3 review – impacted by mortality - Fresenius Medical Care's Q3 2021 revenues of € 4,441m (0.6% y-o-y) were supported by organic growth of 0.9% at the group level, external growth of 30bp, but held back by forex headwinds of 60bp. The top line was slightly ahead of our forecast but 1% below the consensus. Health care services grew by 1.2%, organically impacted by increased mortality among dialysis patients. However, the company meaningfully outperformed the underlyin...
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
Martial Descoutures

Oliver Metzger

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