Report

Fresenius SE & CO KGaA : Q2 2018 preview: No surprises expected

>Expecting a slight top-line decline in Q2 2018e due to FX headwinds - Fresenius SE is due to publish its Q2 2018 results on 31 July. We estimate reported revenues to decrease slightly, by c.1% yoy to € 8,415m yoy (Q2 17: € 8,532m). FX headwinds (weak USD) affected the Fresenius Medical Care (FMC) and Kabi segments. We estimate group adj. EBIT down c.3% yoy to € 1,146m (Q2 17: € 1,177m), translating into an EBIT margin of 14%. Reported EBIT likely increased to € 1.76...
Underlying
Fresenius SE & Co. KGaA

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.

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.

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Matthias Desmarais
  • Matthias Desmarais

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