Fresenius SE & CO KGaA : Share price overreacts to FMC outlook cut, ignoring positives at Kabi
>Share price overreacts to FMC 2018 target cut… - After Fresenius (FSE) narrowed its 2018 guidance due to i/ Fresenius Medical Care’s (FMC’s) reduced outlook and to a lesser extent ii/ a weaker performance at Helios, the share price fell more than c.10%. We consider this drop overdone for the following reasons: i/ On a fully consolidated basis, FMC represents 54% of FSE’s group EBIT. However, since FSE has a 31% stake in FMC, its group EBIT exposure to FMC is c.16% ba...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.
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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