Report
Oliver Metzger

Fresenius SE & CO KGaA : 2024 continues to show only slow progress

>Q4 preview – solid finish impacted by forex - Q4 revenues of € 5,607m (-47.3% y-o-y) should profit from organic growth of 3.7%, but the deconsolidation of Fresenius Medical Care dilutes the y-o-y view. We are forecasting an adj. EBIT of € 582m (margin 10.4%) for the quarter. We forecast Kabi to profit from 10.6% organic growth at the growth vectors, but only little growth of 0.8% at Pharma brings segmental organic growth to 5.7%. We forecast segmental forex headwind ...
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.

Analysts
Oliver Metzger

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